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Backup Offers

9038 Reading Ave, Los Angeles, CA, 90045

$1,200,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Baths
2,364 SqFt
$508/SqFt
House

Location

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9038 Reading Ave, Los Angeles$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Garage3 spaces
Year Built1950
HeatingWall Furnace
MLS #24412899
Lot Size0.16 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 9038 Reading Ave

We are pleased to present an exceptional investment opportunity in the heart of Westchester. This triplex, featuring two one-bedroom, one-bath units and one two-bedroom, one-bath unit, offering immediate rental income for investors and owner-users. Notably, one of the one-bedroom units, currently vacant, has been completely renovated with a new kitchen and fixtures, new bathroom and fixtures, new cabinets, new sink, new floors, new ceiling fans, new closet doors, new faux wood blinds, and new lighting throughout. Additionally, the property offers three single-car garages, all located in a separate structure, which is ripe for an ADU conversion, subject to state and local laws. The property is also available with the adjacent property at 9030 Reading, which can be sold individually or together as a development opportunity. The prime location, close to major employers, beaches, new stadium, and vibrant commercial hubs, combines convenience and lifestyle, making it an attractive option for a wide range of potential tenants. Offers subject to inspection.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 2
  • Living Area: 2,364 SqFt

Listing Office:

  • Office Name: Realty Investment Advisors, Inc.
  • Listing Agent: Don Favia

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 3 spaces
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: South from Manchester & Ramsgate intersection.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $508/SqFt

Tax Information:

  • Annual Amount: $12,884
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

9038 Reading Ave vs Los Angeles

121 DAYS ON ROCKET

+83 Days

$1,200,000

+$176.5K More

$508/SqFt

-$133 Less

KEY TAKEAWAY

This property is $176.5K more than the Median Sold Price and $133/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24412899

Listing Office:

  • Office Name: Realty Investment Advisors, Inc.
  • Listing Agent: Don Favia

IDX 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: 11/14/2024, 1:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 11, 2020Home Sold
$1,050,000
Jun 18, 2002Home Sold
$380,000

Tax History

YEARPROP. TAXASSESSMENT
2021$12,884$1,061,138
2020$6,323$513,290
2019$6,185$503,227
2018$6,056$493,360
2017$6,056$483,687

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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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.

Nearby Schools

school-card-donut-503818
4
/10

  • Oak Street Elementary School

  • 633 S Oak St

  • 0.86 miles

  • Public District Grades KG-6

school-card-donut-503819
4
/10

  • Westport Heights Elementary School

  • 6011 W 79th St

  • 0.99 miles

  • Public District Grades KG-5

school-card-donut-503820
7
/10

  • Open Charter Magnet

  • 5540 W 77th St

  • 0.99 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,372. The most common annual income of people living in Los Angeles, CA is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 9038 Reading Ave

What is the listing price of this property?

The listing price of 9038 Reading Ave property is $1,200,000.

What type of property is this?

The property 9038 Reading Ave is a house located in Los Angeles, California, 90045.

Is this property for sale now?

Accepting Backup Offers: 9038 Reading Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,884 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 11, 2020 for $1,050,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 9038 Reading Ave has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 9038 Reading Ave is 2,364 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 9038 Reading Ave is 1950.

Rocket Homes›California›Los Angeles County›Los Angeles›90045›9038 Reading Ave

This home is located at 9038 Reading Ave in Los Angeles, CA and zip code 90045 in the Westchester neighborhood. This 2,364 square foot home, which was built in 1950, sits on a 0.16 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 15, 2024 and is currently priced at $1,200,000.

Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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