8819 Reading Ave, Los Angeles, CA 90045

We are proud to present the Reading Apartments, a six-unit multifamily asset located in the trending community of Westchester. The property features clean and bright single level units with washer/dryers, front and rear entry, and off-street parking for each unit from the alley. The property has been well maintained over the years and includes copper plumbing, and dual pain windows. Westchester has experienced dramatic housing and rent rental appreciation in recent years due to its supply of smaller, 1950's vintage entry level homes, its proximity to tech employment centers, and nearby picturesque beaches. Opportunity for equity growth and increased yield exists with unit turnover and renovation. Additionally, due to its preferential TOC tier 3 zoning, the property could potentially support a new development of up to 17 units or one could potentially utilize the garage for ADU conversion/s for increased cash flow. In total, investors looking for secure and predictable long-term returns, with the opportunity to develop more units should take notice. Current rents favorably align the property's pricing to GRM and CAP rate expectations for this submarket, making this asset a meaningful option for savvy investors.