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$7,099,999
140 Days Online

8732 Reading Avenue
Los Angeles, CA 90045

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Brice Head of CBRE, Inc.

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 310-902-7214
Is this the home for you? We can help make it yours.
310-902-7214
8732 Reading Avenue8732 Reading Avenue8732 Reading Avenue8732 Reading Avenue
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JUST REDUCED $700K! DELIVERABLE UNDER REPLACEMENT VALUE! 2015-construction in Westchester!. Massive, 14,668 sq. ft. fully-secured "lobby" building with elevator and on-grade parking structure (20 striped spots). All units have A/C and forced-air heat & are separately-metered for ALL utilities, including water! The seller self-manages and does not typically raise rents, after move-in, leaving a lot of unrealized upside for a Buyer. The 2015-construction means NO rent control of any kind for another 8 years. IMMEDIATE UPSIDE that is actionable now, for and investor, unlike 99% of other apartment buildings in the state, subject to LA RSO or AB 1482. And massive upside in the future through potential condo conversion, with condos in Westchester/MDR/PDR averaging $1,033,000!

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Listing Snapshot
Price 
$7,099,999
Days Online 
140 Days
Bedrooms 
N/A
Inside Area (SqFt) 
14,668 sqft
Total Baths 
18
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.266 Acres
Year Built 
2015
MLS Number 
22215141
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
4 months agoPrice changed to $7,099,999
4 months agoPrice changed to $7,400,000
5 months agoListing first seen online
General Features
Parking 
Side By Side
Parking Spaces 
20
Number of Stories 
3
Acreage 
0.266
Zoning 
LAR3
Listing Conditions 
Standard
Interior Features
Heating 
Forced Air
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Community Features
Senior Community 
No
MLS Area 
C29 - Westchester


This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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