- 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.
Reach out to the broker for more info on lease terms and amenities
False
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
-
Fairview Heights
2.49 miles
-
Crenshaw
2.73 miles
-
Avalon
2.81 miles
-
Hyde Park
2.84 miles
-
Downtown Inglewood
3.11 miles
-
103rd Street/Watts Towers
3.34 miles
-
Hawthorne/Lennox
3.47 miles
-
Leimert Park
3.82 miles
-
Willowbrook/Rosa Parks
3.99 miles
-
Ralphs
0.64 miles
-
Mobil
0.65 miles
-
Arco
0.67 miles
-
EcoFuel
0.68 miles
-
Sinclair
0.72 miles
-
Chevron
0.80 miles
-
Speedway Express
0.80 miles
-
7-Eleven
0.93 miles
-
76
0.96 miles
-
Electric Vehicle Charging Station
4.46 miles
-
Manchester Park And Ride
1.01 miles
-
Vermont Ave Park And Ride
1.92 miles
-
Red Zone
1.99 miles
-
Century / Harbor Park And Ride
2.19 miles
-
Yellow Zone
2.23 miles
-
Platinum Zone
2.37 miles
-
Kareem Lot / The Forum
2.38 miles
-
Slauson Park And Ride
2.39 miles
-
East Garage - Intuit Dome
2.41 miles
-
Westside Collector Car Storage
6.21 miles
-
Polaris Motel
0.94 miles
-
New Bay Motel
0.99 miles
-
El Don Motel
1.03 miles
-
Travel Inn Motel
1.14 miles
-
Las Palmas Motel
1.58 miles
-
Budget Motel
1.60 miles
-
Boulevard Motel
1.63 miles
-
108 Motel
1.73 miles
-
Starlight Motel
1.91 miles
-
Corona Motel
2.27 miles
-
McDonald's
0.22 miles
-
Louisiana Famous Fried Chicken
0.24 miles
-
KFC
0.26 miles
-
Burger King
0.29 miles
-
Domino's
0.49 miles
-
Wingstop
0.57 miles
-
Jack in the Box
0.68 miles
-
Taco Bell
0.83 miles
-
Pizza Hut
0.87 miles
-
Kinly Donuts
0.88 miles
-
Saint Michaels Girls High School
0.30 miles
-
Saint Michaels School
0.35 miles
-
La Salle Avenue Elementary
0.44 miles
-
Ninety-Fifth Street Elementary School
0.63 miles
-
Harte Middle School
0.71 miles
-
Manchester Avenue Elementary School
0.74 miles
-
Harte Preparatory Intermediate School
0.76 miles
-
Manhattan Place Elementary School
0.90 miles
-
KIPP Academy of Opportunity
0.98 miles
-
KIPP Empower Academy
1.00 miles
-
Bakewell Primary Center
0.52 miles
-
Locke Early Education Center
2.31 miles
-
A Bright Beginning Inc.
2.61 miles
-
Vernon Adult Day Program
3.38 miles
-
CCDC of Little Angels Schools
3.43 miles
-
Ralph M. Parsons Preschool
3.81 miles
-
South Bay Universal Development Center
4.46 miles
-
HIC Daycare
4.76 miles
-
Jim Gilliam Child Care Center
4.91 miles
-
Montessori Academy of Culver City
5.54 miles
Frequently Asked Questions
The space currently listed for sale at 1311 W 89th St asks for $1,875,000.
1311 W 89th St totals 4,450 square feet.
1311 W 89th St was built in 1963.
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Kidder Mathews
