8819 Reading

Los Angeles , CA 90045

MLS#: PV25231622

$2,099,000

Status: Active
Listing number: PV25231622
Listing provided by: Coldwell Banker Realty
Listing agent phone: None
Last update: 12 hours ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1951

Sq.Footage

N/A

A Rare Corner of Promise — Just Beyond the Beaten Path In a quiet pocket of the city, where the pulse of Los Angeles hums with purpose — near the thrum of SoFi Stadium, the runways of LAX, the innovation of Silicon Beach, and the coastal hush of the South Bay — stands a property built not just of wood and stone, but of opportunity. This 7-unit building, solid and steadfast, has weathered time with grace and has recently been granted new life: over $400,000 in thoughtful improvements — copper plumbing that sings with water’s flow, dual-pane windows that hold back the din of the outside world, and a foundation made firmer than before. A fresh coat of paint now dresses its exterior, while the land around it breathes easier, newly landscaped. Among its offerings, a brand-new, fully permitted 2-bedroom/1-bath ADU — not merely an accessory, but a home in itself — joins the ranks of four newly remodeled units. Altogether, the property brings in a hearty $182,688 in gross income, with the potential to climb another 37.34%. And with a Tier 3 TOC Density Bonus and a 7,008 sq ft R3 lot, the future whispers promises of more — more units, more income, more value. Investors, take note: this is not just an address. It is a stake in one of the most stable rental markets in Los Angeles, where tenants come and stay, and the heartbeat of the Westside and South Bay is but minutes away. The seller, seasoned and serious, offers the added grace of a 1031 exchange at no cost to you — a gesture of goodwill in a city that rarely gives anything away. This is more than a building. It’s a long-term haven for the discerning investor, a place where past effort meets future reward. Don’t let it slip past like so many missed chances. Reach out to receive the full offering memorandum — and see for yourself what happens when location, income, and vision align.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Asphalt, Concrete

  • Pool

    No

Area & Lot

  • Lot Features

    Sprinklers In Front, Landscaped

  • Lot Size(acres)

    0.1609

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $2,099,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Water Source

    Public

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Listing Courtesy of Frank Ponce , Coldwell Banker Realty

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A Rare Corner of Promise — Just Beyond the Beaten Path In a quiet pocket of the city, where the pulse of Los Angeles hums with purpose — near the thrum of SoFi Stadium, the runways of LAX, the innovation of Silicon Beach, and the coastal hush of the South Bay — stands a property built not just of wood and stone, but of opportunity. This 7-unit building, solid and steadfast, has weathered time with grace and has recently been granted new life: over $400,000 in thoughtful improvements — copper plumbing that sings with water’s flow, dual-pane windows that hold back the din of the outside world, and a foundation made firmer than before. A fresh coat of paint now dresses its exterior, while the land around it breathes easier, newly landscaped. Among its offerings, a brand-new, fully permitted 2-bedroom/1-bath ADU — not merely an accessory, but a home in itself — joins the ranks of four newly remodeled units. Altogether, the property brings in a hearty $182,688 in gross income, with the potential to climb another 37.34%. And with a Tier 3 TOC Density Bonus and a 7,008 sq ft R3 lot, the future whispers promises of more — more units, more income, more value. Investors, take note: this is not just an address. It is a stake in one of the most stable rental markets in Los Angeles, where tenants come and stay, and the heartbeat of the Westside and South Bay is but minutes away. The seller, seasoned and serious, offers the added grace of a 1031 exchange at no cost to you — a gesture of goodwill in a city that rarely gives anything away. This is more than a building. It’s a long-term haven for the discerning investor, a place where past effort meets future reward. Don’t let it slip past like so many missed chances. Reach out to receive the full offering memorandum — and see for yourself what happens when location, income, and vision align.

8819 Reading

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