9025 Reading Avenue

Los Angeles, CA 90045

$1,187,000
Last Sold Price
7
Beds
6
Baths
3,423 Sq. Ft.
$347 / Sq. Ft.
3,423
Sq. Ft.
$347
per Sq. Ft.

Description

Just reduced by $150,000! | Located in the Highly Desirable Westchester Submarket of Los Angeles | Tremendous Value-Add Potential - Approximately 60% in Rental Upside | 6.78 % Pro-Forma Cap Rate & 11.21 Pro-Forma GRM | Close Proximity to Playa Del Rey, Playa Vista, LAX Airport, Silicon Beach & Inglewood | Approximately 2.5 Miles to Loyola Marymount University, Otis College of Art and Design & SoFi Stadium | Located Near Offices of YouTube, Facebook, Microsoft, IMAX Headquarters, Fox Sports & the...Just reduced by $150,000! | Located in the Highly Desirable Westchester Submarket of Los Angeles | Tremendous Value-Add Potential - Approximately 60% in Rental Upside | 6.78 % Pro-Forma Cap Rate & 11.21 Pro-Forma GRM | Close Proximity to Playa Del Rey, Playa Vista, LAX Airport, Silicon Beach & Inglewood | Approximately 2.5 Miles to Loyola Marymount University, Otis College of Art and Design & SoFi Stadium | Located Near Offices of YouTube, Facebook, Microsoft, IMAX Headquarters, Fox Sports & the Promenade at Howard Hughes Center | Highly Attractive Unit Mix of (Two) 2-Bed/2-Bath Units, (One) 2-Bed/1-Bath Unit & (One) 1- Bed/1-Bath Unit | Gated Common Area, On-Site Laundry Facility & Total of 4 Garage Spaces | Large 7,006-Square Foot Lot | Qualifies for Residential Financing
  1. Listed by David Messiah • DRE #02117893 • Brokerage DRE #01856803 • Shield CRE, Inc.
  2. Listed by Gianluca Jacoli • DRE #01938297 • Brokerage DRE #01856803 • Shield CRE, Inc.

Property Details for 9025 Reading Avenue

Zoning
LAR3
Cross Streets
Reading Avenue & Morley Street
Parcel Number
4125011035
Total Units
4.0
Living Area
3423
Source Living Area
Estimated
Area
Westchester (C29)
Vacancy Rate
0

Location

Listing Courtesy of Shield CRE, Inc., David Messiah, DRE #02117893; Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute
LISTING UPDATED: 10/17/2023 09:37 AM

Property Details for 9025 Reading Avenue

StatusSold
MLS #23-241871
Days on Market245
Taxes$18,438 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.16 AC / 7,006 SF
CountyLos Angeles County

Location

Listing Courtesy of Shield CRE, Inc., David Messiah, DRE #02117893; Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 9025 Reading Avenue

Stories2Residences-Year Built1950Building Size-Lot Size0.16 AC / 7,006 SF

Payment Calculator

$8,014 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,478

Property Taxes

$1,537

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9025 Reading Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2+2|2+1|1+1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $72,315
  • Net Operating Income: $46,917.00
  • Gross Income: $74,533
  • Cap Rate: 3.54%
  • Gross Rent Multiplier: $17.92
  • Actual Annual Gross Rent: $73,920.00
  • Actual Gross Annual Income: $74,533
  • Actual Rent Total: $73,920.00
  • Vacancy Allow Dollar: $2,218.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 25398
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1608
  • Lot Size Square Feet: 7006
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 5
  • Garage Spaces Total: 4
  • Parking Features: Garage
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: Community, Laundry Area, Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-14-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,475.00
  • Unit Actual Rent: $1,475.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,145.00
  • Unit Actual Rent: $1,145.00
  • Unit Projected Rent: $2,575.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,545.00
  • Unit Actual Rent: $1,545.00
  • Unit Projected Rent: $2,075.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.25%
  • Assessed Improvement Value: $137,586.00
  • Assessed Improvement Percent: 71.46
  • Assessed Land Value: $54,956.00
  • Assessed Land Percent: 28.54
  • Assessed Total Value: $192,542.00

Property History for 9025 Reading Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9025 Reading Avenue

Taxable ValueLand$56,055Additions$140,957Total$197,012
Tax Record2023$2,872 ($239 / month)
Home Facts
Total Finished SqFt3,423 SqFtAbove Grade Finished SqFt3,423 SqFtLot Size7,006 SqFtStyleQuadraplexYear Built1950ZoningLAR3CountyLOS ANGELESAPN4125-011-035

Schools near 9025 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
Charter - K to 5
Rating
School
Distance
Westport Heights Elementary School
PublicK to 5

Westchester Enriched Sciences Magnets
Public9 to 12

Open Charter Magnet School
CharterK 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Shield CRE, Inc., David Messiah, DRE #02117893; Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.