8732 Reading Ave Los Angeles, CA 90045

This exceptional 11-unit apartment building, located at 8732 Reading Ave, Los Angeles, CA 90045, presents a compelling investment opportunity. The property boasts 15,000 square feet on a 0.27-acre lot and was constructed in 2014, making it a relatively new building. The building features spacious units, all equipped with individually metered utilities, water heaters, air conditioning, and forced-air heating. Secure subterranean parking accommodates 20 vehicles. The building's three stories offer a substantial footprint, totaling approximately 14,668 square feet. A significant advantage is the current exemption from both AB 1482 and the Los Angeles County Rent Stabilization Ordinance (LARSO) for an additional nine years, providing substantial rental upside potential. The asking price is $4,995,000, translating to $454,091 per unit. Its convenient location near LAX adds to its appeal. This property offers a rare combination of new construction, rent control exemption, and significant potential for rental income growth, making it an ideal investment in the thriving Los Angeles market.