8922 Reading Avenue Los Angeles, CA 90045
We are excited to showcase this unique, fully vacant eight-unit property in the heart of Westchester, Los Angeles. An exceptional opportunity for value-add investors and owner-users, the building offers eight spacious two-bedroom one bath units that are primed for renovation. The potential to add Accessory Dwelling Units (ADUs), subject to state and local laws, offers an additional avenue for enhancing the value and revenue of this property. The opportunity to rent at market-rate rentals post-Ellis Expiration on November 3, 2023, provides an appealing prospect in the thriving rental market of Westchester. With its close proximity to major employers, recreational venues, and esteemed educational institutions, this property is ideally positioned to attract a diverse tenant pool. This unique offering presents a rare opportunity to invest and establish a presence in one of LA's most in-demand neighborhoods, capitalizing on the building's current vacancy and potential for transformation.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site411 Days
- MLS StatusActive Under Contract
- MLS ID Number23260239
- Home Size Source Other
- Year Built1951
- Lot Size0.316 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 8
- Number of Stories 22
- Acreage 0.316
- Zoning LAR3
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating None
Community Features
- Senior Community No
- MLS Area C29 - Westchester