8819 Reading Avenue
Los Angeles, CA 90045
- – beds
- – baths
- – sqft
- 7,006 sqft lot
- 1951 build
- – on site
SELLER IS MOTIVATED - SUBMIT ANY & ALL OFFERS - Located at 8819 Reading Avenue in the highly desirable Westchester neighborhood, this multifamily property offers a prime investment opportunity with significant upside potential. 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. Listed at $2,599,000, the property currently generates $16,356 per month ($196,272 annually) with three vacancies, presenting a rare opportunity for immediate income growth. With a 22% rental upside, the property has the potential to produce $19,900 per month ($238,800 annually) at market rents, achieving a cap rate of 6.31% and a GRM of 10.88. Currently, it operates at a 4.88% cap rate and a GRM of 13.24. The property includes four dedicated parking spaces and ample street parking, ensuring convenience for tenants in an area where parking is a premium. Each unit features in-unit laundry, and the property is well-maintained, with several units in excellent condition and the newly built ADU adding value. 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, 8819 Reading Avenue is a compelling investment in the thriving Westchester market.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Feb 1, 2025
•
MLS# 25486855 —
The Building
-
Year Built:1951
-
New Construction:No
-
Building Area Total:4616.00
-
Total Number Of Units:7
-
# of Buildings:2
-
Stories Total:2
Interior
-
Levels:Multi/Split
-
Laundry:Stackable
-
Laundry:1
Location
-
Directions:On Reading Ave. **USE GOOGLE MAPS OR APPLE MAPS OR A MAP**
-
Latitude:33.95711100
-
Longitude:-118.38188800
The Property
-
Property Type:Residential Income
-
Zoning:LAR3
-
Lot Size Area:7006.0000
-
Lot Size Acres:0.1608
-
Lot Size SqFt:7006.00
-
Lot Size Source:Assessor
Listing Agent
- Contact info:
- No listing contact info available
The Listing
-
Special Listing Conditions:Standard
-
Parcel Number:4125014002
Heating & Cooling
-
Cooling:No
-
Cooling:None
Appliances
-
Included:Yes
The Community
-
Association:No
-
Senior Community:No
-
Assessments:No
Parking
-
Parking:Yes
-
Parking:Driveway, Covered
-
Parking Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/21/25
Jan 21, 2025
|
Listed / Active | CRMLS_CA | $2,599,000 | 31.6% (11.4% / YR) |
|
1/14/25
Jan 14, 2025
|
Price Changed | CRMLS_CA | ||
|
12/29/24
Dec 29, 2024
|
Price Changed | CRMLS_CA |
