8819 Reading Los Angeles, CA 90045
7,008 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV25231622
HOA Y/N No
Year Built 1951
Lot Size 7,008 Sqft
Property Sub-Type Multi Family
Property Description
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 tenants come and stay, and the heartbeat of the Westside and South Bay is but minutes away. The seller, seasoned and serious, offers the added grace of a 1031 exchange at no cost to you — a gesture of goodwill in a city that rarely gives anything away.
This is more than a building. It's a long-term haven for the discerning investor, a place where past effort meets future reward.
Don't let it slip past like so many missed chances. Reach out to receive the full offering memorandum — and see for yourself what happens when location, income, and vision align.
Location
State CA
County Los Angeles
Area C29 - Westchester
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Carport Spaces 4
Fence Partial
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Asphalt
Total Parking Spaces 4
Building
Lot Description 0-1 Unit/Acre, Sprinklers In Front, Landscaped
Story 2
Water Public
Others
Tax ID 4125014002
Acceptable Financing Cash, Conventional, Contract, 1031 Exchange
Listing Terms Cash, Conventional, Contract, 1031 Exchange
Special Listing Condition Standard
