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9038 Reading Ave, Los Angeles, CA 90045

Sale Price: $1,175,000
Jul 9, 20242,364 sqft4 beds3 baths
Listed by: Don Favia
License #: 01841258
Phone #: 424-377-6002
Realty Investment Advisors, Inc.
Source:
CRMLS Logo
MLS #: 24412899

Property Description

We are pleased to present an exceptional investment opportunity in the heart of Westchester. This triplex, featuring two one-bedroom, one-bath units and one two-bedroom, one-bath unit, offering immediate rental income for investors and owner-users. Notably, one of the one-bedroom units, currently vacant, 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, all located in a separate structure, which is ripe for an ADU conversion, subject to state and local laws. The property is also available with the adjacent property at 9030 Reading, which can be sold individually or together as a development opportunity. The prime location, close to major employers, beaches, new stadium, and vibrant commercial hubs, combines convenience and lifestyle, making it an attractive option for a wide range of potential tenants. Offers subject to inspection.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,679

TurboHome Estimated Value

$1,089,300

$461 sqft

High Valuation
$1,143,765
$484/sqft
Normal Valuation
$1,089,300
$461/sqft
Low Valuation
$1,034,835
$438/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$461/sqft$1,089,300

Neighborhood: Westchester

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Comparative Value

$1.18M

$1.20M

$1.43M

$1.45M

$1.50M

$1.52M

9038 Reading Ave, Los Angeles, CA 90045

Sale Price: $1,175,000

Selected Comparable

9038 Reading Ave, Los Angeles, CA 90045

List Price: $1,200,000

Subject Property

6422 W 87th Pl, Los Angeles, CA 90045

Sale Price: $1,429,025

Selected Comparable

5886 W 77th Pl, Los Angeles, CA 90045

Sale Price: $1,450,000

Selected Comparable

6583 W Manchester Ave, Los Angeles, CA 90045

Sale Price: $1,500,000

Selected Comparable

6200 W 77th St, Los Angeles, CA 90045

Sale Price: $1,525,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
9038 Reading Ave, Los Angeles, CA 90045

9038 Reading Ave, Los Angeles, CA 90045

List: $1,200,000

Listed: 7/9/2024

Area:2,364 sqft
Price/sqft:$508
Beds:4
Baths:3
Year Built:
Lot Size:6,823

Comparable Properties

COMPARABLE
Choose comps
9038 Reading Ave, Los Angeles, CA 90045

9038 Reading Ave, Los Angeles, CA 90045

Sale: $1,175,000

11/1/20240.00 mi

Area:2,364 sqft
Price/sqft:$497
Beds:4
Baths:3
Year Built:
Weight:25.8%
6422 W 87th Pl, Los Angeles, CA 90045

6422 W 87th Pl, Los Angeles, CA 90045

Sale: $1,429,025

4/22/20251.09 mi

Area:2,149 sqft
Price/sqft:$665
Beds:4
Baths:2
Year Built:
Weight:20.2%
6583 W Manchester Ave, Los Angeles, CA 90045

6583 W Manchester Ave, Los Angeles, CA 90045

Sale: $1,500,000

9/18/20241.37 mi

Area:2,553 sqft
Price/sqft:$588
Beds:4
Baths:4
Year Built:
Weight:18.3%
6200 W 77th St, Los Angeles, CA 90045

6200 W 77th St, Los Angeles, CA 90045

Sale: $1,525,000

5/27/20251.29 mi

Area:2,003 sqft
Price/sqft:$761
Beds:3
Baths:3
Year Built:
Weight:17.9%
5886 W 77th Pl, Los Angeles, CA 90045

5886 W 77th Pl, Los Angeles, CA 90045

Sale: $1,450,000

5/15/20251.18 mi

Area:1,968 sqft
Price/sqft:$737
Beds:3
Baths:3
Year Built:
Weight:17.7%

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