8944 READING Avenue, Los Angeles, CA 90045
Property · 2 recorded sales since 2017
Sold April 2022
Listing Agent: Glenn Rosten (DRE #00300101) · Listing Office: Glenn Rosten · Contact: 310-216-4390 · Bought with: Mike Hilton · Hilton Properties Inc · MLS #22130531 · Source: CRMLS
About this property
8944 Reading Avenue offers a unique opportunity to acquire a one-of-a-kind six unit multifamily asset located in the highly sought after submarket of Westchester. Westchester has experienced dramatic rental appreciation in recent years due to its limited supply, strategic location adjacent to tech centers such as El Segundo, West LA & Culver City, its temperate climate, and nearby beaches. The property boasts above standard sized units and provides a diverse mix consisting of one (1) - 2 bedroom/2 bath, one (1) - 2 bedroom/1 bath, and four (4) - 1 bedroom & 1 baths creating a diverse tenant pool for an owner to draw from. Two of the six units have been recently remodeled, one of which (2 bedroom/2 bath) features custom concrete poured flooring, new stainless steel appliances, washer & dryer, HVAC split unit & private garage. Additionally, with its R3 zoning and oversized lot the property could potentially allow a savvy investor the ability to add value by new development, addition of units, or increased cash flow with turnover and renovation as rents are well below market rates. 8944 Reading Avenue and the surrounding area afford residents easy access to major amenities such as Trader Joe's, Ralphs Market, Westchester Golf Course and Driving Range, LMU, SOFI Stadium, The Forum, eateries and entertainment such as Truxton's American Bistro, The Coffee Company, Starbucks and In & Out, and easy access to all major freeways. Do not disturb tenants. All showings conducted upon accepted offer. Broker/Agent does not guarantee the accuracy of square footage, lot size or other information concerning the condition r features of the property. Buyer is advised to to independently verify the accuracy of that information through personal inspection and with appropriate professionals to satisfy themselves.
Listing description from the April 2022 sale, as reported to CRMLS.
Sale history
