Sold
Listed By:
David Messiah with Shield CRE, Inc.;
Sold By:
Participant Office
Address
9025 Reading Avenue, Los Angeles, CA
Price
$ 1,187,000
Property Attributes
  • MLS#23241871
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90045
  • Style
  • Price$ 1,187,000
  • Bedrooms7
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3423
  • Lot Size7,004 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

JUST REDUCED BY $150,000! | Located in the Highly Desirable Westchester Submarket of Los Angeles | Tremendous Value-Add Potential - Approximately 60% in Rental Upside | 6.78 % Pro-Forma Cap Rate & 11.21 Pro-Forma GRM | Close Proximity to Playa Del Rey, Playa Vista, LAX Airport, Silicon Beach & Inglewood | Approximately 2.5 Miles to Loyola Marymount University, Otis College of Art and Design & SoFi Stadium | Located Near Offices of YouTube, Facebook, Microsoft, IMAX Headquarters, Fox Sports & the Promenade at Howard Hughes Center | Highly Attractive Unit Mix of (Two) 2-Bed/2-Bath Units, (One) 2-Bed/1-Bath Unit & (One) 1- Bed/1-Bath Unit | Gated Common Area, On-Site Laundry Facility & Total of 4 Garage Spaces | Large 7,006-Square Foot Lot | Qualifies for Residential Financing

Price History
2/15/2023 Listed $1,575,000
4/8/2023 7% - $1,475,000
6/15/2023 11% - $1,325,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90045

Price
AVG $1.35M
$1.19M