8819 Reading AVE new

Los Angeles,CA 90045

$ 2849000

- Bed

- Bath

- SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV24235528

Year Built 1951

Lot Size 7,008 Sqft

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.

Location

State CA

County Los Angeles

Area C29 - Westchester

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Inclusions None

Exterior

Garage Assigned

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Storm Drain(s),Street Lights,Sidewalks

Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash,Cash to New Loan,Conventional,Contract,1031 Exchange

Listing Terms Cash,Cash to New Loan,Conventional,Contract,1031 Exchange

Special Listing Condition Standard

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