$1,349,000
Presenting a rare opportunity to acquire a premier residential asset in one of Westside Los Angeles’ most resilient submarkets. Held by the same ownership for over a quarter-century, 8912 Reading Avenue represents a strong addition to any portfolio, combining immediate cash-flow stability with significant medium-term appreciation including development and owner/user potential. This 4-plex features a high-demand mix of spacious 2-bedroom, 1-bathroom floor plans. These units are perfectly scaled to capture the Silicon Beach professional, LMU faculty/student base, and the aerospace workforce. This particular pocket is booming with new developments from institutional grade builders. The property currently grosses almost $90k annually with over 35% rental upside and sits on a generous 6,944 sf lot with 3,542 sf of building per the assessor.
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Listed by Ian Petas with Keller Williams Realty (310) 375-3511
Property Type
Apartment
Status
Active
MLS Number
SB26068023
Year Built
1951
Lot Size
6,887 sq ft