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439 W 89th St, Los Angeles, CA 90003
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439 W 89th St Los Angeles, CA 90003

$1,320,000 Sold Price as of 07/20/2020
  • 15 Beds
  • 9 Baths
  • 5,285 Sq.Ft.
Sold
$1,320,000 Sold Price as of 07/20/2020 Refinance Your Mortgage
Map preview of 439 W 89th St, Los Angeles, CA 90003

Property Overview: 439 W 89th St Los Angeles, CA has 15 bedrooms, 9 bathrooms, 5,285 living square feet and 7,002 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: LIKE NO OTHER, WELCOME TO 439 W 89TH STREET - 100% NEW CONSTRUCTION 2020-NO RENT CONTROL AT ALL: 3-UNITS Opportunity knocks in the heart of Los Angeles under $275.00 per square foot! Each with 5 large bedrooms & 3 full bathrooms for a total of 15 bedrooms & 9 bathrooms combined. This carefully designed property consists of 2 separate buildings on a 7000 SQFT LOT with 1 independent unit equipped with an attached 1 garage and the 2nd building is detached with side by side units and a detached 2 car garage! This design choice is invaluable to Renters, who appreciate having their own separate living quarters and outdoor space including the convenience of not having to share parking accessibility. Each unit is individually metered for gas, water and electric making the operating expenses at a minimum! Location is ideal, centrally located to all public transportation and major freeways! We welcome your 1031 exchange here, cap rate is under 7.45% which makes this a sound long term sustainable real estate investment. Don't miss out on this one!

Listed by XIO SANDOVAL | BRE #01308913 | CENTURY 21 REALTY MASTERS
Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft
7,002
HOA Dues
$0/mo
Year built
2020
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
MB20071903
City
Los Angeles
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $126,000
  • Net Operating Income: $106,688
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $19,312
  • New Taxes: $17,312
  • Trash: $500
  • Insurance: $1,500

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 439 W 89th St

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Direct Garage Access, Driveway
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 6038003024
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
  • Property is Attached
  • Offered With Property: At COE builder will install a stove and hood vent per unit. Total value is builders discretion.
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Private
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Between Figueroa and Flower St.
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 439 W 89th St

Last sold for $1,320,000 on July 20th, 2020

  • July, 2020

  • Jul 20, 2020

    Date

    Sold

    CRMLS: MB20071903

    $1,320,000

    Price

  • Jun 18, 2020

    Date

    Pending

    CRMLS: MB20071903

    $1,384,800

    Price

  • May 19, 2020

    Date

    Active

    CRMLS: MB20071903

    $1,384,800

    Price

  • May 12, 2020

    Date

    Active Under Contract

    CRMLS: MB20071903

    $1,384,800

    Price

  • Apr 10, 2020

    Date

    Active

    CRMLS: MB20071903

    $1,384,800

    Price

  • July, 2020

  • Jul 20, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,320,000

    Price

  • April, 2020

  • Apr 9, 2020

    Date

    Canceled

    CRMLS: MB19281300

    $1,399,999

    Price

  • Mar 11, 2020

    Date

    Active Under Contract

    CRMLS: MB19281300

    $1,399,999

    Price

  • Dec 16, 2019

    Date

    Price Change

    CRMLS: MB19281300

    $1,399,999

    Price

  • Dec 16, 2019

    Date

    Active

    CRMLS: MB19281300

    $139,999

    Price

  • Listing provided courtesy of CRMLS

    WELCOME TO 439 W 89TH STREET - 100% NEW CONSTRUCTION 2019-NO RENT CONTROL AT ALL: 3-units each with 5 bed 3 bath for a total of 15 bedrooms & 9 bathrooms combined. This carefully designed property offers 2 separate buildings on a 7000 SQFT LOT with 1 independent unit equipped with an attached 1 garage and the 2nd building is detached with side by side units and a detached 2 car garage! This design choice will be invaluable to renters, who appreciate having their own separate living quarters and outdoor space including the convenience of not having to share parking access. Each unit with individual meters for gas, water and electric keeping the operating expenses at a minimum! Location is ideal, centrally located to all public transportation and major freeways! With an estimated completion timeline of January 2020, now is the time to lock up this deal at an amazing price of $1,399,999! Schedule your hard hat tour today, we welcome your 1031 exchange here!

  • April, 2019

  • Apr 10, 2019

    Date

    Sold

    CRMLS: CV19058508

    $395,000

    Price

  • Mar 24, 2019

    Date

    Pending

    CRMLS: CV19058508

    $349,000

    Price

  • Mar 18, 2019

    Date

    Hold

    CRMLS: CV19058508

    $349,000

    Price

  • Mar 15, 2019

    Date

    Active

    CRMLS: CV19058508

    $349,000

    Price

  • Listing provided courtesy of CRMLS

    Come check out this beautiful 3 bedroom 1 bath home in Los Angeles! Also has a storage area that can be used as a laundry room. Updated restroom. It has it's own driveway that leads into a huge back yard. Conveniently located right off the 110 freeway. Close to shops, restaurants and gas stations! Don't miss out on this gem!

  • April, 2019

  • Apr 8, 2019

    Date

    Sold (Public Records)

    Public Records

    $395,000

    Price

Show More

Tax History for 439 W 89th St

Assessed Value (2020): $402,900
Year Land Value Improved Value Assessed Value
2020 $322,320 $80,580 $402,900

Home Value Compared to the Market

This property vs the competition

439 W 89th St sold on July 20, 2020 for 23.64% higher 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 $262.02 per/sqft which puts the price per square foot 63.81% lower than the current median sale per square foot for the city of Los Angeles.

About 439 W 89th St

Detailed summary of property

439 W 89th St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 15 bedrooms, 9 bathrooms, roughly 5,285 living square feet, and sits on an approximately 7,002 square foot lot. 439 W 89th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,320,000. 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 23.64% higher than the current median priced home. Local homes that are currently for sale include 907 E 88th St, 6553 S Vermont Ave and 726 W Imperial Hwy. While the average home in Los Angeles, CA is selling in 106 days, 439 W 89th St has a days on market of 66 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 439 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 439 W 89th St

Public county record property details
Beds
3
Baths
1
Year built
1921
Sq. Ft.
912
Lot Size
7,001
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
6038-003-024

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
47
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%)

Thinking of Selling?

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(714) 706-1823

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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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