Reading Lot 97
Los Angeles, CA, 90045
$2,099,000
Beds
0 Baths
0 SqFt
0.16 Acres
Add
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A Rare Corner of Promise — Just Beyond the Beaten Path
In a quiet pocket of the city, where the pulse of Los Angeles hums with purpose — near the thrum of SoFi Stadium, the runways of LAX, the innovation of Silicon Beach, and the coastal hush of the South Bay — stands a property built not just of wood and stone, but of opportunity.
This 7-unit building, solid and steadfast, has weathered time with grace and has recently been granted new life: over $400,000 in thoughtful improvements — copper plumbing that sings with water’s flow, dual-pane windows that hold back the din of the outside world, and a foundation made firmer than before. A fresh coat of paint now dresses its exterior, while the land around it breathes easier, newly landscaped.
Among its offerings, a brand-new, fully permitted 2-bedroom/1-bath ADU — not merely an accessory, but a home in itself — joins the ranks of four newly remodeled units. Altogether, the property brings in a hearty $182,688 in gross income, with the potential to climb another 37.34%. And with a Tier 3 TOC Density Bonus and a 7,008 sq ft R3 lot, the future whispers promises of more — more units, more income, more value.
Investors, take note: this is not just an address. It is a stake in one of the most stable rental markets in Los Angeles, where tenants come and stay, and the heartbeat of the Westside and South Bay is but minutes away. The seller, seasoned and serious, offers the added grace of a 1031 exchange at no cost to you — a gesture of goodwill in a city that rarely gives anything away.
This is more than a building. It’s a long-term haven for the discerning investor, a place where past effort meets future reward.
Don’t let it slip past like so many missed chances. Reach out to receive the full offering memorandum — and see for yourself what happens when location, income, and vision align.

Property Details

Price:
$2,099,000
MLS #:
PV25225113
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
c29
Listed Date:
Oct 21, 2025
Total Sq Ft:
4,616
Lot Size:
7,008 sqft / 0.16 acres (approx)
Year Built:
1951
C29C29

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Schools

Interior

Appliances
MW, RF
Cooling
NO
Flooring
VINY
Heating
WL
Laundry Features
DINC, WINC

Exterior

Architectural Style
CNT
Community Features
SDW
Construction Materials
STC, ASP, CON
Parking Spots
4
Roof
ASP

Financial

Gross Operating Income
$177,207
Maintenance Fee
$2,800
Net Operating Income
$140,197

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Oct 29, 2025
2,440
Single Family Listed
59
Avg DOM
686
Avg $ / SqFt
$1,924,769
Avg List Price

Property Summary

    Reading Lot 97 Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90045. It is listed for $2,099,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1951. The average price per square foot for Single Family listings in Los Angeles is $686. The average listing price for Single Family in Los Angeles is $1,924,769.

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Reading Lot 97
Los Angeles, CA