$1,749,000
$116K PRICE DROP

8807 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated payment $11,036/month

Total Views 1,325
5 Beds
4 Baths
2,916 Sq Ft
$600 Price per Sq Ft

Highlights

  • 24-Hour Security
  • 4 Car Attached Garage
  • Attached Carport
  • Traditional Architecture
  • 1-Story Property
  • Central Heating

About This Home

Very desirable 4plex in Westchester area. Uniquely designed one level ( 3 ) 1/1 each with its own private yard. The back alley has a separate building for all 4 garages. the 4th unit is A very spacious (split level ) & upgraded 2/2 situated above the back (detached) building. Additionally, the property has an approved ADU ready to be issued and fully paid for. This is also a significant advantage for potential buyers looking to maximize income or expand the property. Total income is $117,864.00 Per year with a potential income of $24K with the ADU project. This is a Very well maintained property with high monthly income. Ideal location close LAX, Freeways, Shops & Business centers. Don't miss this one!

Listing Agent

Heba Abulazm

Real Estate Source, Inc. License #01391926 Listed on: 09/04/2025

Real Estate Source, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,160

Year Built

  • Built in 1949

Lot Details

  • 7,008 Sq Ft Lot
  • Gated Home

Home Design

  • Traditional Architecture
  • Split Level Home

Interior Spaces

  • 2,916 Sq Ft Home
  • 1-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Remodeled Bathroom
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer

Parking

  • 4 Car Attached Garage
  • Attached Carport
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 4125-015-009

Community Details

Overview

  • 2 Buildings
  • 4 Units

Security

  • 24-Hour Security

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,160

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Multi/Split, One
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 2916
  • Lot Acreage: 0.1609
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Bathroom Features: Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Dryer, Dishwasher, Gas Dryer Hookup, Refrigerator
  • Price Per S Q F T: 599.79

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Parking Garage: Garage Is Detached, Parking Space, Carport Attached, Assigned
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central
  • Security: Gated, 24 Hour
  • Water Expense: 3600.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2250.00
  • Maintenance Expense: 3000.00

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 689785
  • Assessed Land Percent: 60
  • Assessed Land Value: 1034677
  • Total Assessed Value: 1724462
  • Assessor Parcel Number: 4125-015-009
  • Lot Size Area: 7008

Rental Info

  • Total Actual Rent: 117864.00
  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity, Cable TV, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.00
  • Number Of Units: 4
  • Type Of Units: 4

Tax Info

  • Tax Expense: 26625.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $21,160 $1,758,950 $1,055,370 $703,580
2024 $21,160 $1,724,462 $1,034,677 $689,785
2023 $20,754 $1,690,650 $1,014,390 $676,260
2022 $19,792 $1,657,500 $994,500 $663,000
2021 $13,066 $1,080,610 $428,880 $651,730
2020 $13,197 $1,069,531 $424,483 $645,048
2019 $12,676 $1,048,560 $416,160 $632,400
2018 $12,558 $1,028,000 $408,000 $620,000
2016 $1,477 $98,534 $49,267 $49,267
2015 $1,460 $97,054 $48,527 $48,527
2014 $1,495 $95,154 $47,577 $47,577
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2025 09/27/25 Price Changed $1,749,000 -1.5% $600 / Sq Ft
09/04/2025 09/04/25 For Sale $1,775,000 0.0% $609 / Sq Ft
08/31/2025 08/31/25 Off Market $1,775,000 -- --
07/23/2025 07/23/25 Price Changed $1,775,000 -4.8% $609 / Sq Ft
06/24/2025 06/24/25 For Sale $1,865,000 +14.8% $640 / Sq Ft
06/23/2021 06/23/21 Sold $1,625,000 +1.6% $557 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $1,600,000 0.0% $549 / Sq Ft
05/30/2021 05/30/21 Pending -- -- --
05/25/2021 05/25/21 For Sale $1,600,000 +60.0% $549 / Sq Ft
01/19/2017 01/19/17 Sold $1,000,000 +0.1% $343 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $999,000 -- $343 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Deed -- First American Title Company O
Grant Deed -- First American Title Company O
Deed -- First American Title Company O
Grant Deed $1,625,000 Lawyers Title
Grant Deed $1,000,000 Stewart Title
Grant Deed $3,845,000 Stewart Title
Interfamily Deed Transfer -- Equity Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,218,750 New Conventional
Closed $0 New Conventional
Previous Owner $1,218,750 New Conventional
Previous Owner $750,000 New Conventional
Previous Owner $108,750 No Value Available
Source: Public Records

Source: The MLS

MLS Number: 25556897

The MLS

APN: 4125-015-009

California Los Angeles County Los Angeles 90045 Westchester

8807 Reading Ave, Los Angeles, CA

This home is located at 8807 Reading Ave, Los Angeles, CA 90045 and is currently priced at $1,749,000, approximately $599 per square foot. This property was built in 1949. 8807 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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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Listing Agent
Heba Abulazm
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Real Estate Source, Inc.
(310) 940-1999