$ 1,875,000
1311 W 89th Street Los Angeles, CA 90044
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$ 1,875,000
Est. payment | /mo
4,450 SqFt
$ 1,875,000
Est. payment | /mo
4,450 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,450 sqft
Price per Sqft $421
MLS Listing ID CL24450445
HOA Y/N No
Year Built 1963
Lot Size 6,163 Sqft
Acres 0.14
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 Listing
Zoning LCR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Type Other
Building
New Construction No
Others
Tax ID 6047007027
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
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! "