8829-8841 Reading Ave
Los Angeles, CA 90045
Multifamily Property For Sale
·
7 Units
Property Facts
| No. Units | 7 | Lot Size | 0.32 AC |
| Property Type | Multifamily | Construction Status | Demolished |
| Property Subtype | Apartment | Building Size | 5,163 SF |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1950 |
| Zoning | LAR3 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Construction Status | Demolished |
| Building Size | 5,163 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | LAR3 |
About 8829-8841 READING AVE , LOS ANGELES, CA 90045
Lee Mintz and Dario Svidler of Pacific Union Commercial are proud to offer for sale 8829 S. Reading Ave. and 8835 S. Reading Ave. in the Westschester neighborhood of Los Angeles. The properties sit side by side backing up to an alley, the first containing a Triplex and the second a Fourplex. While the property cash-flows, the logical option is for an investor to capitalize on the prime R3-1 Tier 3 Zoning for the development of a new apartment building. By-right construction would allow for an 18-unit building; utilize a Density Bonus and build approximately 32 units. Cash flow now and build at a later date or submit to planning right away and build a beautiful, brand new custom apartment building with great proximity to jobs, nightlife, restaurants and so much more!
Property Taxes
| Parcel Number | 4125-014-029 | Improvements Assessment | $6,913,560 |
| Land Assessment | $3,130,563 | Total Assessment | $10,044,123 |
Property Taxes
