Los Angeles, CA 90044,1311 W 89th St
Los Angeles, CA 90044,1311 W 89th St
Los Angeles, CA 90044,1311 W 89th St
13
$1,770,000
$1,875,000
5.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

13 BD
8 BA
4,450 SqFt

1311 W 89th St Los Angeles, CA 90044

Est. payment /mo
SOLD DATE : 12/03/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,770,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,450 sqft

Price per Sqft $397

MLS Listing ID 24-450445

Bedrooms 13

Year Built 1963

Lot Size 6,163 Sqft

Property Description

We are pleased to present 1311 W 89th St, an 8-unit property located in the heart of Los Angeles. Operating at a 7.79% CAP and an 8.81 GRM on current rents, with potential upside to a 9.18% CAP and a 7.77 GRM on pro-forma rents, this building provides a buyer with the ability to achieve a high-cash flow. The property consists of two-story building constructed in 1963 with a strong unit mix of 5 two-bedroom units and 3 one-bedroom units, with one 2-bedroom unit delivered VACANT. The property also features three 1-car garages in the front with three tandem spaces, plus carport spaces, and 5 tandem spaces in the rear accessible by alley, offering a plentiful parking on-site! This asset is located in close proximity to the 110 freeway as well as nearby retailers such as Ralphs, Chase Bank, Smart & Final, Superior Grocers as well as a number of other tenant amenities and conveniences.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LCR320U*

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Carport, Garage Is Attached

Garage Spaces 11.0

Building

Story 2

Others

Special Listing Condition Standard

Read Less


TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.
Bought with Kidder Mathews of California, Inc.

GET MORE INFORMATION

Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Mortgage Calculator

Price of Homes
$
Down Payment
$
Loan Term
Interest Rate
Home Insurance (optional)
$
Property Tax (optional)
$
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.