NOT LISTED FOR SALE

8827 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,274,000 - $1,880,000

8 Beds
4 Baths
3,480 Sq Ft
$462/Sq Ft Est. Value

Last Sold March 15, 2016

Last sale price $1,010,000 $290 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $9,744/month

37 Days on Market

About This Home

As of March 2016

New home buyer's dream, live in one unit and rent out the rest!!! Very well kept four unit property in a quiet and most desired prime area of Westchester neighborhood. All 2 bds and 1 bath each with detached parking carports on the side of the building. Well maintained orchard of fruits in front and back of the property. Don't miss an opportunity to own this gem. Bring your qualified buyers and let's open escrow.

Last Agent to Sell the Property

Ike Obasi

First Vision Real Estate and Financial Services License #01465986 Listed on: 12/21/2015

Last Buyer's Agent

Carlos Alvarez

License #01855337

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,006

Home Design

  • 3,480 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Detached Carport Spaces

Additional Features

  • 7,006 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 4125-012-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Investment property in a prime location of Westchester Ca with lots of potentials and upside!
  • Living Area: 3480
  • Probate: No
  • 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: 287.36

Exterior Features

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

Garage/Parking

  • Carport Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Carport Detached
  • Total Parking: 4

Utilities

  • Heating: Wall

Fee Information

  • Insurance Expense: 112.00
  • Maintenance Expense: 100.00

Lot Info

  • Assessed Improvement Value: 153691
  • Assessed Land Value: 409844
  • Assessor Parcel Number: 4125-012-005
  • Geocode Override: No
  • Lot Size Area: 7006

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 198.41
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Quaruplex

Tax Info

  • Tax Expense: 584.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2015
Closed on
Feb 10, 2016
Sold by
Ekujere Charles
Bought by
Hajaj Akash
Seller's Agent
Ike Obasi
First Vision Real Estate and Financial Services
Buyer's Agent
Carlos Alvarez
List Price
$999,999
Sold Price
$1,010,000
Premium/Discount to List
$10,001
1%
Current Estimated Value
$1,608,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$598,206
Avg. Annual Appreciation
4.84%
Original Mortgage
$707,000
Outstanding Balance
$556,518
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$1,051,688

Purchase Details

Closed on
Sep 7, 2012
Sold by
Ejimole Rita Ngozi
Bought by
Ekujere Charles and Otaro Rotimi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,219
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2006
Sold by
Ejimole David
Bought by
Ejimole Rita Ngozi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 7, 2006
Sold by
Jimenez Zulma
Bought by
Ejimole Rita Ngozi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 3, 2006
Sold by
Jimenez Santiago
Bought by
Jimenez Zulma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 16, 2005
Sold by
Jimenez Zulma
Bought by
Jimenez Santiago and Jimenez Zulma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2004
Sold by
Jimenez Zulma
Bought by
Jimenez Santiago and Jimenez Zulma

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
5.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 1998
Sold by
Ibarra Maria
Bought by
Ibarra Maria and Jimenez Zulma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,301
Interest Rate
6.95%

Purchase Details

Closed on
Apr 1, 1996
Sold by
Ibarra Maria
Bought by
Ibarra Maria and Jimenez Zulma
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hajaj Akash $1,010,000 Property Id Title Company
Ekujere Charles $550,000 Stewart Title Of California
Ejimole Rita Ngozi -- Progressive Title Co Inc
Ejimole Rita Ngozi $900,000 Progressive Title Co Inc
Jimenez Zulma -- First American Title Co
Jimenez Santiago -- --
Jimenez Zulma -- Chicago Title
Jimenez Santiago -- Chicago Title
Ibarra Maria -- Orange Coast Title
Ibarra Maria -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hajaj Akash $707,000
Previous Owner Ekujere Charles $530,219
Previous Owner Ejimole Rita Ngozi $180,000
Previous Owner Ejimole Rita Ngozi $630,000
Previous Owner Jimenez Zulma $80,500
Previous Owner Jimenez Zulma $525,000
Previous Owner Jimenez Santiago $460,000
Previous Owner Ibarra Maria $12,301
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2016 03/15/16 Sold $1,010,000 +1.0% $290 / Sq Ft
01/27/2016 01/27/16 Pending -- -- --
12/21/2015 12/21/15 For Sale $999,999 -- $287 / 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 $16,025 $1,299,979 $1,061,208 $238,771
2024 $15,817 $1,274,490 $1,040,400 $234,090
2023 $15,517 $1,249,500 $1,020,000 $229,500
2022 $13,659 $1,126,670 $792,016 $334,654
2021 $13,479 $1,104,580 $776,487 $328,093
2019 $13,081 $1,071,819 $753,457 $318,362
2018 $12,948 $1,050,804 $738,684 $312,120
2016 $7,147 $572,128 $416,094 $156,034
2015 $7,046 $563,535 $409,844 $153,691
2014 $7,094 $552,497 $401,816 $150,681
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2016

    Ike Obasi

    First Vision Real Estate and Financial Services

    (310) 649-2028

    9 Total Sales

    Ike Obasi
    Section Image

  • C

    Buyer's Agent in 2016

    Carlos Alvarez

See All Agents

Map

Source: The MLS

MLS Number: 15-966543

The MLS

APN: 4125-012-005

California Los Angeles County Los Angeles 90045 Westchester

8827 Ramsgate Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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