Residential Income in Los Angeles

$1,399,000

8906 Reading, 90045, Los Angeles, CA

Residential Income for sale in Los Angeles, 8906 Reading, 90045, 3542 m²

8906 Reading, 90045, Los Angeles, CA

$1,399,000

8Bed
4Bath
3542m²
Type: Residential Income

Description

Four 2 bedroom 1 bath units in an active Westchester development area. Good cash flow for investor at 13.6 GRM plus monthly expenses are very low. Tenants pay all utilities except for water. Property will not be delivered vacant. Subject to Los Angeles RSO. Four car carport plus uncovered parking spaces for 2 cars. Room to add an ADU. Property went through LAX soundproofing a few years ago with new double pane windows and ventilation. Property in fair condition owned by a contractor who's done upgrades over the years. Sewer line was replaced several years ago. 6, 884 SF lot zoned R3-1, with a Medium Residential General Plan land-use designation. ZIMAS identifies the property as a Housing Element Site, within a Tier 3 Transit Oriented Communities (TOC) area, TOIA 2, and within one-half mile of a Major Transit Stop. The property is also identified as being within the Los Angeles Coastal Transportation Corridor Specific Plan. Buyer to cooperate with seller's 1031 exchange. Please call agent for more information. Inside with accepted offer.

Agent Information

Location

8906 Reading, 90045, Los Angeles, CA

Data

Object TypeResidential Income
Purchase Price$1,399,000
Living Space3542 m²
Plot Size639.54 m²
Bathrooms4
Construction Year1951
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeN/A
Primary Energy SourceN/A
Construction Year1951
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent