CA > Los Angeles
Los Angeles, CA 90045,8819 Reading Ave
Los Angeles, CA 90045,8819 Reading Ave
Los Angeles, CA 90045,8819 Reading Ave
8
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$2,995,000
Est. payment /mo
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10 BD
7 BA
4,616 SqFt
Active

8819 Reading Ave Los Angeles, CA 90045

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Travis Scholl

Travis Scholl

+1(702) 232-5376

UPDATED:

10/11/2024 07:02 AM

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

Construction Status Updated/Remodeled

Year Built 1951

Lot Size 7,008 Sqft

Acres 0.1609

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

Level or Stories Two

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Travis Scholl

Agent | RE.S.0069556

+1(702) 232-5376

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8819 Reading Ave