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8819 Reading Avenue

PRICE: $2,849,000

8819 Reading Avenue
Los Angeles, CA 90045

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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We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 8819 Reading Avenue, Los Angeles, CA 90045. We are reviewing your request and will be in touch shortly!
Frank Ponce

Realtor®

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

Features & Amenities

View additional property information below.

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: $2,849,000
Maintenance Fee: $2,800/mo
Zoning: LAR3

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“This exceptional 7-unit building offers an unbeatable investment opportunity.”
Ponce Real Estate Group

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