8819 Reading Ave

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 home located at 8819 Reading AVE is currently active and has been available on pardeeproperties.com for 18 days. This property is listed at $2,824,000. It has 5 beds and 3 bathrooms. The property was built in 1951. 8819 Reading AVE is in the Westchester community of Los Angeles County.

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