NOT LISTED FOR SALE

8718 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,227,000 - $1,447,000

6 Beds
3 Baths
2,418 Sq Ft
$559/Sq Ft Est. Value

Last Sold October 28, 2014

Last sale price $725,000 $300 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $8,813/month

77 Days on Market

About This Home

As of October 2014

Located in a very desirable Westchester area. This large triplex is a great investment opportunity with upside rent potential. It has (3) two bedrooms, 1 bath units and three car garage. Easy access to the 405 fwy, LAX Airport and located just moments from the beach. Property is 100% occupied so please don't disturb tenants. Please call agent for more information. Hurry, this won't last!

Last Agent to Sell the Property

Marc Chorin

ZARA Equity Corp. License #01143383 Listed on: 06/25/2014

ZARA Equity Corp.

Co-Listed By

Fleur Eagle

Compass License #01950775

Last Buyer's Agent

Mesfin Beyene

License #01263478

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,624

Year Built

  • Built in 1949

Lot Details

  • 6,167

Parking

  • 3 Car Attached Garage

Home Design

  • Triplex

Interior Spaces

  • 2,418 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 6,167 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 4125-016-015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,624

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2418
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 299.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Attached, Garage - 3 Car
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Water Expense: 2146.00

Lot Info

  • Assessed Improvement Value: 91200
  • Assessed Land Value: 388800
  • Assessor Parcel Number: 4125-016-015
  • Geocode Override: No
  • Lot Size Area: 6167

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Rent Control: 100%
  • Total Annual Expense: 0
  • Type Of Units: TRIPLEX
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 9375.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2014
Closed on
Sep 12, 2014
Sold by
Kebbeh Pa Omar Njie Abdoul Azizz
Bought by
Abdullahi Fathia A
Seller's Agent
Marc Chorin
ZARA Equity Corp.
Buyer's Agent
Mesfin Beyene
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Current Estimated Value
$1,447,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$722,897
Avg. Annual Appreciation
5.94%
Original Mortgage
$580,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2011
Sold by
Njie Antoinette M
Bought by
Njie Pa Omar and Kebbh Azizz

Purchase Details

Closed on
Dec 3, 2008
Sold by
Badji Ebin Mike
Bought by
Njie Antoinette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$601,425
Interest Rate
5.14%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 24, 2008
Sold by
Wood Victor Ian and Wood Catherine
Bought by
Njie Pa Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$601,425
Interest Rate
5.14%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 1999
Sold by
Mac Innes Trust Mac Innes Elizabeth M Tr Eliz
Bought by
Wood Victor Ian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,273
Interest Rate
6.7%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 1993
Sold by
Macinnes Elizabeth M
Bought by
Macinnes Elizabeth M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Abdullahi Fathia A $725,000 Fidelity National Title
Njie Pa Omar -- None Available
Njie Antoinette M -- Fidelity National Title Co
Njie Pa Omar $660,000 Fidelity National Title Co
Wood Victor Ian $260,000 Equity Title Company
Macinnes Elizabeth M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abdullahi Fathia A $848,000
Closed Abdullahi Fathia A $862,500
Closed Abdullahi Fathia A $582,850
Previous Owner Abdullahi Fathia A $580,000
Previous Owner Njie Pa Omar $601,425
Previous Owner Wood Victor Ian $258,273
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2014 10/28/14 Sold $725,000 -3.3% $300 / Sq Ft
09/10/2014 09/10/14 Pending -- -- --
06/25/2014 06/25/14 For Sale $750,000 -- $310 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,624 $871,334 $630,967 $240,367
2024 $10,624 $854,250 $618,596 $235,654
2023 $10,425 $837,501 $606,467 $231,034
2022 $9,948 $821,080 $594,576 $226,504
2021 $9,817 $804,981 $582,918 $222,063
2019 $9,526 $781,107 $565,629 $215,478
2018 $9,434 $765,792 $554,539 $211,253
2016 $9,012 $736,056 $533,006 $203,050
2015 $8,881 $725,000 $525,000 $200,000
2014 $6,577 $525,000 $425,300 $99,700
Source: Public Records

Agents Affiliated with this Home

  • Marc Chorin

    Seller's Agent in 2014

    Marc Chorin

    ZARA Equity Corp.

    (424) 777-9040

    2 in this area

    16 Total Sales

    Section Image

  • F

    Seller Co-Listing Agent in 2014

    Fleur Eagle

    Compass

  • M

    Buyer's Agent in 2014

    Mesfin Beyene

See All Agents

Map

Source: The MLS

MLS Number: 14-773007

The MLS

APN: 4125-016-015

California Los Angeles County Los Angeles 90045 Westchester

8718 Reading Ave, Los Angeles, CA

This home is located at 8718 Reading Ave, Los Angeles, CA 90045 since 25 June 2014 and is currently estimated at $1,351,754, approximately $559 per square foot. This property was built in 1949. 8718 Reading Ave is a home located in Los Angeles County with nearby schools including Westport Heights Elementary, Wright Middle School STEAM Magnet, and Westchester Enriched Sciences Magnets.

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