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… Read More 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. Read Less
Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
Listing Snapshot
Days Online
37
Last Updated
Property Type
Other
Beds
13
Square Ft.
4,450
Lot Size
0.14 Acres
Year Built
1963
MLS Number
24450445
30 Days Snapshot Of 90044
$632k
-8%
(avg) sold price
11
0%
homes sold
140
+40%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1963, Building area total: 4,450, Levels: Two, Living area: 4450, 2 stories, 1 building
Cooling
None
Heating
None
Income
Gross income: $212,884, Net operating income: $145,996
Lot
0.1415 acres, 6,163 square feet, Size: 6,163
Parking
8 open parking spaces, 11 totals parking, Carport
Property
Zoning: LCR320U*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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