Properties

Los Angeles, CA 90045 8819 Reading

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Presented By: Frank Ponce with Coldwell Banker Realty; 310-503-4158
  • MLS# PV25231622
  • 10/01/2025
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  • Baths • 4
  • SQFT • 4,616

Home Details

A Rare Corner of Promise โ€” Just Beyond the Beaten Path In a quiet pocket of the city, where the pulse of Los Angeles hums with purpose โ€” near the thrum of SoFi Stadium, the runways of LAX, the innovation of Silicon Beach, and the coastal hush of the South Bay โ€” 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 โ€” copper plumbing that sings with waterโ€™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 โ€” not merely an accessory, but a home in itself โ€” 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 โ€” 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 โ€” a gesture of goodwill in a city that rarely gives anything away. This is more than a building. Itโ€™s a long-term haven for the discerning investor, a place where past effort meets future reward. Donโ€™t let it slip past like so many missed chances. Reach out to receive the full offering memorandum โ€” and see for yourself what happens when location, income, and vision align.
Presented By: Frank Ponce with Coldwell Banker Realty; 310-503-4158

Interior Features for 8819 Reading

Other Interior Features

Air Conditioning Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 8819 Reading

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Business TypeMulti-Tenant
Cap Rate6.5
Carport Spaces4
Carport Y/NYes
CityLos Angeles
Construction MaterialsAsphalt, Concrete
CoolingNone
CountyLos Angeles
DirectionsFrom 504, exit west on Manchaster, left on Ramsgate, to Reading
Electric220 Volts
Electric Expense2200
HeatingWall Furnace
Insurance Expense3000
Listing TermsCash, Conventional, Contract, 1031 Exchange
Lot Size Square Feet7008
Lot Size UnitsSquare Feet
MLS AreaC29 - Westchester
MaintenanceExpense1400
Net Operating Income139597
Number Of Units Total7
Number of Units Leased7
Occupancy TypeTenant
Operating Expense37610
PostalCityLOS ANGELES
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofAsphalt
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Sewer Expense2200
Year Built1951

Exterior for 8819 Reading

Building Area Total4616
FencingPartial
Lot Features0-1 Unit/Acre, Sprinklers In Front, Landscaped
Lot Size Acres0.1609
Lot Size Area7008
Number of Buildings2
Total Parking4
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,099,000
MLS#PV25231622
List Date 10/01/2025
Property Type Commercial
Phone 888.795.6274
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