8819 Reading

Los Angeles , CA 90045

MLS#: PV25231622

$2,149,000

Status: Active
Listing number: PV25231622
Listing provided by: Coldwell Banker Realty
Listing agent phone: None
Last update: 6 days ago
On site: 9 days ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1951

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Asphalt, Concrete

  • Pool

    No

Area & Lot

  • Lot Features

    Sprinklers In Front, Landscaped

  • Lot Size(acres)

    0.1609

  • Property Type

    Commercial Sale

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $2,149,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Frank Ponce , Coldwell Banker Realty

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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.

8819 Reading

Message successfully sent.

What would you like to know?

Related Properties

Single tenant net investment opportunity with long standing tenant in place. 4 years approximate remaining on current lease extension and one 5 year option subsequent. Excellent street exposure on Venice Blvd. Parking in the rear on the alley. Offices or storage use on the second floor.
#OC25223449

Los Angeles

10939 Venice Boulevard

None Beds

None Baths

2,022 Sq.Ft.

$2,500,000

MLS#: OC25223449

Welcome to 248 S Hobart Blvd, an exceptional 8-unit apartment building located in the heart of Koreatown, one of Los Angeles’ most vibrant and high-demand rental markets. Built in 1928, this charming property offers a vintage aesthetic while benefiting from recent upgrades, including a new roof (2020), exterior paint and patching (2020), and updated electrical systems (2022–2023). The building consists of eight spacious 2-bedroom, 1.25-bath units, each approximately 920 sq. ft., spread across two floors. All units are separately metered, providing operational efficiency. Current rents are significantly below market, offering substantial upside potential as units turn over. Pro forma rents project income growth to over $17,600 per month, supporting a pro forma cap rate of 6.64%. Situated on a 10,386 sq. ft. lot with R3-1 zoning, the property totals 7,359 sq. ft. of building space. Residents enjoy easy access to local amenities including renowned restaurants, shopping, markets, schools, and public transit—just blocks from the Metro Red and Purple lines. The property’s walkable location, one block off Western Avenue, makes it highly desirable for tenants seeking convenience and connectivity. Ideal opportunity for investors seeking stable cash flow, low vacancy, and strong long-term upside in one of Los Angeles’ most dynamic rental submarkets.
#PW25219562

Los Angeles

248 S Hobart

None Beds

None Baths

7,359 Sq.Ft.

$1,800,000

MLS#: PW25219562

Prime Mixed-Use Investment Opportunity in South Los AngelesLocation: Corner of Broadway & 59th Street, South LA (South Central)Property Type: Mixed-Use 8 Residential Units + 2 Retail Spaces + Detached SFRZoning: [Insert zoning info if known, e.g., LAC2]This is a rare opportunity to own a high-potential mixed-use property located on a busy corner in the heart of South Los Angeles. Situated at the intersection of Broadway and 59th Street, this property offers exceptional street visibility and consistent foot traffic ideal for retail tenants and long-term appreciation.Property Highlights:*8 Upstairs Apartment Units All currently tenant-occupied with upside potential in rental income. Minor cosmetic updates could significantly increase market rents.*2 Ground-Level Retail Spaces Great street frontage and signage exposure. Perfect for local businesses, with the potential to upgrade and attract higher-paying tenants.*1 Detached Single-Family Home (Rear of Property) Private and versatile, ideal as a rental, owner-user unit, or ADU conversion opportunity.*Corner Lot. Enhances visibility and accessibility for retail spaces.*Value-Add Potential With light renovations, this property offers a strong upside in rent increases across all units.Whether you're a seasoned investor or new to the market, this property is a prime value-add investment with strong current income and even greater future potential. Its mix of residential and commercial units provides a diversified income stream, and the location in a rapidly developing area makes it a strategic long-term hold.
#25590133

Los Angeles

5975 S Broadway

None Beds

None Baths

6,858 Sq.Ft.

$1,995,000

MLS#: 25590133

None
#25591607

Los Angeles

837 S Berendo Street 1

None Beds

None Baths

5,732 Sq.Ft.

