8732 Reading Ave, Los Angeles, CA 90045
- $7,099,999
- 18
- BA
- 14,668
- SqFt
- List Price
- $7,099,999
- Price Change
- ▼ $300,001 1670386202
- MLS#
- 22-215141
- Year Built
- 2015
- Bathrooms
- 18
- Living Sq. Ft
- 14,668
- Lot Size
- 11,589
- Days on Market
- 142
- Property Type
- Multifamily
- Stories
- 3
Property Description
JUST REDUCED $700K! DELIVERABLE UNDER REPLACEMENT VALUE! 2015-construction in Westchester!. Massive, 14,668 sq. ft. fully-secured "lobby" building with elevator and on-grade parking structure (20 striped spots). All units have A/C and forced-air heat & are separately-metered for ALL utilities, including water! The seller self-manages and does not typically raise rents, after move-in, leaving a lot of unrealized upside for a Buyer. The 2015-construction means NO rent control of any kind for another 8 years. IMMEDIATE UPSIDE that is actionable now, for and investor, unlike 99% of other apartment buildings in the state, subject to LA RSO or AB 1482. And massive upside in the future through potential condo conversion, with condos in Westchester/MDR/PDR averaging $1,033,000!
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Additional Information
- Other Buildings
- None
- Heat
- Forced Air
- Cooling
- Air Conditioning
- Number of Cars in Garage
- Side By Side
Mortgage Calculator
Courtesy of , Brice Head - CA DRE#
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