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Reading Ave, Los Angeles, Home For Sale
8819 Reading Ave, Los Angeles, California, 90045

Reading Ave, Los Angeles, Home For Sale

house for sale
Listed: 07/07/24

8819 Reading Ave, Los Angeles, California, 90045

8 Bed:
6 Bath:
3,911 Sq Ft Living Area:
Save
Price
$ 2,2M

About This House

8819 Reading presents a significant value-add opportunity to acquire a 6-unit apartment building in the Westchester neighborhood of Los Angeles. The property is fully leased, with 3 of the 6 units having recently been fully renovated and are now achieving a significant rent premium compared to the unrenovated units on the property. The sale of the property also includes RTI plans for a 2 Bedroom ADU. Recent building upgrades include: replaced roof, installed dual-pane windows, copper plumbing, and painted the exterior of the building. Westchester has received a large overflow of residents seeking less expensive luxury living near their places of employment, providing new ownership the opportunity to continue the value-add renovations at 8819 Reading and capitalize on the increasing demand for premium finishes in this rental market.

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Los Angeles Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
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In June 2024, the asking price for 1 bed houses for sale in/near Los Angeles, United States averaged $932,981, a decrease of 41.3% from the previous month.
Median price trends for properties for sale in Los Angeles, United States as of June 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.