SOLD APR 15, 2022
RENTED APR 27, 2025
8819 Reading Ave Los Angeles, CA 90045
Westchester Neighborhood
9
Beds
6
Baths
3,911
Sq Ft
7,006
Sq Ft Lot
Highlights
- Wood Flooring
- Attached Carport
- Ceiling Fan
About This Home
As of April 2022We are proud to present the Reading Apartments, a six-unit multifamily asset located in the trending community of Westchester. The property features clean and bright single level units with washer/dryers, front and rear entry, and off-street parking for each unit from the alley. The property has been well maintained over the years and includes copper plumbing, and dual pain windows. Westchester has experienced dramatic housing and rent rental appreciation in recent years due to its supply of smaller, 1950's vintage entry level homes, its proximity to tech employment centers, and nearby picturesque beaches. Opportunity for equity growth and increased yield exists with unit turnover and renovation. Additionally, due to its preferential TOC tier 3 zoning, the property could potentially support a new development of up to 17 units or one could potentially utilize the garage for ADU conversion/s for increased cash flow. In total, investors looking for secure and predictable long-term returns, with the opportunity to develop more units should take notice. Current rents favorably align the property's pricing to GRM and CAP rate expectations for this submarket, making this asset a meaningful option for savvy investors.
Last Agent to Sell the Property
Kidder Mathews of California, Inc. License #01456686 Listed on: 01/18/2022
Last Buyer's Agent
Kidder Mathews of California, Inc. License #01456686 Listed on: 01/18/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Interior Spaces
- 3,911 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Flooring
Kitchen
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire Sprinkler System
Parking
- 2 Open Parking Spaces
- 6 Parking Spaces
- Attached Carport
Additional Features
- 7,006 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 6 Units
Listing and Financial Details
- Tenant pays for gas, electricity
- The owner pays for water, gardener
- Assessor Parcel Number 4125-014-002
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/27/2025 04/27/25 | Rented | $2,450 | +20.0% | -- |
| 04/27/2025 04/27/25 | Under Contract | -- | -- | -- |
| 04/03/2025 04/03/25 | Price Changed | $2,042 | -9.1% | $3 / Sq Ft |
| 03/14/2025 03/14/25 | Price Changed | $2,246 | -0.4% | $3 / Sq Ft |
| 03/06/2025 03/06/25 | Price Changed | $2,255 | -8.5% | $3 / Sq Ft |
| 02/15/2025 02/15/25 | For Rent | $2,465 | -16.4% | -- |
| 03/07/2024 03/07/24 | Rented | $2,950 | 0.0% | -- |
| 02/13/2024 02/13/24 | For Rent | $2,950 | 0.0% | -- |
| 04/15/2022 04/15/22 | Sold | $1,975,000 | -1.3% | $505 / Sq Ft |
| 02/07/2022 02/07/22 | Pending | -- | -- | -- |
| 01/18/2022 01/18/22 | For Sale | $2,000,000 | -- | $511 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Madison Riley
M
Seller's Agent in 2025
Madison Riley
LPT Realty, Inc
(407) 342-7696
-
Clarke Ball
C
Buyer's Agent in 2025
Clarke Ball
Pacific Playa Realty
(310) 437-7500
28 Total Sales
-
Odest Riley
Seller's Agent in 2024
Odest Riley
Odest Riley
(310) 905-7420
23 Total Sales
-
Scott Rosenberg
Seller's Agent in 2022
Scott Rosenberg
Kidder Mathews of California, Inc.
1 in this area
16 Total Sales
-
Casey Lins
Seller Co-Listing Agent in 2022
Casey Lins
Kidder Mathews of California, Inc.
(714) 333-6768
3 in this area
49 Total Sales
Map
Source: The MLS
MLS Number: 22-119627
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© 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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