NOT LISTED FOR SALE

8755 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,247,000 - $2,478,000

3 Beds
2 Baths
2,855 Sq Ft
$684/Sq Ft Est. Value

Last Sold February 19, 2020

Last sale price $1,600,000 $560 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $12,444/month

125 Days on Market

Highlights

  • Lawn
  • No HOA
  • Laundry Room

About This Home

As of February 2020

Prime Westchester Location Beautiful Bright 3BD 1BA,*Hardwood* Full Appliances*With Outdoor Space To Entertain!

8755 Reading Ave. Los Angeles, Ca 90045

AVAILABLE FOR VIEWING BY APPOINTMENT
Unit is part of a Triplex. Pre-Leasing Unit.
Ready To Move-In

- $2928 Net Monthly Rent
- $3,000.00 Security Deposit O.A.C.

**ADVERTISED PRICING INCLUDES 1 MONTH FREE MOVE-IN SPECIAL - Advertised rate of $2,928 is the net effective rate with current concessions on actual monthly rent (of $3195 with one month free on a 12 month lease.)


No Collections. No Evictions. Good Credit.
Please call to set up an appointment at three1zero nine.nine.seven two,two,01

Key Features:

-3 Bedroom 1 Bath
-Comes with Fridge, Stove, Dishwasher.
-Hardwood Floors throughout.
-Front and Rear Entrance to Apartment
-Patio Area Attached to Rear Entrance of Apartment.
-Includes 1 Car Garage Parking.
-Water and Trash paid for.
-12 Month Lease
-Pet friendly, -Pets Cats Ok with monthly pet rent and deposit required
-Back Patio Area For Entertaining
-Laundry On-Site


Equal Housing Opportunity Provider

This fantastic property is situated on a tranquil residential street in Westchester. Just minutes to Playa Del Rey, Marina, LAX, Howard Hughes Center and the 405.

Last Agent to Sell the Property

Davin Emmons

HomeSmart, Evergreen Realty License #01419145 Listed on: 10/16/2019

HomeSmart, Evergreen Realty

Last Buyer's Agent

Casey Lins

Kidder Mathews of California, Inc. License #01902650

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,049

Year Built

  • Built in 1951

Lot Details

  • 7,192 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 3 Car Garage

Home Design

  • 2,855 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 89
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125015004

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1,500
  • Water Sewer Expense $350
  • New Taxes Expense $100
  • Operating Expense $3,150
  • Gross Income $37,000
  • Net Operating Income $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,049

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 350.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4125015004
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 560.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 7192.00
  • Lot Size Acres: 0.1651

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 37000.00
  • Gross Scheduled Income: 3306.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7192.0000 Square Feet
  • Net Operating Income: 1000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 1700.00
  • Rent Control: Yes
  • Total Expenses: 3150.00

Tax Info

  • New Taxes Expense: 100.00
  • Tax Census Tract: 2772.00
  • Tax Lot: 89
  • Tax Tract Number: 15283

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2019
Closed on
Jan 16, 2020
Sold by
Antoine Gerald M
Bought by
Caloyeras Alexander Peter and Caloyeras John Peter
Seller's Agent
Davin Emmons
HomeSmart, Evergreen Realty
Buyer's Agent
Casey Lins
Kidder Mathews of California, Inc.
List Price
$1,600,000
Sold Price
$1,600,000
Current Estimated Value
$1,952,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,565
Avg. Annual Appreciation
3.71%
Original Mortgage
$1,120,000
Outstanding Balance
$994,164
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$958,401

Purchase Details

Closed on
Nov 18, 2019
Sold by
Deville Properties Llc
Bought by
Antoine Gerald M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Outstanding Balance
$994,164
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$958,401

Purchase Details

Closed on
May 1, 2017
Sold by
Antoine Gerald M
Bought by
Deville Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2017
Sold by
Chow Robert
Bought by
Deville Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2007
Sold by
Lee Sally Scales and The Mary Louise Scales 1995 Tr
Bought by
Chow Robert

Purchase Details

Closed on
Nov 15, 1995
Sold by
Scales Mary Louise
Bought by
Scales Mary Louise and The Mary Louise Scales 1995 Trust
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
Caloyeras Alexander Peter $1,600,000 Fidelity National Title Co
Antoine Gerald M -- Accommodation
Deville Properties Llc -- Wfg National Title Company
Antoine Gerald M -- Wfg National Title Company
Deville Properties Llc $1,020,000 Fidelity National Title
Chow Robert $725,000 Stewart Title Of California
Scales Mary Louise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caloyeras Alexander Peter $1,120,000
Previous Owner Antoine Gerald M $539,000
Previous Owner Deville Properties Llc $510,000
Previous Owner Scales Mary Louise $544,185
Previous Owner Scales Mary Louise $80,000
Previous Owner Scales Mary Louise $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Price Changed $2,562 -12.5% $2 / Sq Ft
08/09/2024 08/09/24 Price Changed $2,928 -21.9% $3 / Sq Ft
05/25/2024 05/25/24 For Rent $3,750 0.0% --
02/19/2020 02/19/20 Sold $1,600,000 0.0% $560 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
10/16/2019 10/16/19 For Sale $1,600,000 -- $560 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,049 $1,749,831 $1,093,645 $656,186
2024 $21,049 $1,715,521 $1,072,201 $643,320
2023 $20,644 $1,681,884 $1,051,178 $630,706
2022 $19,688 $1,648,907 $1,030,567 $618,340
2021 $19,443 $1,616,576 $1,010,360 $606,216
2020 $13,432 $1,082,431 $848,966 $233,465
2019 $12,903 $1,061,208 $832,320 $228,888
2018 $12,758 $1,040,400 $816,000 $224,400
2016 $9,921 $809,591 $665,746 $143,845
2015 $7,541 $609,777 $495,700 $114,077
2014 $7,702 $607,543 $495,700 $111,843
Source: Public Records

Agents Affiliated with this Home

  • Davin Emmons

    Seller's Agent in 2020

    Davin Emmons

    HomeSmart, Evergreen Realty

    (949) 874-8961

    1 in this area

    161 Total Sales

    Section Image

  • C

    Buyer's Agent in 2020

    Casey Lins

    Kidder Mathews of California, Inc.

    (714) 333-6768

    1 Total Sale

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20036160

California Regional Multiple Listing Service (CRMLS)

APN: 4125-015-004

California Los Angeles County Los Angeles 90045 Westchester

8755 Reading Ave, Los Angeles, CA

This home is located at 8755 Reading Ave, Los Angeles, CA 90045 since 16 October 2019 and is currently estimated at $1,952,565, approximately $683 per square foot. This property was built in 1951. 8755 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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