Prime Location Alert. Just minutes from Sofi Stadium, LAX, Silicon Beach, West LA, and the South Bay, this exceptional 7-unit building offers an unbeatable investment opportunity. Featuring a nearly finished, brand-new 2bd/1ba permitted ADU, this property is already generating a substantial $191,088 in gross income—with a 20.13% upside potential in rents. There were over $400,000 in upgrades. The building boasts 4 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing, new foundation work, fresh exterior paint, and updated landscaping. Plus, with a Tier 3 Transit Oriented Communities Density Bonus (TOC), the 7,008 sq ft R3 lot offers exciting future development potential. This property is ideal for investors looking for a stable rental market and unparalleled access to premier Westside and South Bay attractions. The seller is willing to do a 1031 exchange at no cost to the buyer, making this deal even more attractive. Don’t miss out on this incredible long-term investment opportunity! Contact us for the offering memorandum.
This property is $1.7M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PV24235528
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (310) 503-4158
Listing Agent: Frank Ponce
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 7:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$17,880
$1,447,471
2020
$17,369
$1,432,630
2019
$17,260
$1,404,540
2018
$16,851
$1,377,000
2017
$16,851
$1,350,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Westport Heights Elementary School
6011 W 79th St
Distance between this listing and this school0.79 miles
Public District Grades KG-5
7
/10
Open Charter Magnet
5540 W 77th St
Distance between this listing and this school0.80 miles
Public Charter Grades KG-5
4
/10
Oak Street Elementary School
633 S Oak St
Distance between this listing and this school0.90 miles
Public District Grades KG-6
Nearby Schools
4
/10
Wright Middle School - STEAM Magnet
6550 W 80th St
Distance between this listing and this school1.50 miles
Public Magnet Grades 6-8
7
/10
Wish Community
6550 W 80th St
Distance between this listing and this school1.53 miles
Public Charter Grades KG-8
3
/10
Crozier Elementary School
1210 W Regent St
Distance between this listing and this school1.54 miles
Public District Grades 7-8
Nearby Schools
2
/10
Inglewood Continuation High School
441 W Hillcrest Blvd
Distance between this listing and this school1.08 miles
Public District Grades 9-12
2
/10
Inglewood High School
231 S Grevillea Ave
Distance between this listing and this school1.51 miles
Public District Grades 9-12
7
/10
City Honors International Preparatory High School
120 W Regent St
Distance between this listing and this school1.54 miles
The neighbors living near this home have an average income of $64,372. Typical income of Los Angeles, CA residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8819 Reading Ave
What is the listing price of this property?
The listing price of 8819 Reading Ave property is $2,799,000.
What type of property is this?
The property 8819 Reading Ave is a condo located in Los Angeles, California, 90045.
Is this property for sale now?
Active Listing: 8819 Reading Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $17,880 (source: MLS/based on county public records data).
Which year was this property built?
The year of construction for 8819 Reading Ave is 1951.
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This home is located at 8819 Reading Ave in Los Angeles, CA and zip code 90045 in the Westchester neighborhood. This home, which was built in 1951, sits on a 0.16 acre lot. It has been listed on Rocket Homes since November 17, 2024 and is currently priced at $2,799,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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