8819 Reading AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90045
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