9024 Reading Ave, Los Angeles, CA 90045
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9024 Reading Ave, Los Angeles, CA 90045
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$ 1,150,000
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9024 Reading Ave Los Angeles, CA 90045

5 Beds

3 Baths

1,980 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,980 sqft

Price per Sqft $580

MLS Listing ID 26868891

Style Mid-Century

Bedrooms 5

Construction Status Value Mainly In Land

Year Built 1950

Lot Size 6,822 Sqft

Acres 0.1566

Property Sub-Type Multi-Family

Property Description

Rare Westchester land/redevelopment opportunity in one of LA's most active TOC Tier 3 corridors. Single-story triplex on a 6,822 SF LAR3 lot, directly adjacent to a fully-permitted, under-construction 77-unit multifamily development, active proof of this pocket's density-bonus potential. Zoned LAR3, TOC Tier 3, within a Transit Priority Area and High Quality Transit Corridor. Ideal for a developer evaluating this corridor's redevelopment potential. The next door neighbor/owner has also indicated interest in selling his triplex as a package, which would make a combined 13,655 square foot lot. This is a land/entitlement play; pricing reflects the site's TOC Tier 3 density-bonus potential, not the existing triplex. Adjacent parcel to the north (9020 Reading) same tract, nearly identical lot size and zoning is owned by a confirmed, motivated seller. This creates a credible, near-term assemblage path for a buyer pursuing greater density under the neighborhood's TOC Tier 3 / density bonus framework see the 77-unit project currently under construction one parcel south (9030/9038 Reading) as a real precedent for what this corridor supports. RSO applies to subject; City data indicates a likely SB 330 replacement-housing consideration on any redevelopment scenario buyers should have counsel review before finalizing offers contingent on that path. Airport height overlay caps redevelopment at 100' above elevation 111. See TOC/density bonus eligibility flags (SB 9, SB 35, SB 79, SB 684) noted in listing file. Seller open to all reasonable offers. Property will NOT be delivered vacant. Sold as is with no repairs or termite. DISCLAIMER: All zoning, entitlement, density bonus/TOC, adjacent ownership/seller intent, adjacent construction, rent control, replacement housing, and other regulatory or factual information referenced herein is provided for informational purposes only, derived from third-party/public sources not independently verified by listing broker or seller, and not warranted as accurate or current.

Location

State CA

County Los Angeles

Area Westchester

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling None

Fireplaces Type None

Equipment Refrigerator, Range/Oven

Laundry None

Exterior

Parking Features Carport Detached

Garage Spaces 2.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Composition, Shingle

Building

Story 1

Sewer In Connected and Paid

Water District

Architectural Style Mid-Century

Level or Stories One

Structure Type Stucco

Construction Status Value Mainly In Land

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by eXp Realty of Greater Los Angeles

NEARBY SCHOOL & BUSINESS

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9024 Reading Ave

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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