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8906 Reading Ave , Los Angeles, CA 90045
$1,399,000
Est. Payment: $7,471.64/mo
8 Bed
4 Bath
3542 Sqft
Status: Active | Days on site: 8
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CLW-X83386 - CLW-X18982
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Chris Heller
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House Description

Four 2 bedroom 1 bath units in an active Westchester development area. Good cash flow for investor at 13.6 GRM plus monthly expenses are very low. Tenants pay all utilities except for water. Property will not be delivered vacant. Subject to Los Angeles RSO. Four car carport plus uncovered parking spaces for 2 cars. Room to add an ADU. Property went through LAX soundproofing a few years ago with new double pane windows and ventilation. Property in fair condition owned by a contractor who's done upgrades over the years. Sewer line was replaced several years ago. 6,884 SF lot zoned R3-1, with a Medium Residential General Plan land-use designation. ZIMAS identifies the property as a Housing Element Site, within a Tier 3 Transit Oriented Communities (TOC) area, TOIA 2, and within one-half mile of a Major Transit Stop. The property is also identified as being within the Los Angeles Coastal Transportation Corridor Specific Plan. Buyer to cooperate with seller's 1031 exchange. Please call agent for more information. Inside with accepted offer.
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Highlights

Listed by Derrick Ruiz , 424-240-9319 eXp Realty of Greater Los Angeles , 888-652-1314. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.16

Year Built

1951

County

Los Angeles

Area

C29 - Westchester

Listing ID

26928353

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:0
Appliances:Refrigerator
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:7
Zoning:LAR3
Roof:Composition,Shingle
Others:
  • ▪ Additional:Updated/Remodeled, Stucco, 2+ Total Units, Has ADU
Sewer:Sewer Tap Paid
Parking Features:Attached Carport,Uncovered
Principal Interest
$7,472
Taxes
$892

Home Price

$1,399,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$279,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,471.64

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,471.64 $891.86 $0.00 $8,363.50
Yearly $89,659.67 $10,702.35 $0.00 $100,362.02
Total $2,689,790.10 $321,070.50 $0.00 $3,010,860.60

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

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