NOT LISTED FOR SALE

7108 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,246,000 - $1,503,643

4 Beds
2 Baths
1,778 Sq Ft
$792/Sq Ft Est. Value

Last Sold May 01, 2019

Last sale price $1,100,000 $619 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $8,839/month

29 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Laundry Room
  • Living Room with Fireplace
  • Wood Flooring
  • Floor Furnace

About This Home

As of May 2019

Investor/Developer Special! DO NOT miss out on a chance to own this property in Westchester located minutes from booming "Silicon Beach" and the new LA Rams stadium! This legal DUPLEX is in a TOC Tier 1 zone on a massive R3 Lot allowing for increased density with low-income housing development or potentially up to 12.7 units. (Buyer to confirm accuracy of potential development info - no representation or guarantees are made - Buyer MUST satisfy themselves). Property currently sits as a main house with 2 large bedrooms, office & full bathroom. Detached back unit with a bedroom and kitchen & attached 2-car garage. Develop or renovate what's there! Do not miss out on this opportunity!

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 02/28/2019

Last Buyer's Agent

Nevin Mcgee

Green Tree Realty License #01389742

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,996

Year Built

  • Built in 1949

Lot Details

  • 6,843 Sq Ft Lot

Parking

  • 2 Car Garage
  • Uncovered Parking

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,778 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Property is located within a water district

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4103-018-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,996

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Advertising Remarks: Investor/Developer Special! DO NOT miss out on a chance to own this property in Westchester located minutes from booming "Silicon Beach" and the new LA Rams stadium! This legal DUPLEX is in a TOC Tier 1 zone on a massive R3 Lot allowing for increased density with low-income housing development or potentially up to 12.7 units. (Buyer to confirm accuracy of potential development info - no representation or guarantees are made - Buyer MUST satisfy themselves). Property currently sits as a main house with 2 large bedrooms, office & full bathroom. Detached back unit with a bedroom and kitchen & attached 2-car garage. Develop or renovate what's there! Do not miss out on this opportunity!
  • Builders Tract Code: Not in a Development
  • Living Area: 1778
  • Year Built: 1949
  • Builders Tract Name: Not in a Development
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Interior Amenities: Drywall Walls
  • Fireplace Rooms: Living Room, Wood Burning
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Bedrooms: 4
  • Bedroom Features: All Bedrooms Down
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 534.25

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Garage, Uncovered
  • Total Parking: 5

Utilities

  • Heating: Floor Furnace, Natural Gas
  • Sewer: In Connected and Paid
  • Water: District

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Value: 155332
  • Assessed Land Value: 414222
  • Assessor Parcel Number: 4103-018-007
  • Geocode Override: No
  • Lot Size Area: 6843

Rental Info

  • Number Leased: 0
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 2
  • Vacancy Rate: 100%

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2024
Sold by
Gunawardena Chiraj and Jayawardene Manjari
Bought by
39Th 100 Llc
Current Estimated Value
$1,408,161

Purchase Details

Closed on
Feb 26, 2024
Sold by
39Th 100 Llc
Bought by
Gunawardena Chiraj and Jayawardene Manjari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2020
Sold by
Lbc Capital Income Fund Llc
Bought by
39Th 100 Llc

Purchase Details

Closed on
Oct 7, 2020
Sold by
25 8 Acquisition And Development Llc
Bought by
Lbc Capital Income Fund Llc

Purchase Details

Listed on
Feb 28, 2019
Closed on
Apr 18, 2019
Sold by
Hollyvale Rental Holdings Llc
Bought by
25 8 Acquisition And Development Llc
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Nevin Mcgee
Green Tree Realty
List Price
$949,900
Sold Price
$1,100,000
Premium/Discount to List
$150,100
15.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$785,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2019
Sold by
Wedgewood Intermediary I Llc
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
Jan 16, 2019
Sold by
Matheson Mary J
Bought by
Wedgewood Jntermediary 1 Llc

Purchase Details

Closed on
Dec 29, 2014
Sold by
Alarcon Jennifer J and 2012 Matheson Family Trust
Bought by
Matheson Mary J

Purchase Details

Closed on
Sep 1, 2012
Sold by
Matheson Mary J
Bought by
Alarcon Jennifer J and The 2012 Matheson Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.47%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jan 28, 1997
Sold by
Borin Nathan A
Bought by
Matheson Mary J

Purchase Details

Closed on
Nov 22, 1996
Sold by
Shinn Raymond A and Shinn Dolores L
Bought by
Borin Nathan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,800
Interest Rate
7.76%

Purchase Details

Closed on
Jan 26, 1996
Sold by
Harrison Robert E and Edwin F Shinn Revocable Trust
Bought by
Shinn Raymond A and Shinn Dolores L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
39Th 100 Llc -- None Listed On Document
Gunawardena Chiraj -- Fidelity National Title
39Th 100 Llc $1,075,000 Chicago Title Company
Lbc Capital Income Fund Llc $895,000 Accommodation
25 8 Acquisition And Development Llc $1,100,000 Fidelity National Title
Hollyvale Rental Holdings Llc -- None Available
Wedgewood Jntermediary 1 Llc $635,900 North American Title
Matheson Mary J -- None Available
Alarcon Jennifer J -- None Available
Matheson Mary J $207,000 Fidelity Title
Borin Nathan A $184,000 Gateway Title Company
Shinn Raymond A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gunawardena Chiraj $1,900,000
Previous Owner 39Th 100 Llc $1,475,000
Previous Owner 25 8 Acquisition And Development Llc $785,000
Previous Owner Matheson Mary $37,622
Previous Owner Matheson Mary J $570,000
Previous Owner Matheson Mary $38,800
Previous Owner Matheson Mary $32,935
Previous Owner Matheson Mary J $80,000
Previous Owner Borin Nathan A $174,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2019 05/01/19 Sold $1,100,000 +15.8% $619 / Sq Ft
03/29/2019 03/29/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $949,900 0.0% $534 / Sq Ft
03/21/2019 03/21/19 Price Changed $949,900 +18.8% $534 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $799,900 -- $450 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,996 $1,163,613 $1,163,613 --
2024 $13,996 $1,140,798 $1,140,798 --
2023 $13,728 $1,118,430 $1,118,430 $0
2022 $13,092 $1,096,500 $1,096,500 $0
2021 $12,929 $1,075,000 $1,075,000 $0
2020 $13,759 $1,122,000 $918,000 $204,000
2019 $7,252 $592,562 $430,956 $161,606
2018 $7,151 $580,944 $422,506 $158,438
2016 $6,831 $558,387 $406,100 $152,287
2015 $3,963 $317,628 $133,199 $184,429
2014 $3,990 $311,407 $130,590 $180,817
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Polly Watts

    Sundae Homes

    Section Image

  • N

    Buyer's Agent in 2019

    Nevin Mcgee

    Green Tree Realty

    (888) 365-2732

    1 Total Sale

    Section Image
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Map

Source: The MLS

MLS Number: 19-438750

The MLS

APN: 4103-018-007

California Los Angeles County Los Angeles 90045 Westchester

7108 Ramsgate Ave, Los Angeles, CA

This home is located at 7108 Ramsgate Ave, Los Angeles, CA 90045 since 28 February 2019 and is currently estimated at $1,408,161, approximately $791 per square foot. This property was built in 1949. 7108 Ramsgate Ave is a home located in Los Angeles County with nearby schools including Westport Heights Elementary, Wright Middle School STEAM Magnet, and Westchester Enriched Sciences Magnets.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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