NOT LISTED FOR SALE

8627 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,653,000 - $1,688,326

7 Beds
5 Baths
2,178 Sq Ft
$767/Sq Ft Est. Value

Last Sold April 30, 2013

Last sale price $744,000 $342 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $10,106/month

35 Days on Market

About This Home

As of April 2013

Property has two buildings. Front building is a duplex built in the late 40's. Each unit has 2 bd / 1bth, laundry hook ups, and hardwood floors. Bottom unit has a den. Back building is a triplex built in the 60's. Two 1bd/1bth units located above the garage and a single located off the side of the garage. Each unit is individually metered for Gas and Electricity and they each have their own parking.

Last Agent to Sell the Property

Irma Vargas

Tierra Properties License #00467438 Listed on: 01/15/2013

Co-Listed By

Rod Vargas

Tierra Properties License #01792503

Last Buyer's Agent

Laura Davis

Estate Properties License #01211435

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,665

Year Built

  • Built in 1949

Lot Details

  • 8,357

Interior Spaces

  • 2,178 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Covered Parking

Additional Features

  • 8,357 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 4125-013-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,665

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2178
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Built-Ins, Range/Oven
  • Price Per S Q F T: 353.54

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Covered Parking, Parking Space
  • Total Parking: 5

Utilities

  • Electric Expense: 897.00
  • Heating: Wall Gas
  • Water Expense: 1796.00

Fee Information

  • Insurance Expense: 1246.00
  • Maintenance Expense: 3540.00
  • Trash Expense: 1049.00

Lot Info

  • Assessed Improvement Value: 256310
  • Assessed Land Value: 717670
  • Assessor Parcel Number: 4125-013-004
  • Geocode Override: No
  • Lot Size Area: 8357

Rental Info

  • Owner Pays: Gardener, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 10.80
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 19589
  • Type Of Units: 2-bldgs
  • Vacancy Rate: 1%

Tax Info

  • Tax Expense: 9625.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2013
Closed on
Mar 11, 2013
Sold by
Stewart Maria M
Bought by
8627 Ramsgate Llc
Seller's Agent
Irma Vargas
Tierra Properties
Buyer's Agent
Laura Davis
Estate Properties
List Price
$770,000
Sold Price
$744,000
Premium/Discount to List
-$26,000
-3.38%
Current Estimated Value
$1,668,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$924,266
Avg. Annual Appreciation
6.80%
Original Mortgage
$555,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2007
Sold by
Stewart Maria M and Gretchan Jordan 1990 Trust Agr
Bought by
Stewart Maria M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2007
Sold by
Wallet Andrew M and Estate Of Emilio Gonzalez
Bought by
Stewart Maria M and The Gretchan Jordan 1990 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2005
Sold by
Gonzalez Juan E and Estate Of Emilio Gonzalez
Bought by
Maldonado Maria Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2004
Sold by
Gonzalez Juan E
Bought by
Maldonado Maria Lourdes

Purchase Details

Closed on
Jun 18, 1996
Sold by
S5 Reo Cal Ii Lp
Bought by
Gonzalez Emilio

Purchase Details

Closed on
Feb 6, 1995
Sold by
Lombardo John C and Western Fsla
Bought by
S5 Reo Cal Ii Lp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
8627 Ramsgate Llc $744,007 Stewart Title Of California
Stewart Maria M -- Southland Title
Stewart Maria M $670,000 Southland Title
Maldonado Maria Lourdes -- Alliance
Maldonado Maria Lourdes -- --
Gonzalez Emilio -- --
S5 Reo Cal Ii Lp $200,000 World Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 8627 Ramgate Llc $745,000
Closed 8627 Ramsgate Llc $800,000
Previous Owner 8627 Ramsgate Llc $555,000
Previous Owner Stewart Maria M $500,000
Previous Owner Stewart Maria M $502,500
Previous Owner Maldonado Maria Lourdes $460,000
Previous Owner Gonzalez Juan $50,000
Previous Owner Gonzalez Juan $77,000
Previous Owner Gonzalez Emilio $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2013 04/30/13 Sold $744,000 -3.4% $342 / Sq Ft
02/19/2013 02/19/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $770,000 -- $354 / 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 $11,665 $916,170 $738,852 $177,318
2024 $11,665 $898,207 $724,365 $173,842
2023 $11,454 $880,596 $710,162 $170,434
2022 $10,952 $863,331 $696,238 $167,093
2021 $10,806 $846,404 $682,587 $163,817
2019 $10,499 $821,301 $662,342 $158,959
2018 $10,410 $805,198 $649,355 $155,843
2016 $9,903 $773,934 $624,141 $149,793
2015 $9,766 $762,309 $614,766 $147,543
2014 $9,828 $747,377 $602,724 $144,653
Source: Public Records

Agents Affiliated with this Home

  • Irma Vargas

    Seller's Agent in 2013

    Irma Vargas

    Tierra Properties

    (310) 930-6187

    2 in this area

    13 Total Sales

    Section Image
  • Rod Vargas

    Seller Co-Listing Agent in 2013

    Rod Vargas

    Tierra Properties

    (310) 925-7492

    2 in this area

    16 Total Sales

    Section Image
  • Laura Davis

    Buyer's Agent in 2013

    Laura Davis

    Estate Properties

    (310) 490-0474

    14 in this area

    33 Total Sales

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Map

Source: The MLS

MLS Number: 13-645383

The MLS

APN: 4125-013-004

California Los Angeles County Los Angeles 90045 Westchester

8627 Ramsgate Ave, Los Angeles, CA

This home is located at 8627 Ramsgate Ave, Los Angeles, CA 90045 since 15 January 2013 and is currently estimated at $1,670,663, approximately $767 per square foot. This property was built in 1949. 8627 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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