Properties
Los Angeles, CA 90045 8893 Reading Avenue
$1,275,000
10 more
Presented By: Ryan Versfelt with Lyon Stahl Investment Real Estate, Inc.; 310-748-1445
Baths • 1
SQFT • 2,829
Garage • 4
Home Details
This turnkey asset in Westchester is offered at $318,750 per unit. The 2,829 SF building on a 7,068 SF street-to-alley lot features (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, with a current 5.37% cap rate and 12.66 GRM, with additional upside through ADU development.
The interiors are fully upgraded with quartz countertops, shaker cabinets, new flooring, recessed lighting, stainless steel appliances, and an on-site coin-operated laundry room. Additional improvements include upgraded electrical panels, plumbing systems, and tankless water heaters.
The property also features (2) detached two-car garages, offering potential ADU conversion (buyer to verify). Zoned LAR3 with TOC Tier 3, the asset presents strong development potential in a rapidly growing Westchester submarket.
Tenants enjoy convenient parking and a prime location near LAX, Playa Vista, and Silicon Beach, with easy access to major employment hubs, retail, and transit. 8893 Reading Ave represents a turnkey opportunity with strong returns and future upside in one of Los Angeles’ most sought-after rental markets.
Presented By: Ryan Versfelt with Lyon Stahl Investment Real Estate, Inc.; 310-748-1445
Interior Features for 8893 Reading Avenue
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesCommon Area, Laundry Room
Total Stories2
Window FeaturesDouble Pane Windows
Other Rooms
Entry Level1
General for 8893 Reading Avenue
AccessibilityParking
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.37
CityLos Angeles
Community FeaturesBiking, Curbs, Golf, Storm Drain(s), Street Lights, Suburban, Sidewalks
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsReading Ave & W Manchester Ave, Reading Ave & W 88th St
ElectricStandard
Electric Expense
Entry Location1
Expected Active Date 2026-04-01
Facing DirectionEast
Garage Spaces4
Garage Y/NYes
Gross Income
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense
Land Lease Y/NNo
LevelsTwo
Listing TermsContract
Lot Size Square Feet7068
Lot Size UnitsSquare Feet
MLS AreaC29 - Westchester
Net Operating Income68514
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense29181
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLOS ANGELES
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofAsphalt
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot101
Tenant PaysElectricity, Gas
Total Actual Rent8393
Trash Expense0
UtilitiesElectricity Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense0
Year Built1950
Year Built SourceAssessor
Exterior for 8893 Reading Avenue
Building Area Total2829
FencingNone
Lot Features2-5 Units/Acre
Lot Size Acres0.1623
Lot Size Area7068
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesAssigned
Private PoolNo
Road Frontage TypeAlley, City Street
Road Surface TypePaved
SpaNo
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
