16
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$1,250,000
Est. payment /mo
4 Beds
3 Baths
2,364 SqFt
New
9020 Reading AVE Los Angeles, CA 90045
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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
HOA Y/N No
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
Interior
Fireplace No
Exterior
Garage Spaces 3.0
Garage Description 3.0
Total Parking Spaces 3
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4125011026
Special Listing Condition Standard
Listed by Lauren Foster Coldwell Banker Realty
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