NOT LISTED FOR SALE

8615 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,070,000 - $1,453,000

4 Beds
4 Baths
2,764 Sq Ft
$447/Sq Ft Est. Value

Sale Details

Date Sold: February 14, 2024

Last sale price $1,250,000 $452 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,974 / mo

76 Days on Market

Highlights

  • Craftsman Architecture
  • No HOA
  • More Than Two Accessible Exits
  • Corner Lot
  • Laundry Room
  • Tile Flooring

About This Home

As of February 2024

Price Adjustment to Sell!! Great Location!!! This 4-Plex is a great buy for a first-time buyer, investor or developer. Property has plenty of parking with semi-private alley access giving you plenty of room to add to existing building or build a new multi-plex. Located in the city of Westchester near to public transportation, entertainment, restaurants, marina and LAX. All units are 1 bedroom with separate dining area and each with their own washroom. Property has 4 individual garages, three are owner occupied with potential for additional rental income or convert to a new ADU.

Last Agent to Sell the Property

Juan Guinto

SOUTH POINTE PROPERTIES License #01794515 Listed on: 09/30/2023

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 8,646 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Parking Lot

Home Design

  • Craftsman Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof
  • Fiberglass Roof
  • Stucco

Interior Spaces

  • 2,764 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • 220 Volts
  • Natural Gas Connected

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125013002
  • $421 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $1,518
  • Trash Expense $3,100
  • Water Sewer Expense $3,150
  • Operating Expense $8,788
  • Gross Income $62,400
  • Net Operating Income $51,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

8,646 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3150.00
  • Zoning: LAR3
  • Architectural Style: Craftsman
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 4125013002
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Accessibility Features: 2+ Access Exits
  • Appliances: No
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 452.24

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Fiberglass, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Side, Parking Space
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 3100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Rectangular Lot, Level
  • Lot Size: 8646 sqft
  • Lot Size Sq Ft: 8646.00
  • Lot Size Acres: 0.1985

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 62400.00
  • Gross Multiplier: 21.00
  • Gross Operating Income: 66930.00
  • Gross Scheduled Income: 62400.00
  • Insurance Expense: 1518.00
  • Lot Size Area: 8646.0000 Square Feet
  • Net Operating Income: 51740.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 8788.00
  • Rent Control: Yes
  • Total Actual Rent: 3900.00
  • Total Expenses: 8788.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2772.00
  • Tax Lot: 2
  • Tax Tract Number: 15283
  • TaxOtherAnnualAssessmentAmount: 421.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2023
Closed on
Jan 22, 2024
Sold by
Bought by
Seller's Agent
Juan Guinto
SOUTH POINTE PROPERTIES
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%
Views
312
Current Estimated Value
$1,235,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,632
Avg. Annual Appreciation
-0.50%
Original Mortgage
$1,000,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,250,000 Wfg National Title
-- None Available
$225,000 Lawyers Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,000,000
Previous Owner $202,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/14/2024 02/14/24 Sold $1,250,000 -9.1% $452 / Sq Ft
10/28/2023 10/28/23 Price Changed $1,375,000 -1.8% $497 / Sq Ft
09/30/2023 09/30/23 For Sale $1,400,000 -- $507 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,626 $1,275,000 $1,020,000 $255,000
2024 $4,597 $345,796 $187,500 $158,296
2023 $4,518 $339,017 $183,824 $155,193
2022 $4,323 $332,370 $180,220 $152,150
2021 $4,255 $325,854 $176,687 $149,167
2019 $4,136 $316,632 $171,448 $145,184
2018 $4,074 $310,433 $168,087 $142,346
2016 $3,877 $297,958 $161,561 $136,397
2015 $3,824 $293,484 $159,135 $134,349
2014 $3,866 $287,736 $156,018 $131,718
Source: Public Records

Agents Affiliated with this Home

  • Juan Guinto

    Seller's Agent in 2024

    Juan Guinto

    SOUTH POINTE PROPERTIES

    (323) 791-4549

    1 in this area

    6 Total Sales

    Juan Guinto
    Section Image

  • G

    Buyer's Agent in 2024

    General NONMEMBER

    NONMEMBER MRML

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23182952

California Regional Multiple Listing Service (CRMLS)

APN: 4125-013-002

California Los Angeles County Los Angeles 90045 Westchester

8615 Ramsgate Ave, Los Angeles, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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