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$2,799,000
36 Days On Site

8819 Reading Avenue
Los Angeles, CA 90045

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
4,616
SqFt
$606
/SqFt
1951
Built
County:
Los Angeles
Listed by Frank Ponce of Coldwell Banker Realty [email protected]

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8819 Reading Avenue8819 Reading Avenue8819 Reading Avenue8819 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.

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Listing Snapshot
Price 
$2,799,000
Days On Site 
36 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,616 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1609 Acres
Year Built 
1951
MLS® Number 
PV24235528
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoPrice changed to $2,799,000
a week agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1609
Garage 
Yes
Garage Spaces 
4
Number Of Stories 
2
Parking 
Assigned
Parking Spaces 
4
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
4616
Stories 
Two
Utilities 
Cable AvailableNatural Gas AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
LAR3
Interior Features
Appliances 
MicrowaveRefrigeratorDryerWasher
Electric 
220 Volts
Fireplace Features 
None
Flooring 
Vinyl
Heating 
Wall Furnace
Interior 
Ceiling Fan(s)
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Exterior Features
Pool Features 
None
Community Features
Building Access 
1
Community Features 
Street LightsSidewalks
Financing Terms Available 
CashConventionalContract1031 Exchange
MLS Area 
C29 - Westchester


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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