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    8939 Reading Avenue

    Los Angeles (City), CA 90045
    • $1,269,000
    • STATUS: Active
    • ON SITE: 168 days
    • ID#: 20577778
    UPDATED: 27 min ago
    $1,269,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2020-10-29T17:31:52.487. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/105846365
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    8939 Reading Avenue Los Angeles (City), CA 90045

    • Price: $1,269,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 20577778
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1950
    Built
    Neighborhood:
    C29 - Westchester
    County:
    Los Angeles
    Area:
    C29 - 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

    Construction Materials Stucco Lot Size Source Assessor Lot Size Units Square Feet Parking Features Detached CarportGarage - Single DoorGarage - Two Door Parking YN Yes Pool Features See Remarks Pool Private YN No Roof CompositionShingle

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks Window Features Double Pane Windows

    Property Features

    Gross Income 53460.00 Gross Multiplier 0.00 Gross Operating Income 53460.00 Insurance Expense 2315.00 Laundry YN Yes Maintenance Expense 800.00 Net Operating Income 38155.00 New Taxes Expense 6700.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 15305.00 Water Sewer Expense 3690.00 Zoning Lar3

    Listing provided courtesy of Alice Plato of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-29T17:31:52.487. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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