8732 Reading Ave

Los Angeles, CA, 90045

$7,099,999

$484 per ft²
$7,099,999
$484 per ft²
Active
Active
 - For Sale
baths
18 Baths
carpenters-square
14,668 ft²
property_type
Multi-family
calendar
Built 2015
JUST REDUCED $700K! DELIVERABLE UNDER REPLACEMENT VALUE! 2015-construction in Westchester!. Massive, 14,668 sq. ft. fully-secured "lobby" building with elevator and on-grade parking structure (20 striped spots). All units have A/C and forced-air heat & are separately-metered for ALL utilities, including water! The seller self-manages and does not typically raise rents, after move-in, leaving a lot of unrealized upside for a Buyer. The 2015-construction means NO rent control of any kind for another 8 years. IMMEDIATE UPSIDE that is actionable now, for and investor, unlike 99% of other apartment buildings in the state, subject to LA RSO or AB 1482. And massive upside in the future through potential condo conversion, with condos in Westchester/MDR/PDR averaging $1,033,000!
MLS® ID:
22-215141
Listed:
11/2/22
Updated:
12/7/22

Interior Features

Total Bedrooms
0
Total Bathrooms
18
Cooling
Air Conditioning
Heating
Forced Air

Exterior/Building Features

Lot Size
0.27 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Side By Side
Parking Total
20.0
View
N
County
Los Angeles
Pool
No
Total Stories
3
Zoning
LAR3

Property History

Date
Event
Price
Value
12/6/22
Price Change
$7,099,999
-4%
12/2/22
Price Change
$7,400,000
-5%

Courtesy of CBRE, Inc., Brice Head,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Kris Zacuto shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 12/7/22

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