9020 Reading AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90045
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,364 sqft
Price per Sqft $528
MLS Listing ID 25613827
Bedrooms 4
Year Built 1950
Lot Size 6,821 Sqft
Property Description
Exceptional investment opportunity in Westchester. This income-producing triplex has a lot to offer including solid rental potential and future development upside thanks to its LAR3 zoning and Tier 3 TOC designation. There are multiple paths for future value - keep as is, expand, or build up for higher density development. The property features three well-maintained units. The first is a two-bedroom, one-bathroom unit fully remodeled with over $50,000 in recent upgrades, showcasing stylish finishes, new fixtures, and thoughtful design throughout. The other two units, each one bedroom and one bathroom, are clean, well-kept, and in great condition. One of the standout features on this property is the detached three-car garage, providing each tenant with their own enclosed parking space. With ample driveway space, there is potential to convert the garages into ADU's. The property has a very low operating cost - owner currently pays $2,400 annually for water, gardener, and repairs. Located in a prime, high-demand area, this property offers easy access to shopping, dining, entertainment, and transportation. Property is sold as is with tenants in place.
Location
State CA
County Los Angeles
Area C29 - Westchester
Zoning LAR3
Exterior
Garage Spaces 3.0
Garage Description 3.0
Building
New Construction No
Others
Special Listing Condition Standard