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$1,200,000   Price Analysis
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9030 Reading Ave
Los Angeles, CA 90045
3 bed 3 bath 1,800 SqFt ($666/SqFt)
6,821SqFt lot. Built 1950
Listed 2024-07-09, Taxes $13,443
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

We are pleased to present an exceptional investment opportunity in the heart of Westchester.

This triplex, featuring three one-bedroom, one-bath units is fully occupied, offering immediate rental income for investors and owner-users. Notably, one of the one-bedroom units has been completely renovated with a new kitchen and fixtures, new bathroom and fixtures, new cabinets, new sink, new floors, new ceiling fans, new closet doors, new faux wood blinds and new lighting throughout.

Additionally, the property offers three single-car garages. There is a separate structure containing two of these garages, which is ripe for an ADU conversion/expansion, subject to state and local laws. The property is also available with the adjacent property at 9038 Reading, which can be sold ndividually or together as a development opportunity. The prime location, close to major employers, beaches and vibrant commercial hubs, combines convenience and lifestyle, making it an attractive option for a wide range of potential tenants. Offers to be made subject to inspection.


Presented by Don Favia at
Realty Investment Advisors, Inc.


Property MLS #24-412865 from TheMLSCLAW

Bedrooms: 3

Total Bathrooms: 3
Full Bathrooms: 3

Cooling Features: Air Conditioning
Heating Features: Wall

Lot Description: 2-4 Lots
Lot Size Acres: 0.1565886
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6821

Garage Spaces: 3
Garage Description: Detached
Parking Total: 3

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 3
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2150, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2676, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2150

Source Listing Status: Active
County: Los Angeles
Directions: South on intersection of Ramsgate & Manchester
Source Property Type: Residential Income
Area: Westchester
Source Neighborhood: Westchester
Parcel Number: 4125-011-024
Postal Code Plus 4: 4622
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$170,000 + $950,000
$1,120,000
$13,443
2021$169,571 + $255,430
$425,001
$5,367
2020$167,833 + $252,811
$420,644
$5,418
2019$164,543 + $247,854
$412,397
$5,213
2018$161,317 + $242,995
$404,312
$5,085
2017$158,154 + $238,231
$396,385
$4,978
2016$155,053 + $233,560
$388,613
$4,854
2015$132,205 + $206,415
$338,620
$4,258
2014$129,616 + $202,372
$331,988
$4,294
2013$93,603 + $162,253
$255,856
$3,374
2012$91,768 + $159,072
$250,840
$3,418
2010$89,969 + $155,953
$245,922
$3,359
2009$89,510 + $155,156
$244,666
$3,234
2009$89,297 + $154,788
$244,085
$3,234
2008$87,755 + $152,114
$239,869
$3,102
2007$86,035 + $149,132
$235,167
$2,999

Listed 2024-07-09
$1,200,000
TheMLSCLAW
Listing removed 2024-03-21
$0
TheMLSCLAW
Listed 2024-02-16
$1,150,000
TheMLSCLAW
Listing removed 2023-11-07
$0
TheMLSCLAW
Listed 2023-08-01
$1,250,000
TheMLSCLAW
Sold 2021-12-29
$1,120,000
TheMLSCLAW
Listing removed 2021-03-04
$0
TheMLSCLAW
Listed 2020-08-23
$1,199,000
TheMLSCLAW
Listing removed 2020-07-22
$0
TheMLSCLAW
Listed 2020-02-21
$1,200,000
TheMLSCLAW
Listing removed 1999-08-03
$235,000
ITECH
Listing removed 1999-08-03
$235,000
ITECH
Sold 1999-07-07
$205,000
Public Record
Listing removed 1998-10-06
$235,000
ITECH
Listed 1998-06-22
$235,000
ITECH
Listed 1998-06-05
$235,000
ITECH
Listed 1998-06-05
$235,000
ITECH
Sold 1985-03-19
$155,000
Public Record

Net Operating Income: 27005

Total Square Feet Living: 1800
Year Built: 1950
Common Walls: Attached
Direction Faces: West
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 74
Property Condition: Updated/Remodeled, Value Mainly In Land
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced

Westport Heights Elementary School is a public elementary school located approximately 1 miles away.
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Orville Wright Engineering And Design Magnet is a public middle school located approximately 1.6 miles away.
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Westchester Enriched Sciences Magnets is a public high school located approximately 2.7 miles away.
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Carousel - Airport Blvd is a private elementary school located approximately 0.6 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.