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9025 Reading Ave, Los Angeles, CA 90045
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9025 Reading Ave Los Angeles, CA 90045

$1,187,000 Sold Price as of 10/17/2023
  • 7 Beds
  • 6 Baths
  • 3,423 Sq.Ft.
Sold
$1,187,000 Sold Price as of 10/17/2023 Refinance Your Mortgage
Map preview of 9025 Reading Ave, Los Angeles, CA 90045

Property Overview: 9025 Reading Ave Los Angeles, CA has 7 bedrooms, 6 bathrooms, 3,423 living square feet and 7,006 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: JUST REDUCED BY $150,000! | Located in the Highly Desirable Westchester Submarket of Los Angeles | Tremendous Value-Add Potential - Approximately 60% in Rental Upside | 6.78 % Pro-Forma Cap Rate & 11.21 Pro-Forma GRM | Close Proximity to Playa Del Rey, Playa Vista, LAX Airport, Silicon Beach & Inglewood | Approximately 2.5 Miles to Loyola Marymount University, Otis College of Art and Design & SoFi Stadium | Located Near Offices of YouTube, Facebook, Microsoft, IMAX Headquarters, Fox Sports & the Promenade at Howard Hughes Center | Highly Attractive Unit Mix of (Two) 2-Bed/2-Bath Units, (One) 2-Bed/1-Bath Unit & (One) 1- Bed/1-Bath Unit | Gated Common Area, On-Site Laundry Facility & Total of 4 Garage Spaces | Large 7,006-Square Foot Lot | Qualifies for Residential Financing

Listed by David Messiah | BRE #02117893 | Shield CRE, Inc.
Co-listed by Gianluca Jacoli | BRE #01938297 | Shield CRE, Inc.
Last checked: 11 minutes ago | Last updated: October 17th, 2023 | Source CRMLS | DOM: 245

Home details

Lot Sq. Ft
7,006
HOA Dues
$0/mo
Year built
1950
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
23241871
City
Los Angeles
County
Los Angeles
Time on Site
457 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,145
  • Total Rent: $1,145
  • Pro Forma/Market Rent: $2,575
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,545
  • Total Rent: $1,545
  • Pro Forma/Market Rent: $2,075
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.54%
  • Gross Rent Multiplier: 17.92
  • Gross Scheduled Income: --
  • Net Operating Income: $46,917
  • Gross Operating Income: $72,315
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 9025 Reading Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, Individual Room
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Estimated
Property Information
  • Total # of Units: 4
  • Parcel Number: 4125011035
  • Year Built Source: Estimated
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West of Aviation Boulevard, North of Arbor Vitae Street, South of Manchester Avenue, East of Sepulveda Boulevard
View more facts & features

Local Los Angeles Agent

Sale History for 9025 Reading Ave

Last sold for $1,187,000 on October 17th, 2023

  • October, 2023

  • Oct 17, 2023

    Date

    Sold

    CRMLS: 23241871

    $1,187,000

    Price

  • Feb 14, 2023

    Date

    Active

    CRMLS: 23241871

    $1,575,000

    Price

  • December, 2022

  • Dec 8, 2022

    Date

    Canceled

    CRMLS: 22199715

    $1,575,000

    Price

  • Sep 14, 2022

    Date

    Active

    CRMLS: 22199715

    $1,625,000

    Price

  • Listing provided courtesy of CRMLS

    Located in the Highly Desirable Westchester Submarket of Los Angeles | Tremendous Value-Add Potential - Approximately 65% in Rental Upside | 5.65% Pro-Forma Cap Rate & 12.93 Pro-Forma GRM | Close Proximity to Playa Del Rey, Playa Vista, LAX Airport, Silicon Beach & Inglewood | Approximately 2.5 Miles to Loyola Marymount University, Otis College of Art and Design & SoFi Stadium | Located Near Offices of YouTube, Facebook, Microsoft, IMAX Headquarters, Fox Sports & the Promenade at Howard Hughes Center | Highly Attractive Unit Mix of (Two) 2-Bed/2-Bath Units, (One) 2-Bed/1-Bath Unit & (One) 1- Bed/1-Bath Unit | Gated Common Area, On-Site Laundry Facility & Total of 4 Garage Spaces | Large 7,006-Square Foot Lot | Qualifies for Residential Financing

  • December, 2017

  • Dec 1, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 9025 Reading Ave

Assessed Value (2020): $187,453
Year Land Value Improved Value Assessed Value
2020 $53,327 $134,126 $187,453

Home Value Compared to the Market

This property vs the competition

9025 Reading Ave sold on October 17, 2023 for 11.34% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $387.09 per/sqft which puts the price per square foot 48.73% lower than the current median sale per square foot for the city of Los Angeles.

About 9025 Reading Ave

Detailed summary of property

9025 Reading Ave is a multi family that recently sold in Los Angeles, CA 90045. This multi family property offered 7 bedrooms, 6 bathrooms, roughly 3,423 living square feet, and sits on an approximately 7,006 square foot lot. 9025 Reading Ave was first listed on ArdentRealEstateGroup.com on February 15, 2023. The homeowner sold the property for $1,187,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 11.34% higher than the current median priced home. Local homes that are currently for sale include 5700 S Van Ness Ave, 5161 W Jefferson Blvd and 1652 W 81st St. While the average home in Los Angeles, CA is selling in 94 days, 9025 Reading Ave has a days on market of 245 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 9025 Reading Ave Los Angeles, CA 90045 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 9025 Reading Ave

Public county record property details
Beds
7
Baths
6
Year built
1950
Sq. Ft.
3,423
Lot Size
7,006
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
114
APN
4125-011-035

The source for these homes facts are from public records.

90045 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,599,000
Median List Price/Sq.Ft.
$874
Median Sold Price
$1,510,000
Median Sold Price/Sq.Ft.
$880
Total Inventory
98
Median Sale to List Price %
103.78%
Avg Days on Market
37
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (7.14%)

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Recently Sold Homes Near 9025 Reading Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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