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9030 Reading Ave Los Angeles, CA 90045

$1,120,000 Sold Price as of 12/29/2021

3 Beds
3 Baths
1,800 Sq.Ft.

Sold

$1,120,000 Sold Price as of 12/29/2021 Refinance Your Mortgage

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Map preview of 9030 Reading Ave, Los Angeles, CA 90045

Property Overview: 9030 Reading Ave Los Angeles, CA has 3 bedrooms, 3 bathrooms, 1,800 living square feet and 6,819 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Back on the Market****Excellent Opportunity for Developers, Builders & Investors!!! (Zoned LAR3)) This Triplex is in a desirable Westchester Area of Los Angeles. Setting on a spacious lot. Many new developments in the immediate area, surrounding the property. The Lot is located within minutes to LAX Airport, New NFL Stadium, Beaches and Entertainment. Great Potential for development on this lot! 3 Car detached garage with a long driveway. (One Garage rented for $75.00 Month) Property is sold as is, with tenants in place. Buyer responsible for tenants. Drive by only. Write offers subject to inspection of units. Please do not disturb tenants! All offers must include proof of ability to purchase. Buyer to verify all MLS information , not limited to zoning and updated information . Agent and buyer to follow all Covid19 Safety Guidelines.

Listed by Cyrus Wright | BRE #01001454 | C.W. Realty Corporation

Last checked: 10 minutes ago | Last updated: March 21st, 2024 | Source CRMLS | DOM: 96

Home details

Lot Sq. Ft: 6,819
HOA Dues: $0/mo
Year built: 1950
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: 21704050
City: Los Angeles
County: Los Angeles
Time on Site: 1147 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $650
Total Rent: $650
Pro Forma/Market Rent: $1,800

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,076
Total Rent: $1,076
Pro Forma/Market Rent: $1,800

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,695
Total Rent: $1,695
Pro Forma/Market Rent: $1,800

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 29.1
Gross Scheduled Income: --
Net Operating Income: $2,636
Gross Operating Income: $3,421
Garage Rental Income: $75

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 9030 Reading Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Laundry Information

No Laundry
None

Room Information

Flooring: Tile, Wood

Kitchen Information

No Appliances
None

Interior Features

Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

Exterior Information

No Spa
Spa Features: None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3

Lot Information

Lot Features: Back Yard, Front Yard, Landscaped

Property Information

No View
View: None
Total # of Units: 3
Parcel Number: 4125011024

Location / Neighborhood

Location Information

Directions: South of Manchester Blvd- Near Airport Blvd

View more facts & features

Local Los Angeles Agent

Sale History for 9030 Reading Ave

Last sold for $1,120,000 on December 29th, 2021

March, 2024
Mar 20, 2024

Date

Withdrawn

CRMLS: 24357573

$1,150,000

Price
Feb 16, 2024

Date

Active

CRMLS: 24357573

$1,150,000

Price
Listing provided courtesy of CRMLS

We are pleased to present this exceptional investment opportunity in the heart of Westchester. This triplex, with all units being one-bedroom one bath and delivered with one unit vacant, is an excellent value-add proposition for investors and owner-users. The potential for ADU development, subject to state and local laws, enhances its appeal. Property is also being offered with the two adjacent properties at 9038 and 9044 Reading which can be sold individually or together as a development opportunity. The property's prime location, a stone's throw away from major employers and vibrant commercial hubs, offers a unique blend of convenience and lifestyle. This balance is bound to attract a diverse range of potential tenants.

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November, 2023
Nov 1, 2023

Date

Expired

CRMLS: 23296055

$1,250,000

Price
Aug 1, 2023

Date

Active

CRMLS: 23296055

$1,250,000

Price
Listing provided courtesy of CRMLS

We are pleased to present this exceptional investment opportunity in the heart of Westchester. This triplex, with all units being one-bedroom one bath and delivered with one unit vacant, is an excellent value-add proposition for investors and owner users. The potential for ADU development, subject to state and local laws, enhances its appeal. Property is being offered for sale individually or as a portfolio with the adjacent properties at 9038 and 9044 Reading; The property's prime location, a stone's throw away from major employers and vibrant commercial hubs, offers a unique blend of convenience and lifestyle. This balance is bound to attract a diverse range of potential tenants.

