Property Details
About this Property
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 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.
MLS Listing Information
MLS #
CRPV24235528
MLS Source
California Regional MLS
Days on Site
10
Interior Features
Appliances
Microwave, Dryer, Washer
Cooling
None
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 4 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Frank Ponce
Coldwell Banker Realty
License #: 00861049
Phone: (310) 791-6017
Co-Listing Agent
Viktorie Miksatkova
License #: 02126640
Phone: (424) 301-0075
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 6 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
8819 Reading Ave is a Residential Income in Los Angeles, CA 90045. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,975,000 and was built in 1951. This address can also be written as 8819 Reading Ave, Los Angeles, CA 90045.
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This listing information is up-to-date as of November 23, 2024. For the most current information, please contact Frank Ponce, (310) 791-6017
