NOT LISTED FOR SALE

8902 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,227,000 - $1,583,260

6 Beds
4 Baths
3,282 Sq Ft
$453/Sq Ft Est. Value

Last Sold January 19, 2018

Last sale price $1,150,000 $350 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,704/month

23 Days on Market

Highlights

  • Pull-through
  • Ceiling Fan
  • Multi-Tank Hot Water Heater
  • 2 Car Garage

About This Home

As of January 2018

Rare Opportunity to acquire a well maintained triplex investment property in the secluded Westchester Community! The Building is situated on an 6,882 Sqft. R3 Lot, with great upside potential in both lot utilization & rents . The structure consists of one 3 bed / 2 bath, one 2 bed / 1 bath and one 1 bed / 1 bath, a perfect unit mix for a triplex. This area continues to appreciate in value and in rising rent prices. As a new owner, you'll cash-flow from day one. This property provides investors an opportunity to get into the Westchester market, while it's still affordable. For additional information, please request a marketing package. All units are currently occupied, please do not disturb tenants for any reason. Property sold "AS IS"

Last Agent to Sell the Property

Alex Frapech

CB Richard Ellis, Inc. License #02026469 Listed on: 11/21/2017

Last Buyer's Agent

John Benjamin

License #01426993

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,879

Year Built

  • Built in 1949

Lot Details

  • 6,882 Sq Ft Lot
  • Sprinkler System

Parking

  • 2 Car Garage
  • Pull-through
  • Driveway
  • On-Street Parking

Interior Spaces

  • 3,282 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Utilities

  • Window Unit Cooling System
  • Vented Exhaust Fan
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Multi-Tank Hot Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4125-017-008

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,879

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3282
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Electric Dryer Hookup, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hood Fan, Microwave, Range/Oven, Refrigerator, Vented Exhaust Fan
  • Price Per S Q F T: 342.78

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Detached, Driveway - Concrete, Garage - 2 Car, Garage Is Detached, On street, Pull-through
  • Total Parking: 4

Utilities

  • Water Heater: Multi-Tank
  • Cooling: Ceiling Fan, Window Unit(s)
  • Heating: Natural Gas, Wall, Wall Gas
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Sprinklers: Sprinkler System
  • Assessed Improvement Value: 319078
  • Assessed Land Value: 290627
  • Assessor Parcel Number: 4125-017-008
  • Geocode Override: No
  • Lot Description: 2-4 Lots
  • Lot Size Area: 6882

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.00
  • Number Of Units: 3
  • Total Annual Expense: 25192
  • Type Of Units: Income
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2020
Sold by
Samaan Ayman and Tadros Cindy
Bought by
Samaan Ayman Samir and Tadros Cindy
Current Estimated Value
$1,538,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$860,000
Outstanding Balance
$768,762
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$719,303

Purchase Details

Listed on
Nov 21, 2017
Closed on
Dec 18, 2017
Sold by
Carbajal Ricardo
Bought by
Samaan Ayman and Tadros Cindy
Seller's Agent
Alex Frapech
CB Richard Ellis, Inc.
Buyer's Agent
John Benjamin
List Price
$1,125,000
Sold Price
$1,150,000
Premium/Discount to List
$25,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.46%
Original Mortgage
$862,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2003
Sold by
Carbajal Ricardo
Bought by
Carbajal Ricardo and Carbajal Dulce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
5.83%

Purchase Details

Closed on
Jul 21, 1998
Sold by
Lira Octavio
Bought by
Hernandez Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,100
Interest Rate
7.12%

Purchase Details

Closed on
Jun 29, 1998
Sold by
Carbajal Dulce M
Bought by
Carbajal Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,100
Interest Rate
7.12%
Source: Public Records

Range of Values:

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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
Samaan Ayman Samir -- None Available
Samaan Ayman $1,150,000 Usa National Title Company
Carbajal Ricardo -- Fidelity National Title Co
Hernandez Juana -- First American Title Co
Carbajal Ricardo -- First American Title Co
Carbajal Ricardo $239,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samaan Ayman $860,000
Closed Samaan Ayman $862,500
Previous Owner Carbajal Rick M $100,000
Previous Owner Carbajal Ricardo $390,000
Previous Owner Carbajal Ricardo $244,000
Previous Owner Carbajal Ricardo $215,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2018 01/19/18 Sold $1,150,000 +2.2% $350 / Sq Ft
11/21/2017 11/21/17 For Sale $1,125,000 -- $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 $15,879 $1,308,500 $1,046,801 $261,699
2024 $15,879 $1,282,844 $1,026,276 $256,568
2023 $15,577 $1,257,691 $1,006,153 $251,538
2022 $14,861 $1,233,031 $986,425 $246,606
2021 $14,668 $1,208,855 $967,084 $241,771
2020 $14,817 $1,196,460 $957,168 $239,292
2019 $14,233 $1,173,000 $938,400 $234,600
2018 $7,690 $621,898 $296,439 $325,459
2016 $7,327 $597,751 $284,929 $312,822
2015 $7,221 $588,774 $280,650 $308,124
2014 $7,262 $577,242 $275,153 $302,089
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Alex Frapech

    CB Richard Ellis, Inc.

    Section Image

  • J

    Buyer's Agent in 2018

    John Benjamin

    (310) 919-7211

    1 Total Sale

    Section Image
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Map

Source: The MLS

MLS Number: 17-291154

The MLS

APN: 4125-017-008

California Los Angeles County Los Angeles 90045 Westchester

8902 Reading Ave, Los Angeles, CA

This home is located at 8902 Reading Ave, Los Angeles, CA 90045 since 21 November 2017 and is currently estimated at $1,488,065, approximately $453 per square foot. This property was built in 1949. 8902 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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The MLS © 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.
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