Los Angeles, CA 90045,8819 Reading Avenue
Los Angeles, CA 90045,8819 Reading Avenue
Los Angeles, CA 90045,8819 Reading Avenue
Los Angeles, CA 90045,8819 Reading Avenue
Los Angeles, CA 90045,8819 Reading Avenue
Los Angeles, CA 90045,8819 Reading Avenue
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$ 2,800,000
Est. payment | /mo

4,616 SqFt


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$ 2,800,000
Est. payment | /mo
Save

4,616 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,616 sqft

Price per Sqft $606

MLS Listing ID CL25527413

HOA Y/N No

Year Built 1951

Lot Size 7,008 Sqft

Acres 0.16

Property Sub-Type Other

Property Description

Located at 8819 Reading Avenue in the highly desirable Westchester neighborhood, this multifamily property offers a prime investment opportunity with significant upside potential. The property features a total of 7 units, including a newly constructed 2-bedroom/1-bathroom ADU completed in 2024, enhancing its modern appeal. The remaining unit mix includes 4 one-bedroom/one-bathroom units and 2 two-bedroom/one-bathroom units, with a total rentable square footage of 4,616 on a 7,006-square-foot lot. The property currently generates $16,026 per month ($192,312 annually) with one vacancy, presenting a rare opportunity for immediate income growth. With a 23% rental upside, the property has the potential to produce $19,760 per month ($237,120 annually) at market rents. The property includes three dedicated parking spaces and ample street parking, ensuring convenience for tenants in an area where parking is a premium. Each unit features in-unit laundry, and the property is well-maintained, with several units in excellent condition and the newly built ADU adding value. Its location near LAX, Playa Vista, Silicon Beach, and the 405 freeway ensures strong demand from tenants seeking convenience and proximity to major employment and lifestyle hubs. With its combination of current cash flow,

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Appliance Dryer

Laundry Dryer

Building

New Construction No

Others

Tax ID 4125014002

Bridge MLS
Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.
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8819 Reading Avenue