NOT LISTED FOR SALE

9050 Reading Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,204,000 - $1,601,000

5 Beds
4 Baths
3,090 Sq Ft
$459/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $1,330,000 $430 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,861/month

90 Days on Market

About This Home

As of August 2023

We are thrilled to present an exciting investment proposition in the desirable Westchester neighborhood. This fourplex, with three one-bedroom one units and one two-bedroom one bath unit, three of which are delivered vacant, offers a substantial value-add opportunity for investors and owner-users. The potential to add ADUs, subject to state and local laws, make this property a compelling prospect. The Westchester location, with its average household income exceeding $100,000, reflects the area's economic strength and high rental demand. The property's proximity to significant employers, recreational venues, and educational institutions further enhances its attractiveness to potential tenants.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 04/17/2023

Co-Listed By

Don Favia

Realty Investment Advisors, Inc. License #01841258

Last Buyer's Agent

Dionne Jackson

License #01223952

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,438

Year Built

  • Built in 1950

Lot Details

  • 8,016 Sq Ft Lot

Parking

  • 6 Parking Spaces

Interior Spaces

  • 3,090 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Community Details

  • 3 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4125-011-047

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,438

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3090
  • Lot Acreage: 0.1840
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 428.80

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Total Parking: 6

Lot Info

  • Assessed Improvement Percent: 31.03
  • Assessed Improvement Value: 482490
  • Assessed Land Percent: 68.97
  • Assessed Land Value: 1072201
  • Total Assessed Value: 1554691
  • Assessor Parcel Number: 4125-011-047
  • Lot Size Area: 8016

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.63
  • Number Of Units: 4
  • Total Annual Expense: 29279
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 75%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Aug 2, 2023
Sold by
9050 Reading Llc
Bought by
Bell Johnny Edward
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Dionne Jackson
List Price
$4,550,000
Sold Price
$1,330,000
Premium/Discount to List
-$3,220,000
-70.77%
Views
21
Current Estimated Value
$1,418,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,563
Avg. Annual Appreciation
0.38%
Original Mortgage
$1,330,000
Outstanding Balance
$1,300,225
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$40,553

Purchase Details

Closed on
May 25, 2018
Sold by
Rteimeh Shawn
Bought by
9050 Reading Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 2017
Sold by
Shishani Sila
Bought by
Rteimeh Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,500
Interest Rate
7.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 9, 2017
Sold by
Mizrahl Amnon and Rozenfield Ilan
Bought by
Rteimeh Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$815,500
Interest Rate
7.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 28, 2013
Closed on
Jan 21, 2014
Sold by
Bank Of America National Association
Bought by
Mizrahi Amnon
Seller's Agent
Gene Armstrong
Coldwell Banker Gene Armstrong
Buyer's Agent
Gene Armstrong
Coldwell Banker Gene Armstrong
List Price
$546,000
Sold Price
$500,000
Premium/Discount to List
-$46,000
-8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$284,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 28, 2013
Closed on
Jan 18, 2014
Sold by
Mizrahi Ronit
Bought by
Mizrahi Amnon
Seller's Agent
Gene Armstrong
Coldwell Banker Gene Armstrong
Buyer's Agent
Gene Armstrong
Coldwell Banker Gene Armstrong
List Price
$546,000
Sold Price
$500,000
Premium/Discount to List
-$46,000
-8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
4.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2012
Sold by
Ali Munif
Bought by
Bank Of America National Association

Purchase Details

Closed on
Aug 1, 2002
Sold by
Aguilar Steve and Aguilar Renee
Bought by
Ali Munif

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,600
Interest Rate
5.96%

Purchase Details

Closed on
Nov 22, 1999
Sold by
Markland Trish
Bought by
Markland Mark

Purchase Details

Closed on
Nov 4, 1999
Sold by
Mcilhenny Dudley and Mcilhenny Sydney
Bought by
Aguilar Steve and Aguilar Renee
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Bell Johnny Edward $1,330,000 Fidelity National Title
9050 Reading Llc $1,450,000 None Available
Rteimeh Shawn -- Priority Title Company
Rteimeh Shawn $1,165,000 Priority Title Company
Mizrahl Amnon -- Priority Title Company
Mizrahi Amnon $500,000 Ticor Title Riverside
Mizrahi Amnon -- Ticor Title Riverside
Bank Of America National Association $447,483 Accommodation
Ali Munif $414,500 Southland Title Corporation
Markland Mark -- Southland Title Corporation
Aguilar Steve -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Johnny Edward $1,330,000
Previous Owner 9033 Ramsgate Llc A California Llc $6,425,000
Previous Owner 9033 Ramsgate Llc $6,425,000
Previous Owner 9033 Ramsgate Llc $19,990,000
Previous Owner 9033 Ramsgate Llc $420,000
Previous Owner 9033 Ramsgate Llc $13,000,000
Previous Owner 9050 Reading Llc $1,150,000
Previous Owner 9050 Reading Llc $1,150,000
Previous Owner Rteimeh Shawn $815,500
Previous Owner Mizrahi Amnon $284,000
Previous Owner Ali Munif $150,000
Previous Owner Ali Munif $40,000
Previous Owner Ali Munif $100,000
Previous Owner Ali Munif $381,550
Previous Owner Ali Munif $331,600
Closed Ali Munif $41,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 Sold $1,330,000 +0.4% $430 / Sq Ft
07/16/2023 07/16/23 Pending -- -- --
05/17/2023 05/17/23 Price Changed $1,325,000 -70.9% $429 / Sq Ft
04/17/2023 04/17/23 For Sale $4,550,000 +810.0% $1,472 / Sq Ft
02/11/2014 02/11/14 Sold $500,000 -8.4% $162 / Sq Ft
11/07/2013 11/07/13 Pending -- -- --
10/28/2013 10/28/13 For Sale $546,000 -- $177 / 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 $16,438 $1,356,600 $1,020,000 $336,600
2024 $16,438 $1,330,000 $1,000,000 $330,000
2023 $19,506 $1,585,784 $1,093,645 $492,139
2022 $18,604 $1,554,691 $1,072,201 $482,490
2021 $18,370 $1,524,208 $1,051,178 $473,030
2019 $17,822 $1,479,000 $1,020,000 $459,000
2018 $14,583 $1,188,300 $882,300 $306,000
2016 $7,112 $569,543 $388,325 $181,218
2015 $7,061 $560,988 $382,492 $178,496
2014 $6,723 $522,360 $371,679 $150,681
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2023

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    11 in this area

    72 Total Sales

    Benjamin Hsiang
    Section Image
  • Don Favia

    Seller Co-Listing Agent in 2023

    Don Favia

    Realty Investment Advisors, Inc.

    (424) 377-6007

    11 in this area

    26 Total Sales

    Don Favia
    Section Image

  • D

    Buyer's Agent in 2023

    Dionne Jackson

  • G

    Seller's Agent in 2014

    Gene Armstrong

    Coldwell Banker Gene Armstrong

    Section Image
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Map

Source: The MLS

MLS Number: 23-260463

The MLS

APN: 4125-011-047

California Los Angeles County Los Angeles 90045 Westchester

9050 Reading Ave, Los Angeles, CA

This home is located at 9050 Reading Ave, Los Angeles, CA 90045 since 17 April 2023 and is currently estimated at $1,418,563, approximately $459 per square foot. This property was built in 1950. 9050 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.

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.
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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