8732 Reading Ave

Westchester, Los Angeles, CA 90045

$7,099,999
Multi Family Townhouse

AGENTS

Douglas Elliman
Douglas Elliman
Source of Data:
California Real Estate Technology Services

Property Description

JUST REDUCED $700K! DELIVERABLE UNDER REPLACEMENT VALUE! 2015-construction in Westchester!. Massive, 14,668 sq. ft. fully-secured "lobby" building with elevator and on-grade parking structure (20 striped spots). All units have A/C and forced-air heat & are separately-metered for ALL utilities, including water! The seller self-manages and does not typically raise rents, after move-in, leaving a lot of unrealized upside for a Buyer. The 2015-construction means NO rent control of any kind for another 8 years. IMMEDIATE UPSIDE that is actionable now, for and investor, unlike 99% of other apartment buildings in the state, subject to LA RSO or AB 1482. And massive upside in the future through potential condo conversion, with condos in Westchester/MDR/PDR averaging $1,033,000!
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PROPERTY DETAILS

  • Interior
    14,668 Sq Ft.
  • Exterior
    .26 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    2015
  • MLS/Listing ID
    22-215141
  • Days On Market
    84

BUILDING/PROPERTY DETAILS

  • Air Conditioning
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Listing Courtesy of CBRE, Inc., Brice Head - 01330706 - 310-344-8218