8893 READING AVE, LOS ANGELES, CA 90045

Property Description

About this home

This turnkey asset in Westchester is offered at $318,750 per unit. The 2,829 SF building on a 7,068 SF street-to-alley lot features (1) 2-bed/1-bath unit and (3) 1-bed/1-bath units, with a current 5.37% cap rate and 12.66 GRM, with additional upside through ADU development. The interiors are fully upgraded with quartz countertops, shaker cabinets, new flooring, recessed lighting, stainless steel appliances, and an on-site coin-operated laundry room. Additional improvements include upgraded electrical panels, plumbing systems, and tankless water heaters. The property also features (2) detached two-car garages, offering potential ADU conversion (buyer to verify). Zoned LAR3 with TOC Tier 3, the asset presents strong development potential in a rapidly growing Westchester submarket. Tenants enjoy convenient parking and a prime location near LAX, Playa Vista, and Silicon Beach, with easy access to major employment hubs, retail, and transit. 8893 Reading Ave represents a turnkey opportunity with strong returns and future upside in one of Los Angeles’ most sought-after rental markets.

Key things to know

• Turnkey asset with one 2-bed/1-bath and three 1-bed/1-bath units.
• Interiors upgraded with quartz countertops, shaker cabinets, new flooring, recessed lighting, stainless appliances.
• On-site coin-operated laundry and upgraded electrical/plumbing, tankless water heaters.
• Two detached two-car garages with potential ADU conversion, zoning TOC Tier 3.
• Prime Westchester location near LAX, Playa Vista, and Silicon Beach with easy transit access.