8835 Reading Avenue

    Los Angeles (City), CA 90045
    • $1,475,000
    • STATUS: Closed
    • ON SITE: 180 days
    • ID#: 18334414
    Sold - 07/20/2018
    $1,475,000
    SOLD - 07/20/2018
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,829
      SQFT
    • $521
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    We are proud to present 8829 S. Reading Ave. and 8835 S. Reading Ave. in the Westschester neighborhood of Los Angeles for $3,200,000.00. The properties sit side by side backing up to an alley, the first containing a Triplex and the second a Fourplex. Developers.... capitalize on the prime R3++G++G+-1 Tier 3 Zoning for the development of a new apartment building. By++G++G+- right construction would allow for an 18++G++G+- unit building; utilize a Density Bonus and build approximately 32 units. Cash flow now and build at a later date or submit to planning right away and build a beautiful, brand new custom apartment building with great proximity to jobs, nightlife, restaurants and so much more! These properties MUST be sold together concurrently.

    Sold by Dario Svidler of Pacific Union International.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T22:28:35.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/82718912

    8835 Reading Avenue Los Angeles (City), CA 90045

    • Price: $1,575,000
    • Status: Closed
    • Updated: 19 min ago
    • ID#: 18334414
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,829
    SQFT
    $521
    $/SQFT
    1950
    Built
    Neighborhood:
    C29 - Westchester
    County:
    Los Angeles
    Area:
    C29 - Westchester
    Property Description
    We are proud to present 8829 S. Reading Ave. and 8835 S. Reading Ave. in the Westschester neighborhood of Los Angeles for $3,200,000.00. The properties sit side by side backing up to an alley, the first containing a Triplex and the second a Fourplex. Developers.... capitalize on the prime R3++G++G+-1 Tier 3 Zoning for the development of a new apartment building. By++G++G+- right construction would allow for an 18++G++G+- unit building; utilize a Density Bonus and build approximately 32 units. Cash flow now and build at a later date or submit to planning right away and build a beautiful, brand new custom apartment building with great proximity to jobs, nightlife, restaurants and so much more! These properties MUST be sold together concurrently.
    Exterior Features

    Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Wall Window Cooling YN Yes

    Property Features

    Gross Multiplier 0.00 Gross Operating Income 62520.00 Improvements Amount 165584 Land Value 529874 Net Operating Income 0.00 Special Listing Conditions Standard Total Expenses 0.00 Zoning Lar3

    Listing provided courtesy of Lee Mintz of Pacific Union International and Dario Svidler of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T22:28:35.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    7101 Playa Vista Dr.
    Playa Vista CA, 90094