NOT LISTED FOR SALE

8716 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,270,000 - $1,552,000

8 Beds
4 Baths
3,260 Sq Ft
$443/Sq Ft Est. Value

Last Sold July 28, 2023

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

Current estimated payment $9,138/month

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

Est. Annual Taxes

  • $17,282

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

Est. Annual Taxes

$17,282

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3260
  • Lot Acreage: 0.1566
  • Stories: 2
  • Year Built: 1951
  • Number Of Photos: 5
  • 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
  • Total Annual Expense: 30625
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2023
Closed on
Jul 24, 2023
Sold by
8716 Ramsgate Llc
Bought by
Ramsgate Property Llc
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
$1,406,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,000
Avg. Annual Appreciation
1.52%
Original Mortgage
$1,870,000
Interest Rate
6.69%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 23, 2017
Sold by
Gonzalez Sergio
Bought by
8716 Ramsgate Llc

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
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 14, 2014
Sold by
Garcia Taidy
Bought by
Hernandez Esvin A

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
Hernandez Esvin A
Bought by
Gonzalez Sergio and Browder Modesta

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
Piercy Gina
Bought by
Gonzalez Sergio and Browder Modesta

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
Garland Michael J and Garland Laura S
Bought by
Piercy Gina

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
Trust Weber Alan L And Priscilla J Trs W
Bought by
Weber Alan L

Purchase Details

Closed on
Jul 23, 1996
Sold by
Great Western Bank Fsb
Bought by
Garland Michael J and Garland Laura S

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
Weber A L and Weber Priscila J
Bought by
Great Western Bank Fsb

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:

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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
Ramsgate Property Llc $2,800,000 Fidelity National Title
8716 Ramsgate Llc $1,315,000 Commonwealth Land Title Co
Hernandez Esvin A -- Accommodation
Gonzalez Sergio -- Fidelity Sherman Oaks
Gonzalez Sergio $550,000 Provident Title
Piercy Gina $685,000 Fidelity Long Beach
Weber Alan L -- --
Garland Michael J $185,000 Chicago Title Co
Great Western Bank Fsb $178,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramsgate Property Llc $2,079,000
Closed Ramsgate Property Llc $1,870,000
Previous Owner 9033 Ramsgate Llc A California Llc $6,425,000
Previous Owner 9033 Ramsgate Llc $6,425,000
Previous Owner 9033 Ramsgate Llc $19,990,000
Previous Owner 9033 Ramsgate Llc $420,000
Previous Owner 9033 Ramsgate Llc $13,000,000
Previous Owner 8716 Ramsgate Llc $1,067,000
Previous Owner 8716 Ramsgate Llc $1,067,000
Previous Owner Gonzalez Sergio $553,000
Previous Owner Gonzalez Sergio $542,691
Previous Owner Piercy Gina $616,500
Previous Owner Garland Michael J $145,100
Previous Owner Garland Michael J $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $17,282 $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) 377-6001

    11 in this area

    71 Total Sales

    Section Image
  • Don Favia

    Seller Co-Listing Agent in 2023

    Don Favia

    Realty Investment Advisors, Inc.

    (424) 377-6007

    11 in this area

    26 Total Sales

    Section Image

  • H

    Buyer's Agent in 2023

    Hubert Chen

    Mr MGM Inc.

    (626) 623-3211

    3 in this area

    5 Total Sales

    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

This home is located at 8716 Ramsgate Ave, Los Angeles, CA 90045 since 17 April 2023 and is currently estimated at $1,443,667, approximately $442 per square foot. This property was built in 1951. 8716 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 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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