8819 Reading
Los Angeles, CA, 90045 $ 2,099,000
Bedrooms-- Baths4.0 Sq 4,616 Monthly Estimate*
$ 13,095
Listed by Coldwell Banker Realty
for $2,099,000 with 4 full baths. This 4,616 square foot building was built in 1951 on a lot size of 0.1609.
A Rare Corner of Promise — Just Beyond the Beaten Path In a quiet pocket of the city, where the pulse of Los Angeles hums with purpose — near the thrum of SoFi Stadium, the runways of LAX, the innovation of Silicon Beach, and the coastal hush of the South Bay — stands a property built not just of wood and stone, but of opportunity. This 7-unit building, solid and steadfast, has weathered time with grace and has recently been granted new life: over $400,000 in thoughtful improvements — copper plumbing that sings with water’s flow, dual-pane windows that hold back the din of the outside world, and a foundation made firmer than before. A fresh coat of paint now dresses its exterior, while the land around it breathes easier, newly landscaped. Among its offerings, a brand-new, fully permitted 2-bedroom/1-bath ADU — not merely an accessory, but a home in itself — joins the ranks of four newly remodeled units. Altogether, the property brings in a hearty $182,688 in gross income, with the potential to climb another 37.34%. And with a Tier 3 TOC Density Bonus and a 7,008 sq ft R3 lot, the future whispers promises of more — more units, more income, more value. Investors, take note: this is not just an address. It is a stake in one of the most stable rental markets in Los Angeles, where tenants come and stay, and the heartbeat of the Westside and South Bay is but minutes away. The seller, seasoned and serious, offers the added grace of a 1031 exchange at no cost to you — a gesture of goodwill in a city that rarely gives anything away. This is more than a building. It’s a long-term haven for the discerning investor, a place where past effort meets future reward. Don’t let it slip past like so many missed chances. Reach out to receive the full offering memorandum — and see for yourself what happens when location, income, and vision align.
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FeaturesGeneralHeating Wall Furnace
Cooling None
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Water Connected
Roof Asphalt
Construction Materials Asphalt Concrete
Year Built 1951
Electric 220 Volts
Property Subtype Multi Family
Business Type Multi-Tenant
County Los Angeles
Net Operating Income 139597
Operating Expense 37610
Insurance Expense 3000
Property Type Commercial Sale
MaintenanceExpense 1400
Special Listing Conditions Standard
Status Active
Directions From 504 exit west on Manchaster left on Ramsgate to Reading
City Los Angeles
Number Of Units Total 7
MLS Area C29 - Westchester
Lot Size Units Square Feet
Lot Size Square Feet 7008
Carport Spaces 4
Carport Y/N true
Number of Units Leased 7
Listing Terms Cash Conventional Contract 1031 Exchange
Electric Expense 2200
Water Sewer Expense 2200
Additional Parcels Y/N false
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional Multi Family
Cap Rate 6.5
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InteriorTotal Stories 2
Air Conditioning Y/N false
Heating Y/N true
Laundry Features None
Entry Level 1
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ExteriorFencing Partial
Lot Features 0-1 Unit/Acre Sprinklers In Front Landscaped
Water Source Public
Total Parking 4
Lot Size Area 7008
Number of Buildings 2
Building Area Total 4616
Lot Size Acres 0.1609
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* Excluded FeaturesList ByColdwell Banker RealtyBroker
frank@frankponce.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,095
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Los Angeles, CA
Average List Price $2,718,653
Percent of Sale Price 30%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/20/2025 | $2,099,000 | | Listed Price |