Four-Unit Apartment
New
For Sale
$1,399,000
8906 Reading Ave, Los Angeles, CA 90045
Occupied multifamily property with separately metered tenant utilities, on-site parking, and residential development flexibility.
Property Size3,542 SF
Lot Size0.16 Acres
Days on Market3
Property Features for 8906 Reading Ave
General Information
Standard status
Active
Size
3,542 SF
Total Parking Spaces
6
Lot size
0.16 Acres
Property subtype
MULTI_FAMILY
Zoning
R3-1
Property Condition
Severity
Repairs Needed
Evidence
fair condition
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Rent Multiplier
13.6
Public Transit
Yes
Building Details
Building Size
3,542 SF
Year Built
1951
Listing Agency:
eXp Realty of Greater Los Angeles
Listed By:
Derrick Ruiz · License #00919713
(310) 308-3174
Source:
Evecap
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 3 at 2:26AM
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 eXp Realty of Greater Los Angeles
Investment Insights
Based on property information with market context.
This fourplex contains four two-bedroom, one-bath units and will be conveyed with tenants in place. The property is subject to Los Angeles RSO, with tenants responsible for all utilities other than water. Parking includes a four-car carport and additional space for two uncovered vehicles.
The 6,884-square-foot lot is zoned R3-1 and carries a Medium Residential General Plan land-use designation. The site is identified as a Housing Element Site, falls within a Tier 3 Transit Oriented Communities area and TOIA 2, and is within one-half mile of a Major Transit Stop. It is also covered by the Los Angeles Coastal Transportation Corridor Specific Plan.
Property improvements include LAX soundproofing, double-pane windows, ventilation work, and a sewer line replacement completed several years ago. The building dates to 1951 and is described as being in fair condition, with upgrades completed over time. The site also has room for an ADU.
The 6,884-square-foot lot is zoned R3-1 and carries a Medium Residential General Plan land-use designation. The site is identified as a Housing Element Site, falls within a Tier 3 Transit Oriented Communities area and TOIA 2, and is within one-half mile of a Major Transit Stop. It is also covered by the Los Angeles Coastal Transportation Corridor Specific Plan.
Property improvements include LAX soundproofing, double-pane windows, ventilation work, and a sewer line replacement completed several years ago. The building dates to 1951 and is described as being in fair condition, with upgrades completed over time. The site also has room for an ADU.
Key Highlights
- Four units, each with 2 bedrooms and 1 bath
- 6,884 SF lot zoned R3‑1
- Four‑car carport plus uncovered parking for 2 cars
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,573
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Occupied multifamily property with separately metered tenant utilities, on-site parking, and residential development flexibility.
Where is this quadplex located?
The property is located at 8906 Reading Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bath; 6,884 SF lot zoned R3‑1; Four‑car carport plus uncovered parking for 2 cars
