NOT LISTED FOR SALE

8928 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,732,000

8 Beds
4 Baths
3,542 Sq Ft
$489/Sq Ft Est. Value

Last Sold July 31, 2012

Last sale price $599,900 $169 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $11,151/month

Highlights

  • No HOA
  • Carpet
  • Wall Furnace
  • 4 Detached Carport Spaces

About This Home

As of July 2012

Investors! Owner-occupied borrowers! Standard Sale! 4-unit building on a nice street over in the Westchester area. Each unit has 2 bedrooms and 1 bathroom with good-sized kitchens and living room space. Each unit is approximately 885/sqft. Double-Double-paned windows were installed within the last few years. Rents are $1150, $1150, & $1300 (8928 1/2 is the upstairs vacant unit). One unit is newly rehabbed and ready for a new tenant, see info below for other unit rent-roll info.

Last Agent to Sell the Property

David Spangler

Pinnacle Estate Properties, Inc. License #01325704 Listed on: 05/25/2012

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Michele Delisio

Pinnacle Referral Network License #01736220

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,476

Year Built

  • Built in 1951

Lot Details

  • 6,882

Interior Spaces

  • 3,542 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available
  • Shared Driveway

Additional Features

  • 6,882 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 57
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125017002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $4,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,476

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Type: Residential Income
  • Parcel Number: 4125017002
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 169.37

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport, Driveway, Shared Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 6882.00
  • Lot Size Acres: 0.1580

Multi Family

  • Average2 Bed Area: 885
  • Gross Income: 4850.00
  • Gross Scheduled Income: 58200.00
  • Lot Size Area: 6882.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 3600.00

Tax Info

  • Tax Lot: 57
  • Tax Tract Number: 15283
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2017
Sold by
Petkov Aleko
Bought by
8928 Reading Llc
Current Estimated Value
$1,732,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2012
Sold by
Pro Value Properties Inc
Bought by
Petkov Aleko and Pinedo Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,920
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2011
Sold by
Buycaforeclosurescom Llc
Bought by
Pro Value Properties Inc

Purchase Details

Closed on
Mar 16, 2011
Sold by
Buycaforeclosurescom Llc
Bought by
Pro Value Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,750
Interest Rate
4.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 14, 2011
Sold by
Tre Holdings Capital Llc
Bought by
City National Bank National Banking Asso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,750
Interest Rate
4.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 10, 2011
Sold by
City National Bank
Bought by
Buycaforeclosurescom Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,750
Interest Rate
4.9%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 1, 2010
Sold by
Tre Holdings Capital Llc
Bought by
Bag Fund Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.52%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 19, 2007
Sold by
Buycaforeclosurescom Llc
Bought by
Tre Holdings Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,430
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2007
Sold by
Frick Eugene
Bought by
Buycaforeclosurescom Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,430
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2007
Sold by
Frick Eugene
Bought by
Tre Holdings Llc

Purchase Details

Closed on
Oct 5, 2005
Sold by
Tre Holdings Llc
Bought by
Fowlkes Tremaine

Purchase Details

Closed on
Mar 21, 2005
Sold by
Frick Eugene
Bought by
Tre Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2005
Sold by
Grimes Maureen D Williams
Bought by
Turmeko Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 13, 2004
Sold by
Turmeko Properties Inc
Bought by
Grimes Maureen D Williams

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 29, 2004
Sold by
Turmeko Properties Inc
Bought by
Grimes Ashton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 20, 2004
Sold by
Johnson Myla
Bought by
Turmeko Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 16, 2004
Sold by
Turmeko Properties Inc
Bought by
Johnson Myla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,000
Interest Rate
5.69%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 2002
Sold by
Frick Eugene
Bought by
Turmeko Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.85%

Purchase Details

Closed on
Feb 6, 2002
Sold by
Ling Paul Siong Kuong and Ling Edythe I Tze
Bought by
Frick Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
6.85%

Purchase Details

Closed on
Feb 13, 1995
Sold by
First Federal Bank Of California
Bought by
Ling Paul Siong Kuong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,850
Interest Rate
9.23%

Purchase Details

Closed on
Jun 2, 1994
Sold by
Seaside Financial Corp
Bought by
First Federal Bank Of California
Source: Public Records

Range of Values:

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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
8928 Reading Llc $1,200,000 Commonwealth Land Title Co
Petkov Aleko $600,000 Chicago Title
Pro Value Properties Inc -- None Available
Pro Value Properties Inc -- Fidelity Natl Title Ins Co
City National Bank National Banking Asso $664,447 None Available
Buycaforeclosurescom Llc -- None Available
Bag Fund Inc -- None Available
Tre Holdings Capital Llc $886,000 United Title Company
Buycaforeclosurescom Llc $566,501 None Available
Tre Holdings Llc $83,921 None Available
Fowlkes Tremaine -- --
Tre Holdings Llc $85,000 --
Turmeko Properties Inc -- --
Grimes Maureen D Williams -- --
Turmeko Properties Inc -- --
Grimes Ashton -- --
Turmeko Properties Inc -- --
Johnson Myla -- --
Turmeko Properties Inc -- --
Frick Eugene $420,000 Fidelity National Title Co
Ling Paul Siong Kuong $400,000 North American Title Company
First Federal Bank Of California $240,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 9033 Ramsgate Llc A California Llc $6,425,000
Closed 9033 Ramsgate Llc $6,425,000
Open 9033 Ramsgate Llc $19,990,000
Closed 9033 Ramsgate Llc $420,000
Closed 9033 Ramsgate Llc $13,000,000
Closed 8928 Reading Llc $1,020,000
Previous Owner Petkov Aleko $559,814
Previous Owner Petkov Aleko $533,000
Previous Owner Petkov Aleko $479,920
Previous Owner Pro Value Properties Inc $360,750
Previous Owner Bag Fund Inc $40,000
Previous Owner Tre Holdings Capital Llc $468,430
Previous Owner Tre Holdings Llc $120,000
Previous Owner Turmeko Properties In $12,000
Previous Owner Turmeko Properties Inc $11,000
Previous Owner Turmeko Properties $19,000
Previous Owner Frick Eugene $336,000
Previous Owner Ling Paul Siong Kuong $169,850
Closed Frick Eugene $84,000
Closed Tre Holdings Llc $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2012 07/31/12 Sold $599,900 -- $169 / Sq Ft
05/25/2012 05/25/12 Pending -- -- --
Source: California Regional Multiple Listing Service (CRMLS)

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
2020 $15,476 $1,248,480 $936,360 $312,120
2019 -- $1,224,000 $918,000 $306,000
2018 -- $1,200,000 $900,000 $300,000
2016 -- $624,036 $416,094 $207,942
2015 -- $614,663 $409,844 $204,819
2014 -- $602,623 $401,816 $200,807
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    David Spangler

    Pinnacle Estate Properties, Inc.

    Section Image

  • M

    Buyer's Agent in 2012

    Michele Delisio

    Pinnacle Referral Network

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12048385

California Regional Multiple Listing Service (CRMLS)

APN: 4125-017-002

California Los Angeles County Los Angeles 90045 Westchester

8928 Reading Ave, Los Angeles, CA

This home is located at 8928 Reading Ave, Los Angeles, CA 90045 since 25 May 2012 and is currently priced at $1,732,000, approximately $488 per square foot. This property was built in 1951. 8928 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.

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.

California Regional Multiple Listing Service (CRMLS) 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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