8819 Reading Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90045
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,616 sqft
Price per Sqft $648
MLS Listing ID 24-446297
Bedrooms 10
Year Built 1951
Lot Size 7,008 Sqft
Property Description
Conveniently located minutes to Sofi, LAX, Silicon Beach, West LA, and the South Bay, this 7-unit building with an almost completed, BRAND NEW 2bd/1ba permitted ADU, is generating $191,092 in gross income w/ 19% upside in rents. In addition to 3 recently remodeled units, the list of building upgrades includes dual pane windows, copper plumbing, a new roof, foundation work, exterior painting, and landscaping. There is also a Tier 3 TOC Density Bonus for future development potential of the 7,008 sq ft R3 lot. This property is a great opportunity and long-term play for a buyer looking to be in a stable rental area with proximity and access to some of the best Westside and South Bay attractions. Seller to do a 1031 exchange at no cost to buyer.
Location
State CA
County Los Angeles
Area Westchester
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall Unit(s)
Equipment Cable, Ceiling Fan, Washer, Dryer, Refrigerator, Range/Oven, Microwave
Laundry In Unit, Laundry Area
Exterior
Garage Uncovered, Parking Space
Garage Spaces 4.0
Pool None
View Y/N No
View None
Roof Type Composition
Building
Story 2
Sewer In Street
Water Public
Structure Type Stucco
Others
Special Listing Condition Standard