$2,750,000
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8819 Reading Avenue Los Angeles, CA 90045
Apartment
Residence
Beds
Baths
...
Bed/Bath
4,616
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 finished, brand-new 2bd/1ba permitted ADU, this property is already generating a substantial $191,088 in gro...ss 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.
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MLS#
PV24235528
Property Type
Apartment
Year Built
1951
Square Feet
4,616
sq. ft
Lot Size
0.16
Stories
2.0
Sewer
Sewer Connected, Public Sewer
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Source: Walk Score®
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