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listing
1 of 8
Residential IncomeFor Sale
$2,995,000
8819 Reading Avenue
Los Angeles, CA 90045
Listed by Anthony Rollins DRE#01260909 arollins00@gmail.com Keller Williams Beverly Hills
MLS: California Regional MLS (CRMLS)
10Beds
7Baths
4,616Sq Ft
Est. Mortgage
$15,560/mo

DO NOT CONTACT THE SELLER. PROPERTY TO BE RE-LISTED IN A FEW WEEKS. 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.

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