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Listed by Frank Ponce • Coldwell Banker Realty
$ 2,099,000
Est. payment /mo
Price Dropped by $50K
8819 Reading Los Angeles, CA 90045
7,008 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPV25225113
Style Contemporary
Year Built 1951
Lot Size 7,008 Sqft
Source California Regional MLS
Property Description
A Rare Corner of Promise - Just Beyond the Beaten Path In a quiet pocket of the city, where the pulse of Los Angeles hums with purpose - near the thrum of SoFi Stadium, the runways of LAX, the innovation of Silicon Beach, and the coastal hush of the South Bay - stands a property built not just of wood and stone, but of opportunity. This 7-unit building, solid and steadfast, has weathered time with grace and has recently been granted new life: over $400,000 in thoughtful improvements - copper plumbing that sings with water's flow, dual-pane windows that hold back the din of the outside world, and a foundation made firmer than before. A fresh coat of paint now dresses its exterior, while the land around it breathes easier, newly landscaped. Among its offerings, a brand-new, fully permitted 2-bedroom/1-bath ADU - not merely an accessory, but a home in itself - joins the ranks of four newly remodeled units. Altogether, the property brings in a hearty $182,688 in gross income, with the potential to climb another 37.34%. And with a Tier 3 TOC Density Bonus and a 7,008 sq ft R3 lot, the future whispers promises of more - more units, more income, more value. Investors, take note: this is not just an address. It is a stake in one of the most stable rental markets in Los Angeles, where
Location
State CA
County Los Angeles
Area C29 - Westchester
Rooms
Kitchen Microwave, Refrigerator
Interior
Heating Wall Furnace
Cooling None
Laundry Washer, Dryer
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool 31, None
View None
Roof Type 2
Building
Water District - Public
Architectural Style Contemporary
Others
Tax ID 4125014002
Special Listing Condition Not Applicable
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