8819 Reading Avenue
Los Angeles, CA 90045
4616 sqft | 10 beds | 0.16 acres | #24446297
Description
DO NOT CONTACT THE SELLER. PROPERTY TO BE RE-LISTED IN A FEW WEEKS. 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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- InteriorCeilingFans
- CountyLos Angeles
- Original List Price$2,995,000
- MLS #24446297
- MLS #24446297
- Cost2995000
- Acres0.1609
- Sewer InformationOther
- Square Feet4616
- Year Built1951
- Bedrooms10
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Anthony Rollins (#CLW-X43093)
Listing Office: Keller Williams Beverly Hills (#CLW-X74054)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
