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Sold for $1,200,000
    • Listed by: Lyon Stahl Investment Real Estate, Inc. • Ryan Versfelt • Contact: 310-425-9838
    Bought with: Lyon Stahl Investment Real Estate, Inc.
    $1,200,000

    8893 Reading Ave, Los Angeles, CA 90045

    5beds
    4baths
    2,829sqft
    Multi Family
    Built in 1950
    -- sqft lot
    $1,271,200 Zestimate®
    $424/sqft
    $3,879 Estimated rent

    Home value

    $1,271,200

    $1.21M - $1.33M

    $3,879/mo

    Zestimate® history
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    What's special

    Detached two-car garagesNew flooringQuartz countertopsStainless steel appliancesRecessed lightingShaker cabinetsConvenient parking
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Versfelt DRE #02212779 310-748-1445,

    Lyon Stahl Investment Real Estate, Inc.,

    David Messiah DRE #02117893 310-561-2384,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    Ryan Versfelt, DRE #02212779

    Lyon Stahl Investment Real Estate, Inc.

    David Messiah, DRE #02117893

    Lyon Stahl Investment Real Estate, Inc.

    Source: CRMLS,MLS#: SB26067928MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Rooms
    • Room types: Kitchen
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area, Laundry Room
    Features
    • Flooring: Vinyl
    • Windows: Double Pane Windows
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 2,829
    • Total interior livable area: 2,829 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned
    • Garage spaces: 4
    Accessibility
    • Accessibility features: Parking
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,068 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 4125014006
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Asphalt
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Biking, Curbs, Golf, Storm Drain(s), Street Lights, Suburban, Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $424/sqft
    • Tax assessed value: $1,047,426
    • Annual tax amount: $12,970
    • Date on market: 4/1/2026
    • Cumulative days on market: 19 days
    • Listing terms: Contract
    • Total actual rent: 8393
    • Tenant pays: Electricity, Gas
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/22/2026Sold$1,200,000-5.9%$424/sqft
    Source: CRMLS #SB26067928 Report a problem
    4/23/2026Pending sale$1,275,000$451/sqft
    Source: CRMLS #SB26067928 Report a problem
    4/1/2026Listed for sale$1,275,000+44.9%$451/sqft
    Source: CRMLS #SB26067928 Report a problem
    1/19/2024Listing removed--
    Source: Zillow Rentals Report a problem
    1/4/2024Listed for rent$2,300+7%$1/sqft
    Source: Zillow Rentals Report a problem
    7/4/2017Listing removed$2,150$1/sqft
    Source: Silicon Beach Property Management Report a problem
    5/8/2017Price change$2,150-2.1%$1/sqft
    Source: Silicon Beach Property Management Report a problem
    2/24/2017Listed for rent$2,195$1/sqft
    Source: Silicon Beach Property Management Report a problem
    11/6/2015Sold$880,000$311/sqft
    Source: Public Record Report a problem
    6/2/2015Listing removed$880,000$311/sqft
    Source: Marcus & Millichap #15909873 Report a problem
    5/30/2015Listed for sale$880,000+12.1%$311/sqft
    Source: Marcus & Millichap #15909873 Report a problem
    8/28/2014Listing removed$785,000$277/sqft
    Source: Keller Williams Realty Studio City #14741633 Report a problem
    4/24/2014Listed for sale$785,000$277/sqft
    Source: Keller Williams Realty Studio City #14741633 Report a problem
    3/11/2014Listing removed$785,000$277/sqft
    Source: Keller Williams Realty Studio City #14741633 Report a problem
    3/7/2014Listed for sale$785,000+134.3%$277/sqft
    Source: Keller Williams Realty Studio City #14741633 Report a problem
    5/1/2001Sold$335,000$118/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,970 +1.6%$1,047,426 +2%
    2024$12,766 +1.9%$1,026,889 +2%
    2023$12,525 +4.8%$1,006,755 +2%
    2022$11,951 +1.3%$987,015 +2%
    2021$11,795 -1%$967,663 +1%
    2020$11,914 $957,741 +2%
    2019$11,914 +5.5%$938,962 +2.6%
    2018$11,292 $915,552 +2%
    2017$11,292 +2.2%$897,600 +2%
    2016$11,050 +2.4%$880,000 +57.7%
    2015$10,787 +54.2%$557,847 +2%
    2014$6,997 $546,921 +2.5%
    2012-- $533,777 +2%
    2011-- $523,311 +0.8%
    2010-- $519,401 -0.2%
    2009-- $520,636 +2%
    2008-- $510,429 +2%
    2007-- $500,421 +2%
    2006-- $490,609
    2005-- $490,609 +38.2%
    2004-- $355,039 +1.9%
    2003-- $348,533 +2%
    2002-- $341,700 +34.5%
    2000-- $254,000
    Find assessor info on the county website

    Neighborhood: Westchester

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    Estimated market value
    $1,271,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,271,200

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