For Sale
$4,995,000

8732 Reading AveLos Angeles, CA 90045

11-Unit Apartment Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • $4,995,000 asking price for an 11-unit apartment building.
  • 14,668 square foot, three-story building.
  • New construction, less than 10 years old.
  • Rent control exemption (AB 1482 & LARSO) for 9 years.
  • Significant rental upside potential.
  • Spacious units with individually metered utilities.

Property Details for 8732 Reading Ave

Property type
Apartment buildings
Square Feet
15,000 SF
Year Built
2014
Lot Size (sq. ft)
11,761 SF
Units
11

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9591243
Longitude
-118.381252
8732 Reading Ave, Los Angeles, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8732 Reading Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message