8819 Reading Avenue

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Prime Location Alert. Just minutes from Sofi Stadium, LAX, Silicon Beach, West LA, and the South Bay, this exceptional 7-unit building offers an unbeatable investment opportunity. Featuring a nearly finished, brand-new 2bd/1ba permitted ADU, this property is already generating a substantial $191,088 in gross income--with a 20.13% upside potential in rents. There were over $400,000 in upgrades.

The building boasts 4 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing, new foundation work, fresh exterior paint, and updated landscaping. Plus, with a Tier 3 Transit Oriented Communities Density Bonus (TOC), the 7,008 sq ft R3 lot offers exciting future development potential.
This property is ideal for investors looking for a stable rental market and unparalleled access to premier Westside and South Bay attractions. The seller is willing to do a 1031 exchange at no cost to the buyer, making this deal even more attractive.

Don't miss out on this incredible long-term investment opportunity! Contact us for the offering memorandum.

Living Area 4,616 Sq.Ft.
Status For Sale

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Thank you for your interest in 8819 Reading Avenue, Los Angeles, CA 90045. We are reviewing your request and will be in touch shortly!

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Phone: (310) 503-4158
Email: [email protected]

Features & Amenities

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Interior

Flooring: Vinyl

Fireplace: None

Appliances: Microwave, Refrigerator, Dryer, Washer

Other Interior Features: Ceiling Fan(s), All Bedrooms Down

Exterior

Stories: 2

Garage Space: 4.0

Water Source: Public

Utilites: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Pool: None

Lot Features: 0-1 Unit/Acre

Parking: Assigned

Heat Type: Wall Furnace

AIR Conditioning: None

Sewer: Public Sewer

Disability Features: None

Area & Lot

Status: For Sale

Living Area: 4,616 Sq.Ft.

Lot Area: 7,008 Sq.Ft.

MLS® ID: PV24235528

Type: Condo

Year Built: 1951

Financial

Sales Price: $2,799,000

Maintenance Fee: $2,800/mo

Zoning: LAR3

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PRICE: $2,799,000

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Frank Ponce

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