NOT LISTED FOR SALE

8934 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,602,000 - $1,969,658

10 Beds
5 Baths
4,202 Sq Ft
$424/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2022

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

Est. 6% decrease in value since last sale

Current estimated payment $11,864 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

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

Listed on
Nov 5, 2021
Closed on
Apr 7, 2022
Sold by
Bought by
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
$1,781,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,085
Avg. Annual Appreciation
-1.51%
Original Mortgage
$1,131,000
Outstanding Balance
$1,049,717
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$732,198

Purchase Details

Closed on
Jul 30, 2014
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
$540,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 2008
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 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
$518,250
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

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

Purchase Details

Closed on
Nov 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
$352,000
Interest Rate
6.39%

Purchase Details

Closed on
Jun 9, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Westchester, CA

  • Oscar Montalvo Real Estate Agent - RE/MAX One

    Oscar Montalvo

    Responds Quickly

    RE/MAX One

    (747) 229-0915

    68 Total Sales

    1 in Westchester

    $925,000 Price

    Oscar Montalvo
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  • Emilia Aldana Real Estate Agent - COMPASS

    Emilia Aldana

    COMPASS

    (626) 696-8236

    27 Total Sales

    1 in Westchester

    $740,000 Price

    Emilia Aldana
     Section Image
  • Molly First Real Estate Agent - Lyon Stahl Investment Real Estate, Inc.

    Molly First

    Lyon Stahl Investment Real Estate, Inc.

    (310) 734-4096

    17 Total Sales

    2 in Westchester

    $1.3M - $1.6M Price Range

    Molly First
     Section Image
  • Ashmat Delawari Real Estate Agent - Equity Union-Westside

    Ashmat Delawari

    Equity Union-Westside

    (661) 485-2112

    49 Total Sales

    1 in Westchester

    $1,700,000 Price

    Ashmat Delawari
     Section Image
  • Dana Frank Real Estate Agent - Rodeo Realty

    Dana Frank

    Responds Quickly

    Rodeo Realty

    (424) 842-2137

    147 Total Sales

    1 in Westchester

    $1,459,000 Price

    Dana Frank
     Section Image
  • David Sevanian Real Estate Agent - Keller Williams VIP Properties

    David Sevanian

    Responds Quickly

    Keller Williams VIP Properties

    (661) 430-5099

    73 Total Sales

    1 in Westchester

    $1,275,000 Price

    David Sevanian
     Section Image
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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 Buyer Sale Price Title Company
$1,900,000 Stewart Title Of California In
$540,000 Provident Title Co
$548,986 Accommodation
$185,000 None Available
-- --
-- --
$700,000 Provident Title Company
-- --
$440,000 Fidelity National Title Co
$270,000 Continental Lawyers 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 Borrower Loan Amount
Open $1,131,000
Previous Owner $1,080,000
Previous Owner $540,000
Previous Owner $50,000
Previous Owner $518,250
Previous Owner $352,000
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
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

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 $24,614 $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 Real Estate Agent - Cargile & Company

    Seller's Agent in 2022

    Paul Cargile

    Cargile & Company

    (310) 592-7888

    1 in this area

    3 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
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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

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.

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