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8906 Reading Avenue

Los Angeles CA 90045

8
4
7
3542 sq. ft.
6884 sq. ft.
Other
Currently for sale - view listing

Overview

Four 2 bedroom 1 bath units in an active Westchester development area. Good cash flow for investor at 13.6 GRM plus monthly expenses are very low. Tenants pay all utilities except for water. Property will not be delivered vacant. Subject to Los Angeles RSO. Four car carport plus uncovered parking spaces for 2 cars. Room to add an ADU. Property went through LAX soundproofing a few years ago with new double pane windows and ventilation. Property in fair condition owned by a contractor who's done upgrades over the years. Sewer line was replaced several years ago. 6,884 SF lot zoned R3-1, with a Medium Residential General Plan land-use designation. ZIMAS identifies the property as a Housing Element Site, within a Tier 3 Transit Oriented Communities (TOC) area, TOIA 2, and within one-half mile of a Major Transit Stop. The property is also identified as being within the Los Angeles Coastal Transportation Corridor Specific Plan. Buyer to cooperate with seller's 1031 exchange. Please call agent for more information. Inside with accepted offer.

Features

8 bedrooms
4 bathrooms
7 carspaces
3 open car spaces
3542 sq. ft. floor area
6884 sq. ft. lot size
Other

Happy sellers in Los Angeles

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Local market activity for 8 bedroom other properties in Los Angeles

In the last 12 months, 1 eight-bedroom other similar to 8906 Reading Avenue, have been sold.

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