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8812 Reading Ave 8 Unit Apartment Building $3,982,999 CAD ($497,875 CAD/Unit) 4.29% Cap Rate Los Angeles, CA 90045
Investment Highlights
- Built 1991 – not subject to LARSO
- Prime Westchester Location
- Long-Term, Stable Ownership
- Strong Rental Demand
Executive Summary
8812 Reading Avenue is a newer-vintage, eight-unit apartment building located in the highly desirable Westchester neighborhood of Los Angeles. Built in 1991, this property represents one of the more modern multifamily assets in the area, offering 6,464 SF of living space on a 6,882 SF lot. The building features all large two-bed / two-bath units. The property’s superior construction quality and thoughtful unit configuration make it stand out in a submarket dominated by older 1950s-era buildings.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,982,999 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $497,875 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.29% | Building Size | 9,744 SF |
| Gross Rent Multiplier | 13.09 | Average Occupancy | 97% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | R3, Los Angeles - Apartment Houses, Multiple Dwellings, Child Care | ||
| Price | $3,982,999 CAD |
| Price Per Unit | $497,875 CAD |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Gross Rent Multiplier | 13.09 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,744 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3, Los Angeles - Apartment Houses, Multiple Dwellings, Child Care |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $3,183 CAD | 800 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 4125-016-001 | Total Assessment | $1,304,602 CAD (2025) |
| Land Assessment | $323,533 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $981,069 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
4125-016-001
Land Assessment
$323,533 CAD (2025)
Improvements Assessment
$981,069 CAD (2025)
Total Assessment
$1,304,602 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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8812 Reading Ave
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