$2,199,000
8819 Reading Avenue, Los Angeles 90045
3
Beds
2
Baths
3,911
Square feet
7,008
Lot Size
6
# Of Units
Listing Agent
Steffan Braunlich - Berkadia8819 Reading presents a significant value-add opportunity to acquire a 6-unit apartment building in the Westchester neighborhood of Los Angeles. The property is fully leased, with 3 of the 6 units having recently been fully renovated and are now achieving a significant rent premium compared to the unrenovated units on the property. The sale of the property also includes RTI plans for a 2 Bedroom ADU. Recent building upgrades include: replaced roof, installed dual-pane windows, copper plumbing, and painted the exterior of the building. Westchester has received a large overflow of residents seeking less expensive luxury living near their places of employment, providing new ownership the opportunity to continue the value-add renovations at 8819 Reading and capitalize on the increasing demand for premium finishes in this rental market.
Facts & Features
| MLS® # | 24375501 |
|---|---|
| Price | $2,199,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 3,911 |
| Lot Size | 7,008 |
| Year Built | 1951 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 6 |
Community Information
| Address | 8819 Reading Avenue |
|---|---|
| Area | C29 - Westchester |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90045 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Carport, Garage |
| Garages | Carport, Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Dishwasher, Refrigerator, Dryer, Washer |
| Heating | Wall Furnace |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Additional Information
| Date Listed | April 2nd, 2024 |
|---|---|
| Days on Market | 29 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Steffan Braunlich |
|---|---|
| Office | Berkadia |