8819 Reading Avenue
Los Angeles, CA 90045
- – beds
- – baths
- – sqft
- 7,008 sqft lot
- 1951 build
- – on site
SELLER IS MOTIVATED - MAJOR PRICE REDUCTION - Located at 8819 Reading Avenue in the highly desirable Westchester neighborhood, this multifamily property offers a prime investment opportunity with significant upside potential. Currently 3 vacancies for new buyer to take advantage of. 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. With 3 current vacanies this presents a rare opportunity for immediate income growth. With a 22% rental upside, the property has the potential to produce $19,460 per month ($236,820 annually) at market rents, achieving a cap rate of 7.54% and a GRM of 9.69. Currently, it operates at a 5.63% cap rate and a GRM of 11.97. The property includes four dedicated parking spaces and ample street parking, ensuring convenience for tenants in an area where parking is a premium. 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. *** Please click property website link for floor plans.
Last checked:
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Last updated Apr 19, 2025
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MLS# 25527413 —
The Building
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Year Built:1951
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New Construction:No
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Building Area Total:4616.00
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Total Number Of Units:7
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# of Buildings:2
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Stories Total:2
Interior
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Levels:Two
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Laundry:Dryer Included
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Laundry:1
Location
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Directions:On Reading Ave. **USE GOOGLE MAPS OR APPLE MAPS OR A MAP**
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Latitude:33.95711100
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Longitude:-118.38188800
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:7008.0000
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Lot Size Acres:0.1609
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Lot Size SqFt:7008.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4125014002
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Appliances:Dishwasher, Disposal, Microwave, Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Carport
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 |
|---|---|---|---|---|
|
4/19/25
Apr 19, 2025
|
Listed / Active | CRMLS_CA | $2,295,000 | 16.2% (5.4% / YR) |
|
3/5/25
Mar 5, 2025
|
Price Changed | CRMLS_CA | ||
|
2/13/25
Feb 13, 2025
|
Price Changed | CRMLS_CA |
