1404 W 89th Street 4, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$940,000
1404 W 89th Street 4, Los Angeles, California 90047
0Bed
0Bath
3,720Sqft
4,551Lot
Year Built
1963
Close
-
List price
$940K
Original List price
$975K
Price/Sqft
$253
HOA
-
Days on market
-
Sold On
-
MLS number
IG24213361
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $940.0K(53th), sqft - 3720(79th), beds - undefined(50th), baths - undefined(50th).
Seize the opportunity to invest in this outstanding rental property situated at 89th and Normandie, in the vibrant core of West Los Angeles. This four-plex features spacious two-bedroom units with one and a quarter baths, each providing 930 square feet of living space, making it an excellent choice for rental income. The property is conveniently located in the city area of Los Angeles.
Nearby schools
3/10
La Salle Avenue Elementary School
Public,•K-5•0.3mi
1/10
Manhattan Place Elementary School
Public,•K-5•0.8mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.5mi
1/10
Century Park Elementary School
Public,•K-5•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.5mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.9mi
2/10
George Washington Preparatory High School
Public,•9-12•1.3mi
2/10
Morningside High School
Public,•9-12•2.3mi
2/10
Inglewood High School
Public,•9-12•3.1mi
9/10
Middle College High School
Public,•9-12•3.6mi
Condition Rating
Fair
Built in 1963, this property shows signs of regular upkeep and some cosmetic updates, such as newer laminate flooring, fresh paint, and updated kitchen cabinets and bathroom vanity. However, the kitchen features older white appliances, and the presence of window AC units indicates a lack of central cooling, which is outdated. While functional and clean, the overall style and systems are basic and show the property's age, requiring minor updates to meet modern standards.
Pros & Cons
Pros
Income-Generating Asset: This property is explicitly marketed as an 'outstanding rental property' and 'excellent choice for rental income,' making it ideal for investors seeking consistent cash flow.
Quadruplex Configuration: As a four-plex, it offers diversified income streams across multiple units, reducing vacancy risk and potentially yielding higher returns compared to smaller multi-family properties.
Spacious Units: Each of the four units features a generous 930 square feet of living space with two bedrooms and one and a quarter baths, appealing to a broad range of potential tenants.
Strategic Location: Situated in the 'vibrant core of West Los Angeles' at 89th and Normandie, the property benefits from a convenient and desirable location, likely ensuring strong rental demand.
Recent Price Adjustment: The list price has been reduced from $975,000 to $940,000, indicating a more competitive offering and potential for a favorable acquisition for the buyer.
Cons
Property Age: Built in 1963, the property is over 60 years old, suggesting potential for aging infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditures for maintenance or upgrades.
Undisclosed Unit Condition: The description lacks details on recent renovations or modern amenities within the units, implying they may be in original or dated condition, which could necessitate further investment to attract premium tenants.
Extended Market Time: Having been on the market since October 2024 (based on the on-market date and modified timestamp), the property appears to have had an extended listing period, which could indicate challenges with its current pricing, condition, or market appeal.