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8931 Ramsgate Avenue Los Angeles, CA $ 1,350,000
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$ 1,350,000 Get more info
8931 Ramsgate Avenue
$ 1,350,000
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8931 Ramsgate Avenue

Los Angeles, CA, 90045
$ 1,350,000
Bedrooms4 Baths2.0 Sq 1,786

Monthly Estimate*

$ 8,973

Listed by Kidder Mathews of California, Inc.
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 1
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 2
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 3
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 4
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 5
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 6
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 7
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 8
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 9
8931 Ramsgate Avenue, Los Angeles, CA 90045 - Image 10

Multi-Family Home for sale in Los Angeles, CA

for $1,350,000 with 4 bedrooms and 2 full baths. This 1,786 square foot home was built in 1950 on a lot size of 0.1621.

We are pleased to present 8931 Ramsgate Ave, a VACANT duplex located on 7,063 SF of LAR3 Tier 3 TOC zoned land! With the existing duplex (both 2 bed + 1 bath) being 100% vacant, there are numerous exit strategies that include the following: 1) Build 16 units + 4 ADUs utilizing the current RTI plans, 2) Renovate the existing Duplex + build new ADUs, 3) Utilize ED1 to construct 100% affordable housing project, or 4) Multiple duplex style build yield 4-6 large units. Located in the heart of Westchester, tenants will have ease of access to the 405FWY, numerous employment opportunities, Loyola Marymount University, Venice Beach, Santa Monica, El Segundo, and LAX. Ownership has plans in place for a market rate 16-unit + 2 ADU development that can be included in a sale. As a 100% affordable ED1 development, there's potential for up to 36 units with no parking requirements and an affordable stick on grade type construction. As a value-add project, a new owner can perform renovations on the existing units, both 2 bed + 1 bath units, and add additional ADUs by converting the existing rear garage. Buyer shall complete their own due diligence to determine the development potential.

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Multi-Family Active

Price

$ 1,350,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1621

Year Built

1950

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24395369

Days on Market

27
Features
General
Zoning LAR3
Year Built 1950
Stories 1
Levels One
Gross Income 84000.0
County Los Angeles
Net Operating Income 54600.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Google Maps: 8931 Ramsgate Ave. Los Angeles CA 90045
City Los Angeles
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 2
MLS Area C29 - Westchester
Lot Size Units SquareFeet
Lot Size Square Feet 7063.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 9
Standard Status Active
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Exterior
Parking Features Garage
Total Parking 4.0
Lot Size Area 7063.0
Number of Buildings 1
Spa N
Building Area Total 1786.0
Lot Size Acres 0.1621
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 4
Electric On Property Y/N N
Total Baths 2
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Internal Only
Street Number 1 8931
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* Excluded Features
List By
Kidder Mathews Of California, Inc.

Broker

(714) 333-6768

Phone

Affordability Calculator

$8,973
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,973
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/23/2024$1,350,000 Listed Price

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8931 Ramsgate Avenue, Los Angeles, CA, 90045 is a Multi-Family Home for sale at $1,350,000 with 1,786 sqft and a lot size of 0.1621. 8931 Ramsgate Avenue has 4 bedrooms, 2.0 baths, and was built in 1950. The property's zip code is 90045 which is in Los Angeles, CA

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