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8934 Reading Avenue

8934 Reading Avenue, Los Angeles, CA 90045
Property in Westchester
Sold May 17, 2022
$1,900,000
$1,131,000 by First Republic Bank
Mortgage Due Jun 01, 2052
Sold Aug 07, 2014
$540,000
$540,000 by Ronald Perlstein Ira
Mortgage
8934 Reading Avenue has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1951 and is 73 years old. However, we must point out that the home was most recently renovated and altered in 1953. The home has a total of 9 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. In addition, 8934 Reading Avenue has 4,202 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,883 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 8934 Reading Avenue was last sold in Apr 7, 2022 for $1,900,000. According to our calculations, that's $452.17 per sqft. Prior to that sales transaction, the property was sold for $540,000 in Jul 30, 2014. Current property owners are expected to pay $7,722 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 8934 Reading Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,938,000. To break that down further, the land itself was valued at $1,356,600. While improvements to the property were assessed at a total of $581,400. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1953
  • Building Count: 1
  • Bedroom Count: 9
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,883
  • Total Building Area: 4,202
  • Gross Building Area: 4,202
  • Building Area: 4,202
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 4,202
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 15283
  • Land Acres: 0.158
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: TRACT NO 15283 LOT/SEC 56

Ownership

  • Current Owner : 8934 READING AVE LLC
  • Previous Owner : EARNIE GROUP INC
  • Owner Before Previous Owner: DLJ MORTGAGE CAPITAL INC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 277200

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 56-D2
  • Subdivision Tract Number: 15283
  • Parcel: 4125-017-001
  • Lot: 56
  • Municipality: WEST /WESTCHESTER/LAX
  • Latitude: 33.9556
  • Longitude: -118.381

    Address

  • Full Address: 8934 Reading Ave
  • Address - House Number: 8934
  • Address - Street Name: Reading
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C047
  • 4-Digit Zip Code: 4620
  • Zip Code: 90045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,722
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 00-068

    Appraisal Valuation

  • Standard Deviation: 0.2364
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 1,946,578
  • High Value: 2,406,891
  • Low Value: 1,486,265

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,131,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: May 17, 2022
  • First Open Lien Mortgage Loan Amount: $1,131,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,938,000
  • Assessed Land Value: $1,356,600
  • Assessed Improvements Value: $581,400

    Sales

  • Current Sale Contract Date: Apr 07, 2022
  • Current Sale Recording Date: May 17, 2022
  • Current Sale Transaction ID: 11888138572
  • Current Sale Price: $1,900,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 533553
  • Previous Sale Recording Date: Aug 07, 2014
  • Previous Sale Contract Date: Jul 30, 2014
  • Previous Sale Amount: $540,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: May 17, 2022
  • First Mortgage Loan Amount: $1,131,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: RONALD PERLSTEIN IRA
  • Previous Mortgage Transaction Date: Aug 07, 2014
  • Previous Mortgage Loan Amount: $540,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 8934 Reading Avenue located in?
The 8934 Reading Avenue is a located in the neighborhood of Westchester in West Los Angeles, Los Angeles.
What is the average sales price for listings in 8934 Reading Avenue?
The average sales price for units in 8934 Reading Avenue is $0 currently.

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