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8812 Reading Ave
Los Angeles, CA 90045
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Built 1991 – not subject to LARSO
- Prime Westchester Location
- Long-Term, Stable Ownership
- Strong Rental Demand
EXECUTIVE SUMMARY
8812 Reading Avenue is a newer-vintage, eight-unit apartment building located in the highly desirable Westchester neighborhood of Los Angeles. Built in 1991, this property represents one of the more modern multifamily assets in the area, offering 6,464 SF of living space on a 6,882 SF lot. The building features all large two-bed / two-bath units. The property’s superior construction quality and thoughtful unit configuration make it stand out in a submarket dominated by older 1950s-era buildings.
PROPERTY FACTS
| Price Per Unit | $361,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.71% | Building Size | 9,744 SF |
| Gross Rent Multiplier | 12.34 | Average Occupancy | 97% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles | ||
| Price Per Unit | $361,875 |
| Sale Type | Investment |
| Cap Rate | 4.71% |
| Gross Rent Multiplier | 12.34 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,744 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3, Los Angeles |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 8 | $2,314 | 800 |
PROPERTY TAXES
| Parcel Number | 4125-016-001 | Improvements Assessment | $722,373 |
| Land Assessment | $238,221 | Total Assessment | $960,594 |
PROPERTY TAXES
Parcel Number
4125-016-001
Land Assessment
$238,221
Improvements Assessment
$722,373
Total Assessment
$960,594
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