NOT LISTED FOR SALE

8807 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,479,000 - $1,824,278

5 Beds
5 Baths
2,916 Sq Ft
$563/Sq Ft Est. Value

Last Sold June 23, 2021

Last sale price $1,625,000 $557 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,375/month

11 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Ground Level Unit
  • Porch
  • Wood Flooring
  • Balcony
  • 4 Car Attached Garage

About This Home

As of June 2021

An amazing investor opportunity to add this fully occupied Mid-Century 4-Plex to their investment portfolio. Tucked away in a quiet neighborhood of Westchester (Playa Vista adjacent) close to Loyola Marymount University & only a few miles to "Silicon Beach" area demands excellent rents. 3 units have recently been renovated w trendy designer touches throughout including new kitchens/baths, floors, tankless water-heaters, washer/dryers in unit, newer roof, A/C, newer drought tolerant landscaping & newer exterior paint to name a few upgrades. Each unit w private patio. 5 parking. Fully Occupied Units. Do not disturb tenants.

Last Agent to Sell the Property

Doug Snell

Moylan Realty Group, Inc License #01700850 Listed on: 05/25/2021

Last Buyer's Agent

Heba Abulazm

Real Estate Source, Inc. License #01391926

Real Estate Source, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 7,006 Sq Ft Lot
  • North Facing Home
  • Sprinkler System

Parking

  • 4 Car Attached Garage
  • 1 Open Parking Space
  • 1 Carport Space

Home Design

  • Midcentury Modern Architecture
  • Split Level Home
  • Flat Roof Shape
  • Combination Foundation
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,916 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Balcony
  • Porch

Location

  • Ground Level Unit

Utilities

  • Air Conditioning
  • Multi-Tank Gas Water Heater
  • Tankless Water Heater

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Ground Level, Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: An amazing investor opportunity to add this fully occupied Mid-Century 4-Plex to their investment portfolio. Tucked away in a quiet neighborhood of Westchester (Playa Vista adjacent) close to Loyola Marymount University only a few miles to "Silicon Beach" area demands excellent rents. 3 units have recently been renovated with trendy designer touches throughout including new kitchens/baths, floors, tankless water-heaters, washer/dryers in unit, newer roof, A/C, newer drought tolerant landscaping & newer exterior paint to name a few upgrades. Each unit w private patio. 5 parking. Fully Occupied Units. Rents are actual. Do not disturb tenants.
  • Alley: Yes
  • Living Area: 2916
  • Lot Acreage: 0.1608
  • Probate: No
  • Stories: 2
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood, Mixed, Ceramic Tile
  • Appliances: Oven, Gas
  • Bedrooms: 5
  • Common Walls: Attached
  • Laundry: In Unit, Inside
  • Total Bathrooms: 5.00
  • Equipment: Dishwasher, Ceiling Fan, Garbage Disposal
  • Price Per S Q F T: 548.70

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Other Features: Balcony, Sprinkler System
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Slab, Combination
  • Patio: Balcony, Porch
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 4
  • Other Spaces: 1
  • Covered Parking: 4
  • Garage Structures: 1
  • Parking Garage: Garage Is Attached, Parking Space
  • Total Parking: 5

Utilities

  • Water Heater: Tankless, Multi-Tank, Gas
  • Cooling: Air Conditioning
  • Heating: Combination
  • Number Gas Meters: 4
  • Number Water Meters: 4
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Percent: 22.22
  • Assessed Improvement Value: 200000
  • Assessed Land Percent: 77.78
  • Assessed Land Value: 700000
  • Total Assessed Value: 900000
  • Assessor Parcel Number: 4125-015-009
  • Lot Size Area: 7006

Rental Info

  • Total Actual Rent: 106548.00
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.01
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2022
Sold by
Abouelata Wesam and Abouelata Sabah
Bought by
Abouelata And Hashalh Family Revocable Trust and Abouelata
Current Estimated Value
$1,642,820

Purchase Details

Listed on
Sep 8, 2016
Closed on
Dec 16, 2016
Sold by
Caloyeras Alexander Peter
Bought by
Lai Josh
Seller's Agent
Scott Rosenberg
Kidder Mathews of California, Inc.
Buyer's Agent
Doug Snell
Moylan Realty Group, Inc
List Price
$999,000
Sold Price
$1,000,000
Premium/Discount to List
$1,000
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.68%
Original Mortgage
$750,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2016
Sold by
Hild Renate C
Bought by
Caloyeras Alexander Peter and Caloyeras John Peter

Purchase Details

Closed on
Jun 1, 1998
Sold by
Hild Lloyd G
Bought by
Hild Lloyd G and Hild Renate C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.17%

Purchase Details

Closed on
Jun 15, 1981
Sold by
Hild Lloyd G
Bought by
Hild Lloyd G and Hild Renate C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Abouelata And Hashalh Family Revocable Trust -- None Listed On Document
Lai Josh $1,000,000 Stewart Title
Caloyeras Alexander Peter $3,845,000 Stewart Title
Hild Lloyd G -- Equity Title Company
Hild Lloyd G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lai Josh $750,000
Previous Owner Hild Lloyd G $108,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
12/05/2016 12/05/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $999,000 -- $343 / 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 $21,419 $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

Agents Affiliated with this Home

  • Doug Snell

    Seller's Agent in 2021

    Doug Snell

    Moylan Realty Group, Inc

    (323) 229-9508

    1 in this area

    13 Total Sales

    Doug Snell
    Section Image

  • H

    Buyer's Agent in 2021

    Heba Abulazm

    Real Estate Source, Inc.

    (310) 940-1999

    5 in this area

    28 Total Sales

    Heba Abulazm
    Section Image
  • Scott Rosenberg

    Seller's Agent in 2017

    Scott Rosenberg

    Kidder Mathews of California, Inc.

    1 in this area

    18 Total Sales

    Scott Rosenberg
    Section Image
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Map

Source: The MLS

MLS Number: 20-597902

The MLS

APN: 4125-015-009

California Los Angeles County Los Angeles 90045 Westchester

8807 Reading Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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