NOT LISTED FOR SALE

8811 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,145,000 - $1,330,643

4 Beds
2 Baths
1,560 Sq Ft
$793/Sq Ft Est. Value

Last Sold February 26, 2013

Last sale price $465,000 $298 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $7,053/month

55 Days on Market

Highlights

  • 2 Car Detached Garage
  • Floor Furnace
  • 1-Story Property

About This Home

As of February 2013

Great duplex. Newer roof. Both units have have been refurbished with refinished hardwood floors , new vanities in bathrooms, new tile floors in kitchens and bathrooms. Windows are double paned double windows from LAWA. Back unit has large yard and front unit has side yard.

Last Agent to Sell the Property

Philip Gilboy

The Real Estate Consultants License #00950880 Listed on: 11/01/2012

Last Buyer's Agent

Maria Arias

The Real Estate Consultants License #01177630

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,006 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Floor Furnace
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4125-015-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1560
  • Stories: 1
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Cable
  • Price Per S Q F T: 305.77

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Detached
  • Total Parking: 2

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Value: 88008
  • Assessed Land Value: 161084
  • Assessor Parcel Number: 4125-015-010
  • Lot Size Area: 7006

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.80
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2022
Sold by
Arias Virgiia M and Arias Virginia M
Bought by
Arias Virginia M and Arias Saul
Current Estimated Value
$1,236,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Outstanding Balance
$468,431
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$768,230

Purchase Details

Listed on
Nov 1, 2012
Closed on
Jan 28, 2013
Sold by
Wasick David and The Betty Wasick Revocable Liv
Bought by
Arias Virgiia M and Arias Saul
Seller's Agent
Philip Gilboy
The Real Estate Consultants
Buyer's Agent
Maria Arias
The Real Estate Consultants
List Price
$499,000
Sold Price
$465,000
Premium/Discount to List
-$34,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$348,750
Interest Rate
3.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2012
Sold by
Wasick Betty M
Bought by
Wasick Betty and Betty Wasick Revocable Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Arias Virginia M -- First American Title Company O
Arias Virgiia M $465,000 Priority Title
Wasick Betty -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arias Virginia M $505,000
Previous Owner Arias Virgiia M $348,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2013 02/26/13 Sold $465,000 -6.8% $298 / Sq Ft
12/26/2012 12/26/12 Pending -- -- --
11/01/2012 11/01/12 For Sale $499,000 -- $320 / 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 $7,027 $572,602 $369,423 $203,179
2024 $7,027 $561,376 $362,180 $199,196
2023 $6,897 $550,370 $355,079 $195,291
2022 $6,584 $539,579 $348,117 $191,462
2021 $6,497 $529,000 $341,292 $187,708
2019 $6,306 $513,312 $331,170 $182,142
2018 $6,208 $503,248 $324,677 $178,571
2016 $5,931 $483,708 $312,070 $171,638
2015 $5,845 $476,443 $307,383 $169,060
2014 $5,877 $467,111 $301,362 $165,749
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Philip Gilboy

    The Real Estate Consultants

  • M

    Buyer's Agent in 2013

    Maria Arias

    The Real Estate Consultants

See All Agents

Map

Source: The MLS

MLS Number: 12-633281

The MLS

APN: 4125-015-010

California Los Angeles County Los Angeles 90045 Westchester

8811 Reading Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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