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Listed by Ian Petas, DRE #01445698 • Keller Williams Realty
$1,349,000
Est. payment /mo
6,885 Sqft Lot
Active
8912 Reading Los Angeles, CA 90045
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26068023
Year Built 1951
Lot Size 6,885 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Back on the market, buyer failed to perform! - Presenting a rare opportunity to acquire a premier residential asset in one of Westside Los Angeles' most resilient submarkets. Held by the same ownership for over a quarter-century, 8912 Reading Avenue represents a strong addition to any portfolio, combining immediate cash-flow stability with significant medium-term appreciation including development and owner/user potential. This 4-plex features a high-demand mix of spacious 2-bedroom, 1-bathroom floor plans. These units are perfectly scaled to capture the Silicon Beach professional, LMU faculty/student base, and the aerospace workforce. This particular pocket is booming with new developments from institutional grade builders. The property currently grosses almost $90k annually with over 35% rental upside and sits on a generous 6,944 sf lot with 3,542 sf of building per the assessor.
Location
State CA
County Los Angeles
Area C29 - Westchester
Interior
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 4125017005
Special Listing Condition Not Applicable
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