8812 Reading Ave - Apartments FOR SALE


Los Angeles, CA 90045- Westchester
$2,895,000 USD
424-239-5903
8812 Reading Ave, Los Angeles, CA for Sale
$2,895,000 USD
Apartments - FOR SALE
1/7
null | 4.71% Cap Rate

8812 Reading Ave
Los Angeles, CA 90045
Westchester


HIGHLIGHTS

  • Built 1991 – not subject to LARSO
  • Long-Term, Stable Ownership
  • Prime Westchester Location
  • Strong Rental Demand

OVERVIEW

8812 Reading Avenue is a newer-vintage, eight-unit apartment building located in the highly desirable Westchester neighborhood of Los Angeles. Built in 1991, this property represents one of the more modern multifamily assets in the area, offering 6,464 SF of living space on a 6,882 SF lot. The building features all large two-bed / two-bath units. The property’s superior construction quality and thoughtful unit configuration make it stand out in a submarket dominated by older 1950s-era buildings.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

8

PRICE/UNIT

$361,875

CAP RATE

4.71%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,031 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4125-016-001

ASK ABOUT THIS PROPERTY

Steffan BraunlichBerkadiaMore Info
424-239-5903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Steffan BraunlichBerkadiaMore Info
424-239-5903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.