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Listed by Anthony Rollins and Andrew Bloom of Keller Williams Beverly Hills
**SELLER SAYS BRING ALL REASONABLE OFFERS!** Conveniently located minutes to Sofi, LAX, Silicon Beach, West LA, and the South Bay, this 6-unit building is generating $150,799 in gross income w/ 24% upside in rents. In addition to 3 units having been recently remodeled, the list of building upgrades includes dual pane windows, copper plumbing, a new roof, foundation work, exterior painting and landscaping. The sale includes approved RTI plans to convert both existing garages to a 605 sq ft 2bd/1ba ADU, which will generate an additional $2,700-$2,900/mo. in income. There is also a Tier 3 TOC Density Bonus for future development potential of the 7,008 sq ft R3 lot. This property is a great opportunity and long-term play, for a buyer looking to be in a stable rental area with proximity and access to some of the best attractions of the Westside and South Bay, offering a short-term path to increasing your gross income by over 20%! Seller to do a 1031 exchange at no cost to buyer.

Property Details of 8819 Reading Avenue

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Based on information submitted to CRMLS as of February 23, 2024 1:57 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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