8906 Reading Avenue, Los Angeles, CA 90045
- $1,399,000
- 8
- BD
- 4
- BA
- 3,542
- SqFt
- List Price
- $1,399,000
- Status
- ACTIVE
- MLS#
- 26928353
- Year Built
- 1951
- Bedrooms
- 8
- Bathrooms
- 4
- Living Sq. Ft
- 3,542
- Lot Size
- 6,884
- Acres
- 0.16
- Days on Market
- 9
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Stories
- Multi Level
Property Description
Four 2 bedroom 1 bath units in an active Westchester development area. Good cash flow for investor at 13.6 GRM plus monthly expenses are very low. Tenants pay all utilities except for water. Property will not be delivered vacant. Subject to Los Angeles RSO. Four car carport plus uncovered parking spaces for 2 cars. Room to add an ADU. Property went through LAX soundproofing a few years ago with new double pane windows and ventilation. Property in fair condition owned by a contractor who's done upgrades over the years. Sewer line was replaced several years ago. 6,884 SF lot zoned R3-1, with a Medium Residential General Plan land-use designation. ZIMAS identifies the property as a Housing Element Site, within a Tier 3 Transit Oriented Communities (TOC) area, TOIA 2, and within one-half mile of a Major Transit Stop. The property is also identified as being within the Los Angeles Coastal Transportation Corridor Specific Plan. Buyer to cooperate with seller's 1031 exchange. Please call agent for more information. Inside with accepted offer.
Additional Information
- Appliances
- Refrigerator
- Pool Description
- None
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Roof
- Composition, Shingle
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Derrick Ruiz (derrick.ruiz@eXpRealty.com) from Listing Office: eXp Realty of Greater Los Angeles.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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, 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.