8819 Reading Avenue
8819 Reading Avenue
$2,199,000
8
6
3,911
3,911
$562
Description
8819 Reading presents a significant value-add opportunity to acquire a 6-unit apartment building in the Westchester neighborhood of Los Angeles. The property is fully leased, with 3 of the 6 units having recently been fully renovated and are now achieving a significant rent premium compared to the unrenovated units on the property. The sale of the property also includes RTI plans for a 2 Bedroom ADU. Recent building upgrades include: replaced roof, installed dual-pane windows, copper plumbing, and...8819 Reading presents a significant value-add opportunity to acquire a 6-unit apartment building in the Westchester neighborhood of Los Angeles. The property is fully leased, with 3 of the 6 units having recently been fully renovated and are now achieving a significant rent premium compared to the unrenovated units on the property. The sale of the property also includes RTI plans for a 2 Bedroom ADU. Recent building upgrades include: replaced roof, installed dual-pane windows, copper plumbing, and painted the exterior of the building. Westchester has received a large overflow of residents seeking less expensive luxury living near their places of employment, providing new ownership the opportunity to continue the value-add renovations at 8819 Reading and capitalize on the increasing demand for premium finishes in this rental market.
- Listed by Steffan Braunlich • DRE #01859098 • Brokerage DRE #01308753 • Berkadia
Property Details for 8819 Reading Avenue
Zoning
LAR3
Parcel Number4125014002
Total Units6.0
Living Area3911
Source Living AreaVendor Enhanced
AreaWestchester (C29)
Vacancy Rate0
Lot Size Area7008
Location
LISTING UPDATED: 04/10/2024 12:01 AM
Property Details for 8819 Reading Avenue
Status | Active |
---|---|
MLS # | 24-375501 |
Days on Market | 31 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1951 |
Lot Size | 0.16 AC / 7,008 SF |
County | Los Angeles County |
Location
Building Information for 8819 Reading Avenue
Stories2Residences-Year Built1951Building Size-Lot Size0.16 AC / 7,008 SF
Payment Calculator
$14,090 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8819 Reading Avenue
Property History for 8819 Reading Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8819 Reading Avenue
Taxable ValueLand$1,402,500Additions$612,000Total$2,014,500
Tax Record2023$25,067 ($2,089 / month)
Home Facts
Total Finished SqFt3,911 SqFtAbove Grade Finished SqFt3,911 SqFtLot Size7,006 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningLAR3CountyLOS ANGELESAPN4125-014-002
Schools near 8819 Reading Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Westport Heights Elementary School PublicK to 5 | ||
Orville Wright Engineering And Design Magnet Public6 to 8 | ||
Westchester Enriched Sciences Magnets Public9 to 12 | ||
Vintage Math/Science/Technology Magnet School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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