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9030 Reading Ave, Los Angeles, CA 90045

Sale Price: $1,175,000
Jul 9, 20241,800 sqft3 beds3 baths
Listed by: Don Favia
License #: 01841258
Phone #: 424-377-6002
Realty Investment Advisors, Inc.
Source:
CRMLS Logo
MLS #: 24412865

Property Description

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 individually 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.
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

$14,673

TurboHome Estimated Value

$1,089,100

$605 sqft

High Valuation
$1,143,555
$635/sqft
Normal Valuation
$1,089,100
$605/sqft
Low Valuation
$1,034,645
$575/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$605/sqft$1,089,100

Neighborhood: Westchester

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Comparative Value

$1.18M

$1.20M

$1.32M

$1.39M

$1.47M

9030 Reading Ave, Los Angeles, CA 90045

Sale Price: $1,175,000

Selected Comparable

9030 Reading Ave, Los Angeles, CA 90045

List Price: $1,200,000

Subject Property

8460 Truxton Ave, Los Angeles, CA 90045

Sale Price: $1,325,000

Selected Comparable

7819 Midfield Ave, Los Angeles, CA 90045

Sale Price: $1,391,500

Selected Comparable

8912 Yorktown Ave, Los Angeles, CA 90045

Sale Price: $1,400,000

Selected Comparable

8212 Belford Ave, Los Angeles, CA 90045

Sale Price: $1,470,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
9030 Reading Ave, Los Angeles, CA 90045

9030 Reading Ave, Los Angeles, CA 90045

List: $1,200,000

Listed: 7/9/2024

Area:1,800 sqft
Price/sqft:$667
Beds:3
Baths:3
Year Built:
Lot Size:6,821

Comparable Properties

COMPARABLE
Choose comps
9030 Reading Ave, Los Angeles, CA 90045

9030 Reading Ave, Los Angeles, CA 90045

Sale: $1,175,000

11/1/20240.00 mi

Area:1,800 sqft
Price/sqft:$653
Beds:3
Baths:3
Year Built:
Weight:23.0%
8912 Yorktown Ave, Los Angeles, CA 90045

8912 Yorktown Ave, Los Angeles, CA 90045

Sale: $1,400,000

12/18/20240.39 mi

Area:1,779 sqft
Price/sqft:$787
Beds:3
Baths:2
Year Built:
Weight:19.5%
8212 Belford Ave, Los Angeles, CA 90045

8212 Belford Ave, Los Angeles, CA 90045

Sale: $1,470,000

7/10/20250.69 mi

Area:1,575 sqft
Price/sqft:$933
Beds:3
Baths:2
Year Built:
Weight:19.3%
7819 Midfield Ave, Los Angeles, CA 90045

7819 Midfield Ave, Los Angeles, CA 90045

Sale: $1,391,500

8/19/20240.92 mi

Area:1,975 sqft
Price/sqft:$705
Beds:3
Baths:3
Year Built:
Weight:19.2%
8460 Truxton Ave, Los Angeles, CA 90045

8460 Truxton Ave, Los Angeles, CA 90045

Sale: $1,325,000

4/1/20250.83 mi

Area:1,734 sqft
Price/sqft:$764
Beds:3
Baths:2
Year Built:
Weight:19.1%

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