8732 Reading Ave
Westchester, Los Angeles, CA 90045
Westchester, Los Angeles, CA 90045
$7,099,999
- Multi Family Townhouse
AGENTS
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!
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
Listing Courtesy of CBRE, Inc., Brice Head - 01330706 - 310-344-8218
Los Angeles
Featured neighborhood
Los Angeles
Downtown offers many new amenity-rich condo and rental buildings.
Read more about Los Angeles