NOT LISTED FOR SALE

8840 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood
14 Beds
14 Baths
7,990 Sq Ft
6,882 Sq Ft Lot

Last Sold August 24, 2018

Last sale price $4,100,000 $513 Per Sq Ft

119 Days on Market

Highlights

  • 24-Hour Security
  • City View
  • Balcony
  • Newly Remodeled
  • Contemporary Architecture
  • Intercom

About This Home

As of August 2018

REDUCED PRICE @ 4.31% CAP - We are proud to present to market the "Reading 8", a newly built (2018), 8 unit multifamily asset, located in the rapidly improving coastal residential enclave known as Westchester, within the city of Los Angeles. Composed of 6 (2 + 2) and 2 (1 + 1) units, this trophy like asset is equipped with luxury finishes to include, rooftop decks, balconies, in-unit washer/dryers, and security cameras. The units all have a large, open living room / kitchen area, and high-end finishes throughout. Unlike many buildings, the Westchester 8 is separately metered for all major utilities (water, gas, and electricity) resulting in dramatically lower operating costs. Call listing agents for more info!

Last Agent to Sell the Property

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 03/28/2018

Co-Listed By

Scott Rosenberg

Kidder Mathews of California, Inc. License #01456686

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 6,882

Parking

  • 14 Car Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 7,990 Sq Ft Home
  • 3-Story Property
  • City Views
  • Intercom
  • Laundry in unit

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Additional Features

  • Balcony
  • 6,882 Sq Ft Lot

Community Details

  • 8 Units
  • Rent Control
  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 4125-017-009

Property Details

Home Type

Multi-Family

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

14

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 7990
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2018
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 14.00
  • Den: 0
  • Equipment: Intercom
  • Price Per S Q F T: 522.53

Exterior Features

  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Construction: New
  • Pool: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 14
  • Covered Parking: 14
  • Parking Garage: Covered Parking
  • Total Parking: 14

Utilities

  • Cooling: Air Conditioning
  • Security: 24 Hour

Lot Info

  • Assessor Parcel Number: 4125-017-009
  • Geocode Override: No
  • Lot Size Area: 6882

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 15.76
  • Number Of Units: 8
  • Rent Control: 100
  • Total Annual Expense: 85119
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2018 08/24/18 Sold $4,100,000 -1.8% $513 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
07/16/2018 07/16/18 Price Changed $4,175,000 -1.8% $523 / Sq Ft
03/28/2018 03/28/18 For Sale $4,250,000 +639.1% $532 / Sq Ft
02/11/2015 02/11/15 Sold $575,000 -9.4% $296 / Sq Ft
01/26/2015 01/26/15 Pending -- -- --
12/12/2014 12/12/14 For Sale $635,000 -- $327 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Casey Lins

    Seller's Agent in 2018

    Casey Lins

    Kidder Mathews of California, Inc.

    (714) 333-6768

    3 in this area

    50 Total Sales

    Casey Lins
    Section Image
  • Scott Rosenberg

    Seller Co-Listing Agent in 2018

    Scott Rosenberg

    Kidder Mathews of California, Inc.

    1 in this area

    15 Total Sales

    Scott Rosenberg
    Section Image

  • S

    Buyer's Agent in 2018

    Subscriber Non

    Non-Participant Office

  • S

    Seller's Agent in 2015

    Stacey Jelmini

    SDJ Associates, Incorporated

    (310) 318-9051

    Stacey Jelmini
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-327376

The MLS

APN: 4125-017-009

California Los Angeles County Los Angeles 90045 Westchester

8840 Reading Ave, Los Angeles, CA

This home is located at 8840 Reading Ave, Los Angeles, CA 90045 since 28 March 2018. This property was built in 2018. 8840 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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