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listing
1 of 8
Residential IncomeFor Sale
$2,199,000
8819 Reading Avenue
Los Angeles, CA 90045
Listed by Steffan Braunlich DRE#01859098 steffan.braunlich@berkadia.com Berkadia
MLS: California Regional MLS (CRMLS)
8Beds
6Baths
3,911Sq Ft
Est. Mortgage
$11,451/mo

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.

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