$2,995,000
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8819 Reading Avenue Los Angeles, CA 90045
Cluster
Residence
10
Beds
7
Baths
...
Bed/Bath
4,616
Sq. Ft.
Property Activity
Time on Site
days
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Conveniently located minutes to Sofi, LAX, Silicon Beach, West LA, and the South Bay, this 6-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 units having been recently remodeled, the list of buil...ding 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 attractions of the Westside and South Bay. Seller to do a 1031 exchange at no cost to buyer.
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MLS#
24446297
Property Type
Cluster
Bedrooms
10
Bathrooms
Year Built
1951
Square Feet
4,616
sq. ft
Lot Size
0.16
Stories
2.0
Sewer
Other
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