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  1. Listing for Sale
  2. Los Angeles, CA
  3. 9024 Reading Avenue

9024 Reading Avenue, Los Angeles, CA 90045

  • Open House
  • New Listing
  • Sold
  • Leased

$939,000

  • 5 BedroomBedrooms
  • 3 BathroomBathrooms
  • 1,980 Sqft
  • Residential Income
  • Active
  • MLS# 26868891
  • Sold on
0 More Schedule
  • Price Reduced$211,000
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Listing Agent:
Derrick Ruiz
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Property Information 9024 Reading Avenue

  • MLS26868891
  • CityLos Angeles
  • CountyLos Angeles
  • Zip Code90045
  • TypeResidential Income
  • StyleMid-Century Modern
  • Stories1
  • Sq. Ft.1,980
  • Lot Size6, 822 sqft
  • Year Built1950
  • Bedrooms5
  • Bathrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • One Quarter Bathrooms0
  • Three Quarter Bathrooms0
  • Laundry FeaturesNone
  • AppliancesGas Oven, Refrigerator
  • PoolNone
  • RoofComposition, Shingle
  • CoolingNone
  • WaterPublic
  • ParkingDetached Carport

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.

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          This calculator is provided for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.

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