8893 Reading Avenue, Los Angeles, CA 90045

About this property

This turnkey asset in Westchester is offered at $318,750 per unit. The 2,829 SF building on a 7,068 SF street-to-alley lot features (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, with a current 5.37% cap rate and 12.66 GRM, with additional upside through ADU development. The interiors are fully upgraded with quartz countertops, shaker cabinets, new flooring, recessed lighting, stainless steel appliances, and an on-site coin-operated laundry room. Additional improvements include upgraded electrical panels, plumbing systems, and tankless water heaters. The property also features (2) detached two-car garages, offering potential ADU conversion (buyer to verify). Zoned LAR3 with TOC Tier 3, the asset presents strong development potential in a rapidly growing Westchester submarket. Tenants enjoy convenient parking and a prime location near LAX, Playa Vista, and Silicon Beach, with easy access to major employment hubs, retail, and transit. 8893 Reading Ave represents a turnkey opportunity with strong returns and future upside in one of Los Angeles’ most sought-after rental markets.

Listing description from the May 2026 sale, as reported to CRMLS.

Sale history

$1,200,000

Sold May 2026 · listed $1,275,000, on market March 2026 · MLS #SB26067928 · Source: CRMLS

Listing Agent: Ryan Versfelt · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-748-1445 · Bought with: Ryan Versfelt · Lyon Stahl Investment Real Estate, Inc.

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