$1,890,000

MLS#: 25591607

Warehouse newly permitted for extra electricity capacity. Two offices, two bathrooms and three great rooms with new AC and perfect for growing or for industrial or storage.
#SR25133862

Los Angeles

5965 Avalon Boulevard

None Beds

None Baths

5,625 Sq.Ft.

$1,790,000

MLS#: SR25133862

Exceptional Mid-City development opportunity! Fully RTI plan set approved for a medical facility at the corner of Venice & Hauser. Project includes architectural drawings and permits ready to issue no entitlement delays. Prime LAC2 zoning with excellent visibility, strong traffic counts, and convenient access to the 10 Freeway and major Los Angeles corridors. Large 8,972 SF lot currently in an Opportunity Zone. Total parking: 14 spaces, including 1 handicap space and 3 bicycle parking.
#25581157

Los Angeles

5506 Venice Boulevard

None Beds

None Baths

4,592 Sq.Ft.

$2,495,000

MLS#: 25581157

Extraordinary mixed-use site w/unlimited potential in prime West Los Angeles! In 1941, famed architect Gerard Colcord was commissioned to design this extraordinary compound (showroom, offices + 3-bedroom residence) which today offers numerous opportunities due to its commercial zoning including: retail, design studio, art gallery, or even a zen venue for a tech start-up as it's moments away from Silicon Beach. First owner maintained property for 71 years; current owner (past 12 years) made updates including landscaping by well-known garden designer Jay Griffith. Originally the site of Toyoshima Seed Company, the property served simultaneously as a business and home for nearly 7 decades while supplying local farms around Centinela Avenue. Property fronts Centinela Avenue w/generous alley access and motor court parking for three vehicles in addition to 3-car garage. ADU potential, easy to show.
#25579741

Los Angeles

4546 S Centinela Avenue

None Beds

None Baths

2,457 Sq.Ft.

$2,350,000

MLS#: 25579741

Aegis Management, Inc. is pleased to offer this unique development opportunity in one of Los Angeles' most desirable neighborhoods to market for $2,000,000! The subject property is located on Hyperion Street, one block west of Griffith Park Boulevard, just south of theTracy Street / Hyperion Avenue "Y" Intersection, about three (3) blocks west of the actual Silver Lake Reservoir, within the Silver Lake community of Los Angeles. The 10,058 sq. foot-lot is zoned C2-1VL allowing by right a variety of uses including apartments as well as office, retail, warehouse and other commercial uses. The existing site consists of a vacant office property, and a metal storage warehouse, both of which will be vacant at the close of escrow. One of the commercial spaces is currently leased to an auto upholstery tenant who pays $1,500 / month on a month to month tenancy. There is also a billboard lease on site which pays $200 / month. Hyperion Ave is a major thoroughfare in the popular Silver Lake neighborhood which continues to be in high demand due to it's cultural vibrancy and attractive infrastructure including parks, green space and excellent freeway accessibility. 61% of Silver Lake residents are under the age of 44 and 63% of residents hold a bachelor's degree or higher per Niche.com. Also per Niche.com, 61% of residents rent their homes, and this affluent renter should facilitate increased rental growth and demand as well as property appreciation well into the future. Do not miss this opportunity to develop in one of LA's hottest neighborhoods at an attractive price!
#25572571

Los Angeles

2346 Hyperion Avenue

None Beds

None Baths

3,552 Sq.Ft.

$2,000,000

MLS#: 25572571

Lovely stand-alone building with an open floor plan, constructed in 2010. Two air conditioning systems; one at the front of the building and another at the rear. Most recently utilized as a preschool, licensed by the state licensing system. Safety approved play structure in the back of the building. One adult bathroom, and a second bathroom with five stalls suitable for children. Easily modified into a second adult bathroom if needed. Full kitchen with an ample pantry area. Three offices, and one break room. The building was constructed with potential expansion in mind, so the existing foundation can accommodate the construction of a second story if needed. Electric security gate at the front of the building. Ample gated parking, also at the front of the building.
#25565781

Los Angeles

4061 W Washington Boulevard

None Beds

None Baths

3,150 Sq.Ft.

$1,765,000

MLS#: 25565781

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here