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$ 1,875,000
Est. payment | /mo
13 Beds
8 Baths
4,450 SqFt
$ 1,875,000
Est. payment | /mo
13 Beds
8 Baths
4,450 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 4,450 sqft
Price per Sqft $421
MLS Listing ID 24450445
Bedrooms 13
HOA Y/N No
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 C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Carport
Attached Garage Yes
Total Parking Spaces 11
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6047007027
Special Listing Condition Standard
Listed by Casey Lins • Kidder Mathews of California, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner