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    343 89th St Los Angeles, CA 90003-3649
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    343 89th St Los Angeles, CA 90003-3649

    View on Map
    • Apartment buildings
    • 7,861 SF
    • 0.24 lot acres
    Off-Market
    Last Sale Jan 31, 2022
    Property ID
    US09-7650758
    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.
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 343 89th St

    Year built
    1964
    Lot size
    0.24 lot acres
    Property size
    7,861 SF
    Zone code
    LARD1.5
    Property type
    Apartment buildings
    APN
    6040-025-004
    APU
    6040025004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $718,000
      Market price range: $341k - $718k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.28
    Latitude
    33.9563
    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
    $32,375
    $1,560,600
    $1,014,390
    $2,574,990
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $875,000
      23,134 SF

      9130 Figueroa St

      APARTMENT HOUSE (5+ UNITS) • 23,134 SF
      9130 Figueroa St, Los Angeles, CA 90003-3952
      View Details
    • Value Estimation
      $1,265,000
      29,670 SF

      9500 Broadway

      APARTMENT HOUSE (5+ UNITS) • 29,670 SF
      9500 Broadway, Los Angeles, CA 90003-4053
      View Details
    • Value Estimation by Request
      10,560 SF

      8460 Avalon Blvd

      APARTMENT HOUSE (5+ UNITS) • 10,560 SF
      8460 Avalon Blvd, Los Angeles, CA 90003-3151
      View Details
    • Value Estimation by Request
      11,212 SF

      10008 Avalon Blvd

      APARTMENT HOUSE (5+ UNITS) • 11,212 SF
      10008 Avalon Blvd, Los Angeles, CA 90003-4858
      View Details
    • Value Estimation by Request
      4,664 SF

      9514 Avalon Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,664 SF
      9514 Avalon Blvd, Los Angeles, CA 90003-4347
      View Details
    • Value Estimation by Request
      4,664 SF

      9516 Avalon Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,664 SF
      9516 Avalon Blvd, Los Angeles, CA 90003-4346
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Two-Story 10-Plex Apartment Building

      Two-story, ten-unit apartment building near transportation, shopping, and freeways.
      8711 Avalon St, Los Angeles, CA 90003
      View Details
    • $1,750,000
      6,600 SF

      Los Angeles 10-Unit Apartment Building

      Bungalow-style 10-unit apartment building in Los Angeles for sale.
      6325 S Figueroa St, Los Angeles, CA 90003
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    • $1,499,000
      4,788 SF

      Los Angeles Multifamily Investment Opportunity

      Six-unit multifamily property with immediate upside potential in Los Angeles.
      304 E 95Th St, Los Angeles, CA 90003
      View Details
    • $1,800,000
      5,523 SF

      12-Unit Multifamily Investment Opportunity

      12-unit apartment building near SoFi Stadium with investment upside.
      10108 S Figueroa St, Los Angeles, CA 90003
      View Details
    • $1,250,000
      4,320 SF

      Los Angeles Multi-Unit Investment Opportunity

      Six-unit apartment complex in a desirable Los Angeles location.
      235 E 87Th St, Los Angeles, CA 90003
      View Details

    Similar Nearby for Lease

    • $0.60 SF/Yr
      14,400 SF

      Contractor’s Yard, Parking, Storage, Etc.

      Contractor’s Yard, Parking, Storage, Etc.
      5875 Towne Ave, Los Angeles, CA 90003
      View Details
    • Contact for pricing
      2,300 SF

      Industrial Property Fully Leased

      Industrial property in Los Angeles, currently 100% leased.
      5937-5945 Avalon Blvd, Los Angeles, CA 90003
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Los Angeles, CA.
      5875 Towne Ave, Los Angeles, CA 90003
      View Details
    • $1.55 SF/Yr
      12,960 SF

      Los Angeles Warehouse Space Available

      Warehouse space with dock high doors and freeway access.
      15101-15141 S Figueroa St, Los Angeles, CA 90003
      View Details
    • Contact for pricing
      45,000 SF

      Industrial Space with Figueroa Frontage

      45,000 SF industrial space with fenced yard for lease.
      13838 S Figueroa St, Los Angeles, CA 90003
      View Details
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    Los Angeles, CA 90003-3649
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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