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318 W 89Th St, Los Angeles, CA 90003
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318 W 89Th St Los Angeles, CA 90003

$610,000 Sold Price as of 08/26/2021
  • 3 Beds
  • 2 Baths
  • 1,516 Sq.Ft.
Sold
$610,000 Sold Price as of 08/26/2021 Refinance Your Mortgage
Map preview of 318 W 89Th St, Los Angeles, CA 90003

Property Overview: 318 W 89Th St Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,516 living square feet and 5,720 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The unit mix consists of two (2) units comprised of one (1) 1+1 in front and one (1) 2+1 unit in the rear. The investment consists of approximately 1,516 of rentable square feet and is situated on an approximately 5,720 square foot parcel. The rear structure is newer as it was built in 2016 and the unit includes a washer/dryer hook up. Recent property upgrades include a newer two-car carport built in 2016, a new 2+1 unit in thee rear built in 2016, and newer windows throughout both units. The building amenities include, individual water heaters for each unit, secured gated entry and a large driveway with carport parking for two (2) spaces with additional uncovered spaces. The property is separately metered for electricity and the gas line is split between the two tenants. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is not subject to the Los Angeles Soft-Story Retrofit Program.

Listed by Ian Hollinger | BRE #01889125 | BRC Advisors- BH
Co-listed by Edward Patterson | BRE #01765179 | BRC Advisors BH
Last checked: 11 minutes ago | Last updated: March 18th, 2023 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
5,720
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21762108
City
Los Angeles
County
Los Angeles
Time on Site
1156 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,250
  • Total Rent: $2,250
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,406
  • Total Rent: $1,406
  • Pro Forma/Market Rent: $1,765
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.65
  • Gross Scheduled Income: --
  • Net Operating Income: $31,190
  • Gross Operating Income: $42,995
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 318 W 89Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Detached Carport, Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 6040030010
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is located in the City of Los Angeles. The property is situated south of Manchester Ave, North of 92nd St, West of Broadway and East of Figueroa St. This asset is in close proximity to local retail, schools, and the 110 freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 318 W 89Th St

Last sold for $610,000 on August 26th, 2021

  • August, 2021

  • Aug 26, 2021

    Date

    Sold

    CRMLS: 21762108

    $610,000

    Price

  • Jul 30, 2021

    Date

    Pending

    CRMLS: 21762108

    $599,000

    Price

  • Jul 21, 2021

    Date

    Active

    CRMLS: 21762108

    $599,000

    Price

  • July, 2014

  • Jul 30, 2014

    Date

    Sold (Public Records)

    Public Records

    $225,000

    Price

  • September, 2013

  • Sep 13, 2013

    Date

    Sold (Public Records)

    Public Records

    $170,000

    Price

Show More

Tax History for 318 W 89Th St

Assessed Value (2020): $361,178
Year Land Value Improved Value Assessed Value
2020 $163,080 $198,098 $361,178

Home Value Compared to the Market

This property vs the competition

318 W 89Th St sold on August 26, 2021 for 46.52% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $395.12 per/sqft which puts the price per square foot 45.43% lower than the current median sale per square foot for the city of Los Angeles.

About 318 W 89Th St

Detailed summary of property

318 W 89Th St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,516 living square feet, and sits on an approximately 5,720 square foot lot. 318 W 89Th St was first listed on ArdentRealEstateGroup.com on July 21, 2021. The homeowner sold the property for $610,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 46.52% lower than the current median priced home. Local homes that are currently for sale include 940 W 76th St, 516 W 109th St and 443 W 71st St. While the average home in Los Angeles, CA is selling in 106 days, 318 W 89Th St has a days on market of 9 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 318 W 89Th St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 318 W 89Th St

Public county record property details
Beds
2
Baths
1
Year built
1927
Sq. Ft.
1,516
Lot Size
5,720
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
6040-030-010

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$574
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$535
Total Inventory
48
Median Sale to List Price %
103%
Avg Days on Market
31
Loan Type
Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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