$1,040,000
●
House -
Off Market
8411 READING Avenue
Los Angeles, CA 90045
3 Beds
1 Bath,
1
Half Bath
1,421 Ft²
$1,489,240
RealtyHop Estimate
49.07%
Since Oct 1, 2018
CA-Los Angeles
Primary Model
About This Property
Stylish newly remodeled Westchester home on a large 6,500 sq.ft, R2
lot with tons of outdoor space, an expansive yard and wonderful
open floor plan! Beautiful European hardwood floors lead you
through a formal living room and sleek dining space. The kitchen
boasts quartz counter tops, custom cabinetry, counter to ceiling
subway tile, LED fixtures and stainless steel appliances. A bright
inviting sun room serves as an informal living area with wall to
wall windows opening to an entertainers backyard creating an
unsurpassed indoor/outdoor flow. 3 generous bedrooms and 1 Bathroom
with a French soaking tub complete this home. The large private
backyard has a dedicated outdoor dining space to enjoy warm summer
nights, a large paved outdoor lounge and still plenty of open space
giving a park like vibe. A rear structure includes approx. 700 sq.
ft of two bonus rooms and one A‚A½ bath offering future
opportunities for it's new owners. (not included in the square
footage).
Unit Size
1,421 Ft²
Days on Market
58 days
Land Size
0.15 acres
Price per sqft
$703
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1947
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CLAW #18369704)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2018 | Sold | ||
| Sold | |||
| Sep 6, 2018 | No longer available | - | |
| No longer available | |||
| Aug 13, 2018 | Listed | $999,000 | |
| Listed | |||
| | |||
|
Stylish newly remodeled Westchester home on a large 6,500 sq.ft, R2 lot with tons of outdoor space, an expansive yard and wonderful open floor plan! Beautiful European hardwood floors lead you through a formal living room and sleek dining space. The kitchen boasts quartz counter tops, custom cabinetry, counter to ceiling subway tile, LED fixtures and stainless steel appliances. A bright inviting sun room serves as an informal living area with wall to wall windows opening to an entertainers backyard creating an unsurpassed indoor/outdoor flow. 3 generous bedrooms and 1 Bathroom with a French soaking tub complete this home. The large private backyard has a dedicated outdoor dining space to enjoy warm summer nights, a large paved outdoor lounge and still plenty of open space giving a park like vibe. A rear structure includes approx. 700 sq. ft of two bonus rooms and one ~ bath offering future opportunities for it's new owners. (not included in the square footage). The manager has listed the unit size as 1421 square feet.
| |||
| Jul 29, 2018 | Listed by Compass | $999,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About West Los Angeles
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Listed by: David Yun, Compass
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 18369704
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 18369704
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