NOT LISTED FOR SALE

8722 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,549,000 - $1,672,000

8 Beds
4 Baths
3,260 Sq Ft
$499/Sq Ft Est. Value

Sale Details

Date Sold: July 28, 2023

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

Est. 16% increase in value since last sale

Current estimated payment $10,325 / mo

44 Days on Market

About This Home

As of July 2023

We are pleased to offer an attractive investment opportunity in the bustling neighborhood of Westchester. This fully vacant fourplex, comprising four spacious two-bedroom one bath units, is ripe for transformation. Value-add investors and owner-users alike have a unique chance to build significant property value. The potential to add ADUs, subject to state and local laws, alongside the ability to rent units at market rates post-Ellis Expiration on November 3, 2023, amplifies this property's investment potential. Located in the vibrant Westchester neighborhood, surrounded by economic hubs like Google, Northrop Grumman, and Boeing, and in proximity to the renowned Loyola Marymount University, this property is perfectly positioned to attract a diverse and affluent tenant base.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 06/02/2023

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

  • 6,822 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • 3,260 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4125-015-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

6,822 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3260
  • Lot Acreage: 0.1566
  • Year Built: 1951
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

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

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 23.08
  • Assessed Improvement Value: 321660
  • Assessed Land Percent: 76.92
  • Assessed Land Value: 1072201
  • Total Assessed Value: 1393861
  • Assessor Parcel Number: 4125-015-017
  • Lot Size Area: 6822

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
Jun 2, 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
$1,400,000
Sold Price
$1,400,000
Views
871
Current Estimated Value
$1,627,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,667
Avg. Annual Appreciation
5.13%
Original Mortgage
$1,870,000
Interest Rate
0.0669%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 9, 2021
Sold by
Bought by

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
$1,144,000
Interest Rate
0.0392%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2007
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
$512,000
Interest Rate
0.0642%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 29, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 19, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 9, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
-- Land Title
$1,300,000 Commonwealth Land Title Co
-- Fidelity National Title
-- Fidelity National Title
-- --
-- --
$190,000 Chicago Title Co
$140,000 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
Open $4,350,000
Closed $2,090,000
Closed $1,870,000
Previous Owner $6,425,000
Previous Owner $6,425,000
Previous Owner $19,990,000
Previous Owner $420,000
Previous Owner $13,000,000
Previous Owner $1,144,000
Previous Owner $489,868
Previous Owner $512,000
Previous Owner $497,250
Previous Owner $279,000
Previous Owner $154,000
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 -- -- --
06/02/2023 06/02/23 For Sale $1,400,000 -- $429 / 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 $17,474 $1,428,000 $1,122,000 $306,000
2024 $17,277 $1,400,000 $1,100,000 $300,000
2023 $17,537 $1,421,738 $1,093,645 $328,093
2022 $16,728 $1,393,861 $1,072,201 $321,660
2021 $16,514 $1,366,531 $1,051,178 $315,353
2020 $16,683 $1,352,520 $1,040,400 $312,120
2019 $16,022 $1,326,000 $1,020,000 $306,000
2018 $15,913 $1,300,000 $1,000,000 $300,000
2016 $3,431 $261,392 $145,830 $115,562
2015 $3,385 $257,467 $143,640 $113,827
2014 $3,425 $252,425 $140,827 $111,598
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

    75 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

    27 Total Sales

    Don Favia
    Section Image

  • H

    Buyer's Agent in 2023

    Hubert Chen

    Mr MGM Inc.

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-271071

The MLS

APN: 4125-015-017

California Los Angeles County Los Angeles 90045 Westchester

8722 Ramsgate Ave, Los Angeles, CA

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 © 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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.