NOT LISTED FOR SALE

8716 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,397,000 - $4,802,000

8 Beds
4 Baths
3,260 Sq Ft
$821/Sq Ft Est. Value

Sale Details

Date Sold: July 28, 2023

Last sale price $1,400,000 $429 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $15,970 / mo

90 Days on Market

About This Home

As of July 2023

We are proud to present an exceptional investment opportunity in the heart of Westchester, Los Angeles. This fully vacant fourplex, with four spacious two-bedroom one bath units, offers a remarkable opportunity for value-add investors and owner-users alike. The ability to create high-quality housing options, ready to be rented at market rates after the Ellis Expiration on November 3, 2023, presents a compelling prospect. Furthermore, the potential to add Accessory Dwelling Units (ADUs), subject to state and local laws, enhances the property's appeal. Situated in Westchester, a thriving neighborhood known for its economic strength and rapid growth, this property is poised to capitalize on the flourishing rental demand. Its strategic location near major employers, renowned educational institutions, and proximity to Playa Del Rey offers a lifestyle of convenience and relaxation, further boosting its attractiveness to potential tenants.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 04/17/2023

Co-Listed By

Don Favia

Realty Investment Advisors, Inc. License #01841258

Last Buyer's Agent

Hubert Chen

Mr MGM Inc. License #02006134

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 6,820 Sq Ft Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 3,260 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4125-015-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

6,820 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3260
  • Lot Acreage: 0.1566
  • Stories: 2
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 429.45

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 23.95
  • Assessed Improvement Value: 337743
  • Assessed Land Percent: 76.05
  • Assessed Land Value: 1072201
  • Total Assessed Value: 1409944
  • Assessor Parcel Number: 4125-015-018
  • Lot Size Area: 6820

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.33
  • Number Of Units: 4
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00

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
Apr 17, 2023
Closed on
Jul 24, 2023
Sold by
Bought by
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Hubert Chen
Mr MGM Inc.
List Price
$3,100,000
Sold Price
$1,400,000
Premium/Discount to List
-$1,700,000
-54.84%
Views
7
Current Estimated Value
$2,676,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,276,333
Avg. Annual Appreciation
25.63%
Original Mortgage
$1,870,000
Interest Rate
6.69%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 23, 2017
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
$1,067,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2014
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
$553,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2014
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
$553,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2010
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
$542,691
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2004
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
$616,500
Interest Rate
7.36%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 29, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 23, 1996
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
$148,000
Interest Rate
4.25%

Purchase Details

Closed on
Jul 9, 1996
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
$148,000
Interest Rate
4.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

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
$2,800,000 Fidelity National Title
$1,315,000 Commonwealth Land Title Co
-- Accommodation
-- Fidelity Sherman Oaks
$550,000 Provident Title
$685,000 Fidelity Long Beach
-- --
$185,000 Chicago Title Co
$178,500 Chicago Title Co
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 $1,870,000
Previous Owner $1,067,000
Previous Owner $553,000
Previous Owner $542,691
Previous Owner $616,500
Previous Owner $148,000
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
07/28/2023 07/28/23 Sold $1,400,000 0.0% $429 / Sq Ft
07/16/2023 07/16/23 Pending -- -- --
05/17/2023 05/17/23 Price Changed $1,400,000 -54.8% $429 / Sq Ft
04/17/2023 04/17/23 For Sale $3,100,000 -- $951 / Sq Ft
Source: The MLS

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 $17,491 $1,428,000 $1,122,000 $306,000
2024 $17,282 $1,400,000 $1,100,000 $300,000
2023 $17,739 $1,438,142 $1,093,645 $344,497
2022 $16,920 $1,409,944 $1,072,201 $337,743
2021 $16,704 $1,382,299 $1,051,178 $331,121
2019 $16,206 $1,341,300 $1,020,000 $321,300
2018 $16,092 $1,315,000 $1,000,000 $315,000
2016 $7,327 $595,241 $432,903 $162,338
2015 $7,221 $586,301 $426,401 $159,900
2014 $7,268 $574,817 $418,049 $156,768
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2023

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 338-9523

    11 in this area

    78 Total Sales

    Benjamin Hsiang
    Section Image
  • Don Favia

    Seller Co-Listing Agent in 2023

    Don Favia

    Realty Investment Advisors, Inc.

    (424) 377-6007

    11 in this area

    29 Total Sales

    Don Favia
    Section Image

  • H

    Buyer's Agent in 2023

    Hubert Chen

    Mr MGM Inc.

    Section Image
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Map

Source: The MLS

MLS Number: 23-260051

The MLS

APN: 4125-015-018

California Los Angeles County Los Angeles 90045 Westchester

8716 Ramsgate Ave, Los Angeles, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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.
Information is deemed reliable but not guaranteed.

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