Listed by Brice Head, CBRE, Inc.,

8819 Reading Avenue

Los Angeles, CA, 90045

$2,385,000

$609 per ft²
$2,385,000
$609 per ft²
Active
Active
 - For Sale
baths
6 Baths
carpenters-square
3,911 ft²
property_type
Multi-family
calendar
Built 1951
"A pride-of-ownership deal meets value-add deal" in the Westside's hidden gem of Westchester - only minutes to LAX and SoFi Stadium and a bedroom community to the Westside's biggest employers in Silicon Beach and West LA. The subject property affords an investor the best of both worlds. In addition to existing dual-pane windows, copper plumbing, and washer/dryer hookups in ALL units, the building recently had extensive roof ($19K+), foundation ($16K+) and paint upgrades ($11K+) as well as 3 units extensively renovated - 2 done in last 2 months! Subway tile, new cabinetry, flooring, fixtures, stone surfaces, you name it. The reimaging of the facade and landscaping give the asset a very approachable, clean appeal. Two ADUs, in the garages, can be added. Lastly, Tier 3, TOC Density Bonus allows for aggressive redevelopment! AND the Seller will allow potential Buyers to speak with tenants about "cash for keys" during escrow.
MLS® ID:
22223217
Listed:
12/5/22
Updated:
2/2/23

Interior Features

Total Bedrooms
0
Total Bathrooms
6
Cooling
None
Heating
Forced Air

Exterior/Building Features

Lot Size
7,006 ft² lot

Other Property Details

Area Name
C29 - Westchester
Garage
Yes
Parking
Garage
Parking Total
6.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3
Buyer Agency Compensation
2.000

Listed by CBRE, Inc., Brice Head,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 2/2/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 8:18 PM UTC, 2/2/23

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