Property profile & analytics
1311 89th St Los Angeles, CA 90044-2058
- Apartment buildings
- 4,450 SF
- 0.14 lot acres
OFF-MARKET
Last Sale
Sep 03, 2024
Sep 03, 2024
$1,770,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US09-8537878
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Apartment buildings
Property Details for 1311 89th St
- Year built
- 1963
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Property size
- 4,450 SF
- Zone code
- LCR320U*
- Property type
- Apartment buildings
- APN
- 6047-007-027
- APU
- 6047007027
Description
This 8-unit apartment building in Los Angeles, CA, presents a compelling value-add investment opportunity. Built in 1963, the two-story property boasts 4,450 square feet on a 6,163 square foot lot and features a mix of one and two-bedroom units, including one vacant two-bedroom unit. The property currently enjoys an occupancy rate of 87.5%, generating a Net Operating Income (NOI) of $145,996 and a 7.79% capitalization rate. Pro-forma projections indicate a potential NOI of $172,089 and a 9.18% capitalization rate. Ample parking is available with eleven spaces, including three one-car garages, three tandem spaces, and five additional tandem spaces in the rear. The property is conveniently located near the 110 freeway and various retail amenities such as Ralphs, Chase Bank, Smart & Final, and Superior Grocers. The asking price is $1,875,000, translating to $234,375 per unit and $421.35 per square foot. The property is zoned LCR320U and has a Los Angeles County APN of 6047-007-027. This is a rare opportunity to acquire a well-located multifamily asset with significant upside potential in a thriving Los Angeles market. The property is not subject to a ground lease.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
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Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.299
- Latitude
- 33.9572
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,381
$686,042
$457,851
$1,143,893
-
$0.00
$0.00
$0.00
