8819 Reading Avenue new

Los Angeles,CA 90045

$ 2975000

5 Beds

3 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV24235528

Bedrooms 5

HOA Y/N No

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 incomewith a 20.13% upside potential in rents. The building boasts 3 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing, a new roof, 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. Dont miss out on this incredible long-term investment opportunity! Contact us for the offering memorandum.
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 incomewith a 20.13% upside potential in rents. The building boasts 3 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing, a new roof, 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. Dont miss out on this incredible long-term investment opportunity! Contact us for the offering memorandum.

Location

State CA

County Los Angeles

Area Los Angeles (90045)

Zoning Assessor

Exterior

Garage Unit1:Assigned

Building

Lot Description Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $75

Acceptable Financing Cash,Conventional,Exchange,Land Contract

Space Rent $1,605

Listing Terms Cash,Conventional,Exchange,Land Contract

View More
Favorite Go Tour