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$1,770,000
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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.
Full Property Details
Full Property Details for 1311 W 89th St
General
- Sold For: $1,770,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 24-450445
- Added to Site: 504 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 13
Additional Information
- Other Features: None
Parking
- Garage Description: Carport, Garage Is Attached
Location
- Area: Metropolitan Southwest
- County: Los Angeles
- Driving Directions: Google Maps: 1311 W 89th St, Los Angeles, CA 90044
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- # Buildings: 1
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 4,450
- Sq. Ft. Source: Assessor
- Year Built: 1963
- Year Built Source: Assessor
Unit Information
- Units in Complex: 8
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Total Bathrooms: 1
- Bedrooms: 2
Unit 8
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1415
- Lot Size: 6163
- Lot Size Source: Assessor
- Alley: Yes
- Zoning: LCR320U*
Financial Considerations
- Price Per Sq. Ft.: $421.35
- Assessment Year: 1963
Disclosures and Reports
- Disclosures/Reports: None
- APN: 6047-007-027
Listed and Sold by Kidder Mathews of California, Inc., Casey Lins
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Schools
Schools serving 1311 W 89th St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
La Salle Avenue Elementary School 8715 La Salle Avenue, Los Angeles, CA 90047 | K-5 | 0.4 mi |
Horace Mann Ucla Community 7001 South Saint Andrews Place, Los Angeles, CA 90047 | 6-8 | 1.6 mi |
George Washington Preparatory High School 10860 South Denker Avenue, Los Angeles, CA 90047 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1311 W 89th St
Date
Details
Price
Change
Source
12/03/2024
Sold
$1,770,000
-5.6%
MLS
10/08/2024
Listed
$1,875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1311 W 89th St, Los Angeles, CA 90044 (MLS# 24-450445) is a Multi-Family property that was sold at $1,770,000 on December 03, 2024. Want to learn more about 1311 W 89th St? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

