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    8939 Reading Ave

    Los Angeles, CA 90045
    • $1,279,000
    • STATUS: Active
    • ON SITE: 117 days
    • ID#: 20-577778
    UPDATED: 62 min ago
    $1,279,000
    • 5
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,829
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    Attention Investors, Builders, Developers: Well maintained mid-century 4-plex located in highly desirable westside community of Westchester. Sitting on spacious 7,005 sq ft lot & Zoned R3, this building is only minutes from LAX, the Howard Hughes shopping & entertainment hub, Silicon Beach tech offices in Playa Vista & El Segundo, & the new NFL stadium. Great upside potential in the large lot/land, the structure is currently 2,829 sq ft with 2 2-car detached garages (1 single garage rented, others delivered vacant). Copper plumbing, newer roof, tile & hardwood (under carpet) floors, dual-pane soundproof windows, some upgraded kitchens, central patio. Drive by only, all units tenant occupied. Buyer to be responsible for tenants. Property value is in land. Potential to re-build and grow property with additional units. Incredible rental or sale potential after rebuild of new apartments or town homes with great proximity to tech hub jobs, nightlife, restaurants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-01T08:42:29.127. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106577004
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    8939 Reading Ave Los Angeles, CA 90045

    • Price: $1,279,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 20-577778
    5
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,829
    SQFT
    $452
    $/SQFT
    1950
    Built
    Neighborhood:
    Westchester
    County:
    Los Angeles
    Area:
    Westchester
    Property Description
    Attention Investors, Builders, Developers: Well maintained mid-century 4-plex located in highly desirable westside community of Westchester. Sitting on spacious 7,005 sq ft lot & Zoned R3, this building is only minutes from LAX, the Howard Hughes shopping & entertainment hub, Silicon Beach tech offices in Playa Vista & El Segundo, & the new NFL stadium. Great upside potential in the large lot/land, the structure is currently 2,829 sq ft with 2 2-car detached garages (1 single garage rented, others delivered vacant). Copper plumbing, newer roof, tile & hardwood (under carpet) floors, dual-pane soundproof windows, some upgraded kitchens, central patio. Drive by only, all units tenant occupied. Buyer to be responsible for tenants. Property value is in land. Potential to re-build and grow property with additional units. Incredible rental or sale potential after rebuild of new apartments or town homes with great proximity to tech hub jobs, nightlife, restaurants.
    Exterior Features

    Covered Parking 4 Exterior Construction Stucco Lot Size Area 7005 Other Structures None Parking Garage DetachedGarage - 1 CarGarage - 2 Car Pool Description Other Pool YN Yes Roof CompositionShingle Style Low Rise Total Parking 4

    Interior Features

    Baths Total 4.00 Cooling None Equipment Other Heating Wall Gas Laundry Other Windows Double Pane Windows

    Property Features

    Electric Expense 0.00 Gardener Expense 1800.00 Gross Income 53460 Gross Operating Income 53460 Insurance Expense 2315.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Maintenance Expense 800.00 Monthly Gross Income 4455.00 Net Operating Income 38155.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 15305. Type Of Units Apartments Water In StreetPublic Water Expense 3690.00 Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Alice Plato DRE#01216340 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-01T08:42:29.127. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355