1311 W 89Th Street, Los Angeles, CA 90044

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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.


Interior Features

Bedroom Information
Bedrooms 13
Bathroom Information
Bathrooms 8
Interior Information
Cooling Type None

Listing Information

Address 1311 W 89Th Street
City Los Angeles
State CA
Zip 90044
County Los Angeles
Listing Agent Casey Lins DRE #01902650
Courtesy Of Kidder Mathews of California, Inc.
List Price $1,875,000
Status Active
Type Residential Income
Structure Size 4,450
Lot Size 6,163
Year Built 1963

Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 16th, 2024 at 12:18 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.