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Mike And Mary Jafarkhani

[email protected] +1(949) 533-5040

$ 2,995,000

Est. payment -/mo

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Active

8819 Reading AVE Los Angeles, CA 90045

10 Beds

7 Baths

4,616 SqFt

UPDATED:

10/11/2024 01:05 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,616 sqft

Price per Sqft $648

MLS Listing ID 24446297

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1951

Lot Size 7,008 Sqft

Acres 0.1609

Property Description

Conveniently located minutes to Sofi, LAX, Silicon Beach, West LA, and the South Bay, this 7-unit building with an almost completed, BRAND NEW 2bd/1ba permitted ADU, is generating $191,092 in gross income w/ 19% upside in rents. In addition to 3 recently remodeled units, the list of building upgrades includes dual pane windows, copper plumbing, a new roof, foundation work, exterior painting, and landscaping. There is also a Tier 3 TOC Density Bonus for future development potential of the 7,008 sq ft R3 lot. This property is a great opportunity and long-term play for a buyer looking to be in a stable rental area with proximity and access to some of the best Westside and South Bay attractions. Seller to do a 1031 exchange at no cost to buyer.

Location

State CA

County Los Angeles

Area C29 - Westchester

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Appliance Microwave, Refrigerator, Dryer, Washer

Exterior

Garage One Space, Uncovered

Pool None

View Y/N No

View None

Roof Type Composition

Parking Type One Space, Uncovered

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Sewer Other

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4125014002

Financing Cash

Special Listing Condition Standard

Listed by Anthony Rollins • Keller Williams Beverly Hills

Mike And Mary Jafarkhani

Broker Associate | License ID: 00999447

+1(949) 533-5040

Mike And Mary Jafarkhani

8819 Reading AVE Los Angeles, CA 90045

Key Details

Location

Interior

Exterior

Building

Others

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8819 Reading AVE