NOT LISTED FOR SALE

8934 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,546,000 - $1,953,000

10 Beds
5 Baths
4,202 Sq Ft
$413/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $1,900,000 $452 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $11,158/month

153 Days on Market

About This Home

As of May 2022

Fell out of Escrow and Back On The Market. This large 4 unit building wont last long. 4200 Sq ft. 10 bedrooms 5 baths. Public record says 9 bedrooms and 4 baths, but Seller has permits for the extra bedroom and bath. 3 units will be delivered vacant at the close of escrow including the 4 bedroom 2 bath owners unit. Owners unit includes Dacor range, dishwasher and microwave along with a Monogram refrigerator. The other three units are all 2 bedrooms 1 bath each. Central Air and Heat in owners unit only. All units have upgraded kitchens and baths. Interior inspection with accepted offer only. All offers must include proof of funds and pre-approval letter.

Last Agent to Sell the Property

Paul Cargile

Cargile & Company License #00840733 Listed on: 11/05/2021

Last Buyer's Agent

Robert Walatka

Keller Williams Realty License #01353208

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,883 Sq Ft Lot

Parking

  • 3 Open Parking Spaces
  • 4 Car Garage
  • Automatic Gate

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 4,202 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Air Conditioning
  • Central Heating
  • Gas Water Heater

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water
  • Assessor Parcel Number 4125-017-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

6,883 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 4202
  • Lot Acreage: 0.1580
  • Probate: No
  • Stories: 2
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 523.56

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 3
  • Covered Parking: 4
  • Garage Structures: 2
  • Total Parking: 7

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Automatic Gate
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 31.48
  • Assessed Improvement Value: 186817
  • Assessed Land Percent: 68.52
  • Assessed Land Value: 406605
  • Total Assessed Value: 593422
  • Assessor Parcel Number: 4125-017-001
  • Lot Size Area: 6883

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Garden

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Apr 7, 2022
Sold by
Earnie Group Inc
Bought by
8934 Reading Ave Llc
Seller's Agent
Paul Cargile
Cargile & Company
Buyer's Agent
Robert Walatka
Keller Williams Realty
List Price
$2,200,000
Sold Price
$1,900,000
Premium/Discount to List
-$300,000
-13.64%
Current Estimated Value
$1,736,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$163,943
Avg. Annual Appreciation
-2.32%
Original Mortgage
$1,131,000
Outstanding Balance
$1,060,136
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$675,921

Purchase Details

Closed on
Jul 30, 2014
Sold by
Dlj Mortgage Capital Inc
Bought by
The Earnie Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2012
Sold by
Harris Craig
Bought by
Dlj Mortgage Capital Inc

Purchase Details

Closed on
Jun 10, 2008
Sold by
C Harris Holdings Inc
Bought by
Tre Holdings Llc

Purchase Details

Closed on
Dec 3, 2004
Sold by
Harris Craig
Bought by
C Harris Holdings Inc

Purchase Details

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

Purchase Details

Closed on
Mar 2, 2004
Sold by
Turmeko Properties Inc
Bought by
Harris Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,250
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2001
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
$352,000
Interest Rate
6.39%

Purchase Details

Closed on
Nov 16, 2001
Sold by
Ling Paul Siong Kuong and Ling Edythe I Tze
Bought by
Frick Eugene G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.39%

Purchase Details

Closed on
Jun 9, 1994
Sold by
Seaside Financial Corp
Bought by
First Federal Bank Of California and First Fed Svgs Bank Of California
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
8934 Reading Ave Llc $1,900,000 Stewart Title Of California In
The Earnie Group Inc $540,000 Provident Title Co
Dlj Mortgage Capital Inc $548,986 Accommodation
Tre Holdings Llc $185,000 None Available
C Harris Holdings Inc -- --
Turmeko Properties Inc -- --
Harris Craig $700,000 Provident Title Company
Turmeko Properties Inc -- --
Frick Eugene G $440,000 Fidelity National Title Co
First Federal Bank Of California $270,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8934 Reading Ave Llc $1,131,000
Previous Owner The Earnie Group Inc $540,000
Previous Owner Harris Craig $518,250
Previous Owner Frick Eugene G $352,000
Closed Frick Eugene G $88,000
Closed Harris Craig $194,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2022 05/17/22 Sold $1,900,000 -13.6% $452 / Sq Ft
04/07/2022 04/07/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $2,200,000 0.0% $524 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
11/05/2021 11/05/21 For Sale $2,200,000 -- $524 / Sq Ft
Source: The MLS

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 $24,309 $2,016,294 $1,411,406 $604,888
2024 $24,309 $1,976,760 $1,383,732 $593,028
2023 $23,842 $1,938,000 $1,356,600 $581,400
2022 $7,722 $611,560 $419,033 $192,527
2021 $7,605 $599,569 $410,817 $188,752
2019 $7,387 $582,407 $398,633 $183,774
2018 $7,249 $571,000 $390,817 $180,183
2016 $6,899 $548,234 $375,642 $172,592
2015 $6,802 $540,000 $370,000 $170,000
2014 $7,988 $622,814 $421,906 $200,908
Source: Public Records

Agents Affiliated with this Home

  • Paul Cargile

    Seller's Agent in 2022

    Paul Cargile

    Cargile & Company

    (310) 592-7888

    1 in this area

    4 Total Sales

    Paul Cargile
    Section Image

  • R

    Buyer's Agent in 2022

    Robert Walatka

    Keller Williams Realty

    (310) 375-3511

    1 in this area

    1 Total Sale

    Robert Walatka
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-102641

The MLS

APN: 4125-017-001

California Los Angeles County Los Angeles 90045 Westchester

8934 Reading Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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 MLS © 2026 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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.