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9030 Reading Avenue

Los Angeles (City), CA 90045
  • $1,250,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 23296055
$1,250,000
  • 3
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,800
    SQFT
  • $694
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Benjamin J. Hsiang of Realty Investment Advisors, Inc. (424-377-6001) and Don Favia of Realty Investment Advisors, Inc.(424-377-6001)


Description

We are pleased to present this exceptional investment opportunity in the heart of Westchester. This triplex, with all units being one-bedroom one bath and delivered with one unit vacant, is an excellent value-add proposition for investors and owner users. The potential for ADU development, subject to state and local laws, enhances its appeal. Property is being offered for sale individually or as a portfolio with the adjacent properties at 9038 and 9044 Reading; The property's prime location, a stone's throw away from major employers and vibrant commercial hubs, offers a unique blend of convenience and lifestyle. This balance is bound to attract a diverse range of potential tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/142031377
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9030 Reading Avenue Los Angeles (City), CA 90045

  • Price: $1,250,000
  • Status: Active
  • On Site: 51 Days
  • MLS #: 23296055
3
Beds
0
Baths
0
½ Baths
0.16
Acres
1,800
SQFT
$694
$/SQFT
1950
Built
Neighborhood:
C29 - Westchester
County:
Los Angeles
Area:
C29 - Westchester
Property Description
We are pleased to present this exceptional investment opportunity in the heart of Westchester. This triplex, with all units being one-bedroom one bath and delivered with one unit vacant, is an excellent value-add proposition for investors and owner users. The potential for ADU development, subject to state and local laws, enhances its appeal. Property is being offered for sale individually or as a portfolio with the adjacent properties at 9038 and 9044 Reading; The property's prime location, a stone's throw away from major employers and vibrant commercial hubs, offers a unique blend of convenience and lifestyle. This balance is bound to attract a diverse range of potential tenants.
Exterior Features

Attached Garage YN Yes Parking Total 3

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 1.58 Garage YN Yes Gross Income 45084 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 19781 New Construction YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 1 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Benjamin J. Hsiang of Realty Investment Advisors, Inc. (424-377-6001) and Don Favia of Realty Investment Advisors, Inc.(424-377-6001)