Los Angeles, CA 90045,8922 Reading AVE
Los Angeles, CA 90045,8922 Reading AVE
$2,300,000
Est. payment /mo
$2,450,000
6.1%
Est.Price: ?

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16 Beds
8 Baths
7,084 SqFt
SOLD DATE : 01/12/2024

Key Details

Sold Price $2,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,084 sqft

Price per Sqft $324

MLS Listing ID 23260239

Sold Date 01/12/24

Bedrooms 16

HOA Y/N No

Year Built 1951

Lot Size 0.316 Acres

Property Description

We are excited to showcase this unique, fully vacant eight-unit property in the heart of Westchester, Los Angeles. An exceptional opportunity for value-add investors and owner-users, the building offers eight spacious two-bedroom one bath units that are primed for renovation. The potential to add Accessory Dwelling Units (ADUs), subject to state and local laws, offers an additional avenue for enhancing the value and revenue of this property. The opportunity to rent at market-rate rentals post-Ellis Expiration on November 3, 2023, provides an appealing prospect in the thriving rental market of Westchester. With its close proximity to major employers, recreational venues, and esteemed educational institutions, this property is ideally positioned to attract a diverse tenant pool. This unique offering presents a rare opportunity to invest and establish a presence in one of LA's most in-demand neighborhoods, capitalizing on the building's current vacancy and potential for transformation.

Location

State CA

County Los Angeles

Area C29 - Westchester

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Total Parking Spaces 8

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4125017020

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Benjamin J. Hsiang • Realty Investment Advisors, Inc.
Bought with Out of Area Out of Area • Out of Area

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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