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9024 Reading Avenue

Los Angeles, CA 90045

$1,150,000 $4,848/Mo

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Overview

Bed

Bath

1,980

Sqft

6,822

Sqft(Lot)

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.

Property Details

Property Type : ResidentialIncome

Price : $1,150,000

AD Id : 89134463

MLS Id : 26868891

Beds : 5

Lot Size : 6,822 Sqft

Living Area Size : 1,980

Year Built : 1950

Garage : 2

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 3

Roofing Information

Composition, Shingle
Interior Features

Roof: Composition, Shingle

Appliances: GasOven, Refrigerator

Laundry Features: None
Heating & Cooling

Cooling: None

Building Information

Year Built: 1950

Building Area Total: 1980

Construction Materials: Stucco

Stories: 1

Pool Features: None

Private Pool: No

View: None

Lot Information

Lot Dimensions: 55 x 124 Main Square Feet: 6822 Lot Size Acres: 0.1566 Lot Size Square Feet: 6,822

Listing Price Information

Listing Price: $1150000

Cash

Tax Information

Parcel Number: 4125011025

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 2 DetachedCarport

Garage Information

Has Garage: Yes Garage Space: 2

Location Information

Direction: Enter Ramsgate off of Manchester Blvd to get to Reading WaterSource: Public

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