CA > Los Angeles
Los Angeles, CA 90045,8819 Reading AVE
Los Angeles, CA 90045,8819 Reading AVE
Los Angeles, CA 90045,8819 Reading AVE
Los Angeles, CA 90045,8819 Reading AVE
Los Angeles, CA 90045,8819 Reading AVE
Los Angeles, CA 90045,8819 Reading AVE
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Denise Martin

Denise Martin

+1(661) 233-6916
$ 2,995,000
Est. payment | /mo

10 Beds

7 Baths

4,616 SqFt

Save
$ 2,995,000
Est. payment | /mo
Save

10 Beds

7 Baths

4,616 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,616 sqft

Price per Sqft $648

MLS Listing ID 24446297

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

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 C29 - Westchester

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Microwave, Refrigerator, Dryer, Washer

Exterior

Garage One Space, Uncovered

Pool None

View Y/N No

View None

Roof Type Composition

Parking Type One Space, Uncovered

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4125014002

Financing Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Anthony Rollins • Keller Williams Beverly Hills
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 233-6916

denise@denise4realty.com

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8819 Reading AVE