1252 W 89th Street, Los Angeles, CA 90044

About this property

We are pleased to present a eight (8) unit apartment building located at 1252 West 89th Street in Los Angeles, California. The subject property is positioned in a solid South Los Angeles location, south of Manchester Avenue, east of South Normandie Avenue. Built in 1965, this property contains a great unit mix of one (1) one-bedroom / one-bathroom unit, six (6) two-bedroom / one-bedroom units, and one (1) three-bedroom / two-bathroom unit. This offering features seven (7) units that have Section 8 and non-profit subsidized tenants. The property is well-maintained with a brand new 2021 roof, five (5) completely remodeled units and well parked for tuck under parking as well as carports that could be converted to multiple ADU units. Residents will enjoy having the comfort and safety of having a security system. Outdoor recreation is also available with just a short drive to Maggie Hathaway Golf Course, St Andrews Recreation Center, and Jesse Owens Park. There is plenty of on-site tuck-under parking available. Situated in a solid South Los Angeles location, this offering presents an excellent opportunity for an any investor to achieve a very high initial cap rate of 7.36% with the potential of value add through adding ADUs.

Listing description from the January 2023 sale, as reported to CRMLS.

Sale history

$1,775,000

Sold January 2023 · listed $1,800,000, on market October 2022 · MLS #22210415 · Source: CRMLS

Listing Agent: Jason Tuvia · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Jason Tuvia · Marcus & Millichap

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