8833 READING AVE.
Los Angeles, CA 90045 · APN 4125-014-029
UNITS
33
BUILDING SF
36,112
SF / UNIT
1,094
YEAR BUILT
2023
BEDROOMS
99
BATHROOMS
98
USE · CODE 05S0
5+ UNITS
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PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
PRICE ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE, NOT A VERIFIED CLOSING PRICE.
LIKELY EXEMPT (NEW CONSTRUCTION)
Built 2023, inside the City of Los Angeles. Buildings under 15 years old are exempt from AB 1482, and construction after 1 October 1978 is outside the RSO. The state cap applies once the building turns 15.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON READING AVE · ZIP 90045
SIMILAR SIZE AND ERA IN 90045
The short answers.
Is 8833 Reading Ave rent controlled?
Built 2023, inside the City of Los Angeles. Buildings under 15 years old are exempt from AB 1482, and construction after 1 October 1978 is outside the RSO. The state cap applies once the building turns 15. This is an inference from public assessor records, not a determination. Confirm the certificate of occupancy date with the LA Housing Department or ZIMAS before you rely on it for pricing or notices.
How many units does 8833 Reading Ave have?
County records list 33 units at 8833 Reading Ave, classified as 5+ units across 36,112 square feet of building area, averaging about 1,094 square feet per unit. Unit counts on the roll can lag permitted conversions and unpermitted additions in both directions.
When was 8833 Reading Ave built?
The assessor roll gives a build year of 2023, which is after the 1 October 1978 RSO cutoff. The ordinance turns on the certificate of occupancy rather than the roll's build year, so a building finished either side of that date is worth confirming with LAHD. Age drives more than character here. It sets rent-cap exposure, seismic retrofit obligations, and what a lender will underwrite.
When did 8833 Reading Ave last sell, and for how much?
The last recorded transfer was December 2021, at an estimated $9,464,801, about $286,812 per unit. That price is estimated from the Proposition 13 reassessment recorded at sale, not a verified closing price, so treat it as a close approximation rather than a confirmed figure.
What is 8833 Reading Ave assessed at, and is that what it is worth?
The current assessed value is $10,044,123 ($3,130,563 land, $6,913,560 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.
How do I find out what 8833 Reading Ave would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
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