$1,770,000
SOLD DEC 3, 2024

1311 W 89th St Los Angeles, CA 90044

Westmont Neighborhood
13 Beds
8 Baths
4,450 Sq Ft
6,163 Sq Ft Lot

Recently Sold

$398 Per Sq Ft

6% Below List Price

29 Days on Market

About This Home

As of December 2024

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.

Last Agent to Sell the Property

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 10/08/2024

Last Buyer's Agent

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 10/08/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,163 Sq Ft Lot

Interior Spaces

  • 4,450 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 11 Parking Spaces
  • Carport

Community Details

  • 8 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 6047-007-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 4450
  • Lot Acreage: 0.1415
  • Probate: No
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Common Walls: Attached
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 421.35

Exterior Features

  • Other Structures: None
  • Paved: Yes

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Carport, Garage Is Attached
  • Total Parking: 11

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 448394
  • Assessed Land Percent: 60
  • Assessed Land Value: 672591
  • Total Assessed Value: 1120985
  • Assessor Parcel Number: 6047-007-027
  • Lot Size Area: 6163

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 8.81
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 60501
  • Type Of Units: Apartment
  • Vacancy Rate: 12.5

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2024 12/03/24 Sold $1,770,000 -5.6% $398 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
10/08/2024 10/08/24 For Sale $1,875,000 -- $421 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Casey Lins

    Seller's Agent in 2024

    Casey Lins

    Kidder Mathews of California, Inc.

    (714) 333-6768

    1 in this area

    50 Total Sales

    Casey Lins
    Section Image
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Map

Source: The MLS

MLS Number: 24-450445

The MLS

California Los Angeles County Los Angeles 90044 Westmont

1311 W 89th St, Los Angeles, CA

This home is located at 1311 W 89th St, Los Angeles, CA 90044 and is currently priced at $1,770,000, approximately $397 per square foot. This property was built in 1963. 1311 W 89th St is a home located in Los Angeles County with nearby schools including La Salle Avenue Elementary School, Horace Mann Ucla Community, and George Washington Preparatory High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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