8-Unit Apartment
8836 Reading, Los Angeles, CA 90045
For Sale
$3,875,000
Completed in 2020, the residential property contains eight rental units.
Property Size8,000 SF
Days on Market50
Property Features for 8836 Reading
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Units
Listed By:
Reza Tefagh
(949) 463-3521
Source:
Elliman
Added: Sep 26
Changed: Nov 1
Last Checked: Nov 14 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reza Tefagh
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Investment Insights
Based on property information with market context.
This eight-unit residential property was built in 2020. The units, shared areas, and utility areas are described as being in well-kept condition.
At 8836 Reading in Los Angeles, the property has a Walk Score of 40, a Bike Score of 36, and a Transit Score of 44. The associated ratings characterize the area as car-dependent, somewhat bikeable, and served by some transit.
At 8836 Reading in Los Angeles, the property has a Walk Score of 40, a Bike Score of 36, and a Transit Score of 44. The associated ratings characterize the area as car-dependent, somewhat bikeable, and served by some transit.
Key Highlights
- Eight residential units
- Built in 2020
- Walk Score 40; Car‑Dependent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,726
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,574,520
$2.6M
Cap Rate 7%
$1,838,943
$1.8M
Cap Rate 9%
$1,430,289
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$254.4K $31.80/SF
− Vacancy
−$20.4K −$2.54/SF
EGI
$234.0K $29.26/SF
− OpEx
−$105.3K −$13.17/SF
NOI
$128.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,574,520
Cap Rate 7%
$1,838,943
Cap Rate 9%
$1,430,289
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $128,726 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.92M – $3.90M
NOI $233,807 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
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Business Placement
Demographics for 90045, CA
41,035
Population
17,981
Households
2.3
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
10.8 sq mi
ZIP Area
3,800
Density / Sq Mi
$132,577
Median Household Income
$68,684
Median Earnings
$2,909
Median Rent
$1,322,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Completed in 2020, the residential property contains eight rental units.
Where is this apartment building located?
The property is located at 8836 Reading Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,875,000.
What are key features of this property?
This property features: Eight residential units; Built in 2020; Walk Score 40; Car‑Dependent
