8819 Reading Ave, Los Angeles, CA 90045

$2,199,000
8
BD
6
BA
3,911
SqFt
List Price
$2,199,000
MLS#
24-375501
Year Built
1951
Bedrooms
8
Bathrooms
6
Living Sq. Ft
3,911
Lot Size
7,008
Days on Market
15
Property Type
Multifamily
Stories
2

Property Description

8819 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.

Additional Information

Other Buildings
None
Heat
Wall
Cooling
Window Unit(s)
Number of Cars in Garage
Garage, Carport

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Calculator source: Real Geeks

Courtesy of Berkadia, Steffan Braunlich - CA DRE#01859098

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