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. The building boasts 3 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing, a new roof, 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
5
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.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of November 17, 2024. For the most current information, please contact Frank Ponce, (310) 791-6017
