8819 Reading Avenue
$2,799,000
5
7
4,616
4,616
$606
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Description
Prime Location Alert. Just minutes from Sofi Stadium, LAX, Silicon Beach, West LA, and the South Bay, this exceptional 7-unit building offers an unbeatable investment opportunity. Featuring a nearly finished, brand-new 2bd/1ba permitted ADU, this property is already generating a substantial $191,088 in gross income—with a 20.13% upside potential in rents. There were over $400,000 in upgrades. The building boasts 4 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing,...Prime Location Alert. Just minutes from Sofi Stadium, LAX, Silicon Beach, West LA, and the South Bay, this exceptional 7-unit building offers an unbeatable investment opportunity. Featuring a nearly finished, brand-new 2bd/1ba permitted ADU, this property is already generating a substantial $191,088 in gross income—with a 20.13% upside potential in rents. There were over $400,000 in upgrades. The building boasts 4 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing, new foundation work, fresh exterior paint, and updated landscaping. Plus, with a Tier 3 Transit Oriented Communities Density Bonus (TOC), the 7,008 sq ft R3 lot offers exciting future development potential. This property is ideal for investors looking for a stable rental market and unparalleled access to premier Westside and South Bay attractions. The seller is willing to do a 1031 exchange at no cost to the buyer, making this deal even more attractive. Don’t miss out on this incredible long-term investment opportunity! Contact us for the offering memorandum.
- Listed by Frank Ponce • DRE #00861049 • Brokerage DRE #00616212 • Coldwell Banker Realty • 310-503-4158
- Listed by Viktorie Miksatkova • DRE #02126640 • Brokerage DRE #00616212 • Coldwell Banker Realty
Property Details for 8819 Reading Avenue
Parking Spaces Total
4
Private PoolNo
Cooling TypeN/K
Total Units7.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4616
Assessor Parcel Number4125-014-002
LISTING UPDATED: 12/12/2024 12:37 PM
Property Details for 8819 Reading Avenue
Status | Active |
---|---|
MLS # | PV24235528 |
Days on Market | 34 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1951 |
County | Los Angeles County |
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Building Information for 8819 Reading Avenue
Building/Complex8819 Reading AveFloor-Stories2Residences-Pet Policy-Year Built1951Building Size-
Property Information for 8819 Reading Avenue
Property History for 8819 Reading Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8819 Reading Avenue
Taxable ValueLand$1,430,550Additions$624,240Total$2,054,790
Tax Record2024$25,553 ($2,129 / month)
Home Facts
Total Finished SqFt3,911 SqFtAbove Grade Finished SqFt3,911 SqFtLot Size7,006 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningLAR3CountyLOS ANGELESAPN4125-014-002
Schools near 8819 Reading Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Westport Heights Elementary School PublicK to 5 | ||
Orville Wright Engineering And Design Magnet Public6 to 8 | ||
Wesm Health/Sports Medicine Public9 to 12 | ||
Open Charter Magnet School CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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