Seller's Agent in 2026
Ryan Versfelt
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
2 in this area
11 Total Sales
8893 Reading Ave Los Angeles, CA 90045
Westchester Neighborhood
5
Beds
4
Baths
2,829
Sq Ft
7,068
Sq Ft Lot Lot
Highlights
- Golf Course Community
- Double Pane Windows
- Laundry Room
- No HOA
- Cooling System Mounted To A Wall/Window
- Accessible Parking
About This Home
As of May 2026This turnkey asset in Westchester is offered at $318,750 per unit. The 2,829 SF building on a 7,068 SF street-to-alley lot features (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, with a current 5.37% cap rate and 12.66 GRM, with additional upside through ADU development. The interiors are fully upgraded with quartz countertops, shaker cabinets, new flooring, recessed lighting, stainless steel appliances, and an on-site coin-operated laundry room. Additional improvements include upgraded electrical panels, plumbing systems, and tankless water heaters. The property also features (2) detached two-car garages, offering potential ADU conversion (buyer to verify). Zoned LAR3 with TOC Tier 3, the asset presents strong development potential in a rapidly growing Westchester submarket. Tenants enjoy convenient parking and a prime location near LAX, Playa Vista, and Silicon Beach, with easy access to major employment hubs, retail, and transit. 8893 Reading Ave represents a turnkey opportunity with strong returns and future upside in one of Los Angeles’ most sought-after rental markets.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-748-1445 License #02212779 Listed on: 04/01/2026
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-748-1445 License #02117893
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-748-1445 License #02212779 Listed on: 04/01/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 7,068 Sq Ft Lot
- Property fronts an alley
- 1 Common Wall
- East Facing Home
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
- Turnkey
- Asphalt Roof
Interior Spaces
- 2,829 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Vinyl Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Additional Features
- Accessible Parking
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tenant pays for gas, electricity
- Tax Lot 101
- Tax Tract Number 15283
- Assessor Parcel Number 4125014006
- $533 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $29,181
- Gross Income $97,695
- Net Operating Income $68,514
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 30, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,000
Outstanding Balance
$504,375
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$817,729
Purchase Details
Listed on
Jun 2, 2015
Closed on
Dec 4, 2015
Sold by
Bought by
Seller's Agent
Sevak Keshishian
Marcus & Millichap
Buyer's Agent
Heather Lemmon
Westbluff Realty & MGMT Inc.
List Price
$880,000
Sold Price
$880,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.92%
Original Mortgage
$616,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 2, 2015
Closed on
Oct 21, 2015
Sold by
Bought by
Seller's Agent
Sevak Keshishian
Marcus & Millichap
Buyer's Agent
Heather Lemmon
Westbluff Realty & MGMT Inc.
List Price
$880,000
Sold Price
$880,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 24, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 16, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,824
Interest Rate
6.98%
Mortgage Type
FHA
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Accommodation | |
| Grant Deed | -- | Wfg National Title | |
| Grant Deed | -- | None Available | |
| Grant Deed | $880,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | North American Title | |
| Grant Deed | $335,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $569,000 | New Conventional | |
| Previous Owner | $616,000 | New Conventional | |
| Previous Owner | $420,000 | New Conventional | |
| Previous Owner | $329,824 | FHA |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/22/2026 05/22/26 | Sold | $1,200,000 | -5.9% | $424 / Sq Ft | |
| 04/20/2026 04/20/26 | Pending | -- | -- | -- | |
| 04/01/2026 04/01/26 | For Sale | $1,275,000 | 0.0% | $451 / Sq Ft | |
| 01/19/2024 01/19/24 | Rented | $2,300 | 0.0% | -- | |
| 01/04/2024 01/04/24 | For Rent | $2,300 | 0.0% | -- | |
| 11/09/2015 11/09/15 | Sold | $880,000 | 0.0% | $311 / Sq Ft | View Prior Sale |
| 06/02/2015 06/02/15 | Pending | -- | -- | -- | |
| 06/02/2015 06/02/15 | For Sale | $880,000 | -- | $311 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $12,970 | $1,047,426 | $686,600 | $360,826 |
| 2024 | $12,766 | $1,026,889 | $673,138 | $353,751 |
| 2023 | $12,525 | $1,006,755 | $659,940 | $346,815 |
| 2022 | $11,951 | $987,015 | $647,000 | $340,015 |
| 2021 | $11,795 | $967,663 | $634,314 | $333,349 |
| 2020 | $11,914 | $957,741 | $627,810 | $329,931 |
| 2019 | $11,446 | $938,962 | $615,500 | $323,462 |
| 2018 | $11,292 | $915,552 | $603,432 | $312,120 |
| 2016 | $10,787 | $880,000 | $580,000 | $300,000 |
| 2015 | $6,949 | $557,847 | $329,927 | $227,920 |
| 2014 | $6,997 | $546,921 | $323,465 | $223,456 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Versfelt
-
David Messiah
Seller Co-Listing Agent in 2026
David Messiah
Lyon Stahl Investment Real Estate, Inc.
(310) 593-9869
7 in this area
25 Total Sales
-
J
Seller's Agent in 2024
Jessica Lin
JRealty
-
Sevak Keshishian
Seller's Agent in 2015
Sevak Keshishian
Marcus & Millichap
(818) 394-0772
53 Total Sales
-
H
Buyer's Agent in 2015
Heather Lemmon
Westbluff Realty & MGMT Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26067928
APN: 4125-014-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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