8819 Reading Avenue, Los Angeles CA, 90045

Active

8819 Reading Avenue

Los Angeles CA, 90045

$2,995,000

$648.83 per sqft

Active

10 Beds

7 Baths

4,616 sqft

Residential

Built in 1951

Listed by Anthony Rollins with Keller Williams Beverly Hills 310-403-7381

Conveniently located minutes to Sofi, LAX, Silicon Beach, West LA, and the South Bay, this 6-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 units having been recently remodeled, 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 attractions of the Westside and South Bay. Seller to do a 1031 exchange at no cost to buyer.

24446297

MLSⓇ ID

October 3, 2024

Listed

October 4, 2024

Updated

Map

8819 Reading Avenue
Los Angeles CA, 90045

Interior Features

Total Stories: 2
Bedrooms: 10
Total Bathrooms: 7
Interior Features: Ceiling Fan(s)
Appliances: Microwave, Refrigerator, Dryer, Washer
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.16 Acres
Roof: Composition
Sewer: Other

Other Property Details

Area Name: C29 - Westchester
Garage: No
Parking: One Space, Uncovered
Parking Total: 4
View: No
View Description: None
County: Los Angeles
Pool: No
Pool Features: None
Zoning: LAR3

Listing Contact: 310-432-6400

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/4/2024 at 12:42 PM UTC