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8893 Reading Ave 4 Unit Apartment Building $1,275,000 ($318,750/Unit) 5.37% Cap Rate Los Angeles, CA 90045
Investment Highlights
- Strong Returns – 5.37% cap rate with upside to 6.29%
- Upgraded Systems – Electrical, plumbing, tankless water heaters, onsite laundry
- ADU Potential – (2) detached two-car garages
- Modern Interiors – Quartz countertops, shaker cabinetry, stainless steel appliances
- Prime Westchester Location – Near LAX, Playa Vista, and Silicon Beach
- Strong Growth Area – Rapid development with long-term investment upside
Property Facts
| Price | $1,275,000 | Property Subtype | Apartment |
| Price Per Unit | $318,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.37% | Building Size | 2,829 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Zoning | LAR3 - Restricted Density Multiple Dwelling | ||
| Price | $1,275,000 |
| Price Per Unit | $318,750 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,829 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | LAR3 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4125-014-006 | Improvements Assessment | $360,826 |
| Land Assessment | $686,600 | Total Assessment | $1,047,426 |
Property Taxes
Parcel Number
4125-014-006
Land Assessment
$686,600
Improvements Assessment
$360,826
Total Assessment
$1,047,426
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8893 Reading Ave
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