CA > Los Angeles
Los Angeles, CA 90045,8819 Reading Ave
Los Angeles, CA 90045,8819 Reading Ave
Los Angeles, CA 90045,8819 Reading Ave
21
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$2,295,000
Est. payment /mo
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10 Beds
7 Baths
4,616 SqFt
New

8819 Reading Ave Los Angeles, CA 90045

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Joshua Shorter

Joshua Shorter

+1(702) 728-0089

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,616 sqft

Price per Sqft $497

MLS Listing ID 25527413

Bedrooms 10

Year Built 1951

Lot Size 7,008 Sqft

Acres 0.1609

Property Sub-Type Multi-Family

Property Description

SELLER IS MOTIVATED - MAJOR PRICE REDUCTION - Located at 8819 Reading Avenue in the highly desirable Westchester neighborhood, this multifamily property offers a prime investment opportunity with significant upside potential. Currently 3 vacancies for new buyer to take advantage of. 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. With 3 current vacanies this presents a rare opportunity for immediate income growth. With a 22% rental upside, the property has the potential to produce $19,460 per month ($236,820 annually) at market rents, achieving a cap rate of 7.54% and a GRM of 9.69. Currently, it operates at a 5.63% cap rate and a GRM of 11.97. The property includes four dedicated parking spaces and ample street parking, ensuring convenience for tenants in an area where parking is a premium. 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, three immediate lease-up opportunities, and substantial rental upside in a high-demand area. *** Please click property website link for floor plans.

Location

State CA

County Los Angeles

Area Westchester

Zoning LAR3

Rooms

Other Rooms Accessory Bldgs

Interior

Heating Wall

Cooling Air Conditioning

Equipment Microwave, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven, Refrigerator

Exterior

Parking Features Carport

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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agent

Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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8819 Reading Ave