8906 Reading Avenue, Los Angeles, CA 90045
List Price: $1.4M
Listing Status: Active
0Days on Market: 0
8 Bedrooms · 4 Bathrooms · 3,542 sq ft
Property Type: ResidentialIncome
Year Built: 1951
Lot Size: 6,884 sq ft
Private Pool: Yes
MLS Number: 26928353
About This Property
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.
Listing provided by: Derrick Ruiz DRE #00919713 888-652-1314 derrick.ruiz@eXpRealty.com, eXp Realty of Greater Los Angeles
Source: CRMLS, MLS #: 26928353
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.