NOT LISTED FOR SALE

9016 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,180,000 - $1,315,789

4 Beds
3 Baths
2,280 Sq Ft
$547/Sq Ft Est. Value

Sale Details

Date Sold: October 26, 2012

Last sale price $525,000 $230 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $7,361 / mo

Highlights

  • Traditional Architecture
  • Neighborhood Views
  • Tile Flooring
  • Private Yard
  • Cooling Available
  • Landscaped

About This Home

As of October 2012

3 UNITS CONVENIENTLY LOCATED JUST MINUTES FROM LAX. SUBSTANTIAL UPDATE OF INTERIOR / EXTERIOR RECENTLY DONE INCLUDING NEW EXTERIOR PAINT. UPDATED AND UPGRADED FEATURES INCLUDE QUARTZ COUNTER TOPS AND TILE FLOORING IN ALL 3 KITCHENS. TILE FLOORING IN BATHROOMS AND ALL UNITS HAVE NEW WALL HEATERS. REFRIGERATOR AND STOVE INCLUDED IN ALL UNITS, 2 UNITS HAVE NEW CARPET / PAINT AND BUILDING HAS A COIN OPERATED LAUNDRY AND COPPER PLUMBING. PROPERTY HAS LARGE DRIVEWAY, GRASS YARD AND SHARED PATIO. CLOSE TO DINING, FREEWAYS, AND BEACHES. GREAT FOR INVESTOR / OWNER! TAKE A LOOK AT THE VIRTUAL TOUR!

Last Agent to Sell the Property

Marilyn Bennett

Equity Union License #01272179 Listed on: 09/28/2012

Equity Union

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,821 Sq Ft Lot
  • West Facing Home
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Fire Rated Drywall
  • Frame Construction
  • Blown-In Insulation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,280 Sq Ft Home
  • Insulated Windows
  • Neighborhood Views
  • Laundry in unit

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125011027

Community Details

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $950
  • Insurance Expense $600
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $5,980
  • Gross Income $3,495
  • Net Operating Income $34,550

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

6,821 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: COIN OPERATED LAUNDRY
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 4125011027
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 230.26
  • Window Features: Insulated Windows

Exterior Features

  • Direction Faces: West
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Blown-In Insulation, Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: On Site

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Lawn, Landscaped, Sprinkler System, Yard
  • Lot Size Sq Ft: 6821.00
  • Lot Size Acres: 0.1570

Multi Family

  • Electric Expense: 950.00
  • Gross Income: 3495.00
  • Gross Scheduled Income: 41940.00
  • Insurance Expense: 600.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6821.0000 Square Feet
  • Net Operating Income: 34550.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Operating Expense: 9850.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5980.00
  • Tax Lot: 51
  • Tax Tract Number: 15283
  • Tax Year: 2011

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
Sep 28, 2012
Closed on
Oct 24, 2012
Sold by
Bought by
Seller's Agent
Marilyn Bennett
Equity Union
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Sold Price
$525,000
Current Estimated Value
$1,246,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$721,197
Avg. Annual Appreciation
6.51%

Purchase Details

Listed on
Sep 28, 2012
Closed on
Oct 16, 2012
Sold by
Bought by
Seller's Agent
Marilyn Bennett
Equity Union
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Sold Price
$525,000

Purchase Details

Closed on
Dec 5, 2005
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
$460,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2002
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
$320,000
Interest Rate
5.75%
Mortgage Type
Stand Alone First
Source: Public Records

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
-- None Available
$518,000 Progressive Title Company
-- Fidelity National Title
-- Fidelity National Title
$400,000 Chicago 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
Previous Owner $460,000
Previous Owner $320,000
Closed $60,000
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
10/26/2012 10/26/12 Sold $525,000 -- $230 / Sq Ft
09/28/2012 09/28/12 Pending -- -- --
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 $8,030 $637,871 $492,568 $145,303
2024 $7,917 $625,364 $482,910 $142,454
2023 $7,772 $613,103 $473,442 $139,661
2022 $7,423 $601,082 $464,159 $136,923
2021 $7,322 $589,297 $455,058 $134,239
2019 $7,109 $571,819 $441,561 $130,258
2018 $6,982 $560,607 $432,903 $127,704
2016 $6,665 $538,840 $416,094 $122,746
2015 $6,569 $530,747 $409,844 $120,903
2014 $6,610 $520,351 $401,816 $118,535
Source: Public Records

Agents Affiliated with this Home

  • Marilyn Bennett

    Seller's Agent in 2012

    Marilyn Bennett

    Equity Union

    (818) 469-6699

    9 Total Sales

    Marilyn Bennett
    Section Image

  • G

    Buyer's Agent in 2012

    General NONMEMBER

    NONMEMBER MRML

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12110997

California Regional Multiple Listing Service (CRMLS)

APN: 4125-011-027

California Los Angeles County Los Angeles 90045 Westchester

9016 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.

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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