8819 Reading Avenue, Los Angeles, CA 90045
-
Listed Price :
$2,975,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1951
Property 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, 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.
Interior Features
| Bedroom Information |
| Features |
All Bedrooms Down |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Vinyl |
| Interior Information |
| Features |
Ceiling Fan(s), All Bedrooms Down |
| Cooling Type |
None |
Listing Information
| Address |
8819 Reading Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90045 |
| County |
Los Angeles |
| Listing Agent |
Frank Ponce DRE #00861049 |
| Co-Listing Agent |
Viktorie Miksatkova DRE #02126640 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$2,975,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
7,008 |
| Year Built |
1951 |
Listing information courtesy of: Frank Ponce, Viktorie Miksatkova, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 23rd, 2024 at 1:23 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