Continue Reading
August, 2021
Aug 26, 2021

Date

Active

CRMLS: 21704050

$1,195,000

Price
Jun 29, 2021

Date

Pending

CRMLS: 21704050

$1,195,000

Price
May 27, 2021

Date

Active

CRMLS: 21704050

$1,195,000

Price
Apr 10, 2021

Date

Pending

CRMLS: 21704050

$1,195,000

Price
Mar 11, 2021

Date

Active

CRMLS: 21704050

$1,195,000

Price
March, 2021
Mar 3, 2021

Date

Expired

CRMLS: 20622456

$1,199,000

Price
Aug 22, 2020

Date

Active

CRMLS: 20622456

$1,199,000

Price
Listing provided courtesy of CRMLS

EXCELLENT OPPORTUNITY FOR DEVELOPERS , BUILDERS & INVESTORS!!!! (ZONED LAR3). THIS TRIPLEX IS IN A DESIRABLE WESTCHESTER AREA OF LOS ANGELES. SETTING ON A SPACIOUS LOT!! MANY REDEVELOPMENTS/NEW STRUCTURES IN THE IMMEDIATE AREA. LOCATED NEARBY LAX AIRPORT, NEW NFL STADIUM , BEACH AND ENTERTAINMENT. ALL WITHIN MINUTES!! GREAT POTENTIAL FOR DEVELOPMENT ON LOT!!! 3 CAR DETACHED GARAGE WITH A LONG DRIVEWAY. (ONE GARAGE RENTED FOR $75.00) PROPERTY SOLD AS IS WITH TENANTS IN PLACE. BUYERS RESPONSIBLE FOR TENANTS. DRIVE BY ONLY. WRITE OFFERS SUBJECT TO INSPECTION! PLEASE DO NOT DISTURB TENANTS. ALL OFFERS MUST INCLUDE PROOF OF ABILITY TO PURCHASE!!! BUYER TO VERIFY ALL MLS INFORMATION NOT LIMIT TO ZONING AND UPDATED INFORMATION. AGENTS AND BUYERS TO FOLLOW ALL COVID19 SAFETY GUIDELINES.

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August, 2020
Aug 25, 2020

Date

Canceled

CRMLS: 20556706

$1,200,000

Price
Jul 21, 2020

Date

Withdrawn

CRMLS: 20556706

$1,200,000

Price
Feb 21, 2020

Date

Active

CRMLS: 20556706

$1,200,000

Price
Listing provided courtesy of CRMLS

EXCELLENT OPPORTUNITY FOR DEVELOPERS, BUILDERS & INVESTORS!!!! (ZONED LAR3) POTENTIAL!!!!! THIS TRIPLEX IS LOCATED IN A DESIRABLE WESTCHESTER AREA OF LOS ANGELES. SETTING ON A SPACIOUS LOT!!!! MANY REDEVELOPMENTS/ NEW STRUCTURES IN THE AREA!!! LOCATED NEARBY LAX AIRPORT, BEACH, ENTERTAINMENT , SHOPPING AND THE NEW NFL STADIUM, ALL WITHIN MINUTES!!! GREAT POTENTIAL IN THE LOT/LAND!!! 3 DETACHED GARAGES WITH LONG DRIVE WAY. 2 UNITS TENANT OCCUPIED! **ONE UNIT VACANT** ONE GARAGE RENTED $75.00 MONTHLY. LONG TERM TENANTS! PROPERTY'S SOLD AS IS WITH TENANTS IN PLACE!!!! BUYER RESPONSIBLE FOR TENANTS!!!! DRIVE BY ONLY!!!!! WRITE OFFER SUBJECT TO INSPECTION!!! PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS!!!! ALL OFFER MUST INCLUDE POOF OF ABILITY TO PURCHASE! WANT LAST LONG!!!! BUYER TO VERIFY ALL MLS INFORMATION NOT LIMITED TO ZONING AND UPDATED IN THE AREA!!!

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July, 1999
Jul 7, 1999

Date

Sold (Public Records)

Public Records

$205,000

Price

Tax History for 9030 Reading Ave

Assessed Value (2020): $420,644

Year	Land Value	Improved Value	Assessed Value
2020	$252,811	$167,833	$420,644

Home Value Compared to the Market

This property vs the competition

9030 Reading Ave sold on December 29, 2021 for 13.81% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $663.89 per/sqft which puts the price per square foot 10.04% lower than the current median sale per square foot for the city of Los Angeles.

About 9030 Reading Ave

Detailed summary of property

9030 Reading Ave is a multi family that recently sold in Los Angeles, CA 90045. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 1,800 living square feet, and sits on an approximately 6,819 square foot lot. 9030 Reading Ave was first listed on ArdentRealEstateGroup.com on March 11, 2021. The homeowner sold the property for $1,120,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 13.81% higher than the current median priced home. Local homes that are currently for sale include 3961 S Centinela Ave, 4707 Crenshaw Blvd and 11466 Venice Blvd. While the average home in Los Angeles, CA is selling in 96 days, 9030 Reading Ave has a days on market of 96 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 9030 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.