- For Sale $1,875,000
- Property Type Multi-Family
- Property Size 4,450 SF
- Units 8
- Lot Size 0.14 Acre
- Cap Rate % 7.79
- Additional Rent Contact for pricing
- Year Built 1963
- Date Updated Nov 25, 2024
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.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
-
Walk Score ®
70/100 Somewhat Walkable -
Transit Score ®
56/100 Good Transit -
Bike Score ®
54/100 Bikeable
- City Los Angeles, CA
- Neighborhood Westmont
- Zip Code 90044
- Market Los Angeles
Points of Interest
-
Vermont/Athens
2.00 miles
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Fairview Heights
2.49 miles
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Crenshaw
2.73 miles
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Avalon
2.81 miles
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Hyde Park
2.84 miles
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Downtown Inglewood
3.11 miles
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103rd Street/Watts Towers
3.34 miles
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Hawthorne/Lennox
3.47 miles
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Leimert Park
3.82 miles
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Willowbrook/Rosa Parks
3.99 miles
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Ralphs
0.64 miles
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Mobil
0.65 miles
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Arco
0.67 miles
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EcoFuel
0.68 miles
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Sinclair
0.72 miles
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Chevron
0.80 miles
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Speedway Express
0.80 miles
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7-Eleven
0.93 miles
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76
0.96 miles
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Electric Vehicle Charging Station
4.46 miles
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Manchester Park And Ride
1.01 miles
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Vermont Ave Park And Ride
1.92 miles
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Red Zone
1.99 miles
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Century / Harbor Park And Ride
2.19 miles
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Yellow Zone
2.23 miles
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Platinum Zone
2.37 miles
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Kareem Lot / The Forum
2.38 miles
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Slauson Park And Ride
2.39 miles
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East Garage - Intuit Dome
2.41 miles
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Westside Collector Car Storage
6.21 miles
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Polaris Motel
0.94 miles
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New Bay Motel
0.99 miles
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El Don Motel
1.03 miles
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Travel Inn Motel
1.14 miles
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Las Palmas Motel
1.58 miles
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Budget Motel
1.60 miles
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Boulevard Motel
1.63 miles
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108 Motel
1.73 miles
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Starlight Motel
1.91 miles
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Corona Motel
2.27 miles
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McDonald's
0.22 miles
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Louisiana Famous Fried Chicken
0.24 miles
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KFC
0.26 miles
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Burger King
0.29 miles
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Domino's
0.49 miles
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Wingstop
0.57 miles
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Jack in the Box
0.68 miles
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Taco Bell
0.83 miles
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Pizza Hut
0.87 miles
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Kinly Donuts
0.88 miles
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Saint Michaels Girls High School
0.30 miles
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Saint Michaels School
0.35 miles
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La Salle Avenue Elementary
0.44 miles
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Ninety-Fifth Street Elementary School
0.63 miles
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Harte Middle School
0.71 miles
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Manchester Avenue Elementary School
0.74 miles
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Harte Preparatory Intermediate School
0.76 miles
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Manhattan Place Elementary School
0.90 miles
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KIPP Academy of Opportunity
0.98 miles
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KIPP Empower Academy
1.00 miles
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Bakewell Primary Center
0.52 miles
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Locke Early Education Center
2.31 miles
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A Bright Beginning Inc.
2.61 miles
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Vernon Adult Day Program
3.38 miles
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CCDC of Little Angels Schools
3.43 miles
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Ralph M. Parsons Preschool
3.81 miles
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South Bay Universal Development Center
4.46 miles
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HIC Daycare
4.76 miles
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Jim Gilliam Child Care Center
4.91 miles
-
Montessori Academy of Culver City
5.54 miles
Frequently Asked Questions
How much does 1311 W 89th St cost?
The space currently listed for sale at 1311 W 89th St asks for $1,875,000.
What is the total square footage of 1311 W 89th St?
1311 W 89th St totals 4,450 square feet.
When was this property built?
1311 W 89th St was built in 1963.
Looking for more in-depth information on this property?
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Contact Listing Broker
Casey Lins Is this you?
Kidder Mathews