8906 Reading Ave, Los Angeles, CA 90045
- $1,399,000
- 8
- BD
- 4
- BA
- 3,542
- SqFt
- List Price
- $1,399,000
- MLS#
- 26928353
- Year Built
- 1951
- Bedrooms
- 8
- Bathrooms
- 4
- Living Sq. Ft
- 3,542
- Lot Size
- 6,884
- Lot Location
- None
- Days on Market
- 10
- Property Type
- Multifamily
- Style
- Mid-Century
- Stories
- 2
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
- Lot Description
- 2-4 Lots, Curbs
- Other Buildings
- None
- Pool Description
- None
- Heat
- Wall Gas
- Cooling
- None
- View
- None
- Exterior Construction
- Stucco
- Number of Cars in Garage
- Carport Attached, Uncovered
- Water
- District
Mortgage Calculator
Courtesy of eXp Realty of Greater Los Angeles, Derrick Ruiz - CA DRE#00919713
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