8716 Ramsgate Ave Los Angeles, CA 90045
Westchester NeighborhoodEstimated payment $31,671/month
Highlights
- 0.31 Acre Lot
- No HOA
- Laundry Facilities
About This Home
Set along a quiet, tree-lined residential street in Westchester, 8716 & 8722 Ramsgate Avenue represents an extraordinary Westside investment opportunity: a turnkey, 12-unit multi-family portfolio delivering a true 7.33% cap rate and a 9.95x GRM on current in-place income. Positioned across a double lot on two adjacent parcels, the property underwent an expansive, top-to-bottom redevelopment finished in Summer of 2025, which included the ground-up construction of four brand-new units. The extensive scope of work leaves zero deferred maintenance, replacing or modernizing every primary building system—including plumbing, main sewer, electrical, HVAC, dual-pane windows, lighting, flooring, bathrooms and kitchen. Outside, the grounds feature refreshed stucco and paint, updated stairways and railings, new paver hardscaping, and professionally curated drought-tolerant landscaping. Inside, the optimized layout includes eight 2-bedroom and four 3-bedroom residences, each detailed with clean modern finishes and in-unit washers and dryers. Delivering immediate, durable cash flow without construction risk or lease-up exposure, this property stands out as a pristine, low-overhead Westside holding.
Listing Agent
ALTC Realty Brokerage Phone: 626-378-8007 License #01514595 Listed on: 07/28/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 13,600 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 10,500 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 145
- Tax Tract Number 15283
- Assessor Parcel Number 4125015018
- $536 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- Insurance Expense $8,439
- Professional Management Expense $27,016
- Trash Expense $1,440
- Water Sewer Expense $12,960
- Operating Expense $133,675
- Gross Income $540,329
- Net Operating Income $406,654
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/28/2026 07/28/26 | For Sale | $5,545,000 | +296.1% | $528 / Sq Ft | |
| 07/28/2023 07/28/23 | Sold | $1,400,000 | 0.0% | $429 / Sq Ft | View Prior Sale |
| 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 |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,800,000 | Fidelity National Title | |
| Grant Deed | $1,315,000 | Commonwealth Land Title Co | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | -- | Fidelity Sherman Oaks | |
| Grant Deed | $550,000 | Provident Title | |
| Grant Deed | $685,000 | Fidelity Long Beach | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $185,000 | Chicago Title Co | |
| Trustee Deed | $178,500 | Chicago Title Co |
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 | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,350,000 | New Conventional | |
| Closed | $2,079,000 | Construction | |
| Closed | $1,870,000 | Construction | |
| Previous Owner | $6,425,000 | Commercial | |
| Previous Owner | $6,425,000 | Commercial | |
| Previous Owner | $19,990,000 | Commercial | |
| Previous Owner | $420,000 | Commercial | |
| Previous Owner | $13,000,000 | Commercial | |
| Previous Owner | $1,067,000 | Purchase Money Mortgage | |
| Previous Owner | $553,000 | New Conventional | |
| Previous Owner | $542,691 | FHA | |
| Previous Owner | $616,500 | Stand Alone First | |
| Previous Owner | $145,100 | Unknown |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26164563
APN: 4125-015-018
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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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