NOT LISTED FOR SALE

8904 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,753,010 - $2,082,000

4 Beds
4 Baths
2,640 Sq Ft
$726/Sq Ft Est. Value

Sale Details

Date Sold: January 31, 2018

Last sale price $1,350,000 $511 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $12,161 / mo

5 Days on Market

About This Home

As of January 2018

Real estate investment opportunity situated in a highly desirable location in Westchester. Compelling value proposition for investors: Implementation of a project to build beautiful and luxurious townhouses or the potential benefit for generating higher growth rates by increasing rates of leased units. Each unit has 1 bedroom and garage.

Last Agent to Sell the Property

Edgard Asensio

Asensio Property Management Inc License #01253842 Listed on: 11/22/2017

Last Buyer's Agent

Edgard Asensio

Asensio Property Management Inc License #01253842 Listed on: 11/22/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,820 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,640 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer Hookup

Listing and Financial Details

  • Tax Lot 131
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125014021

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,680
  • Trash Expense $840
  • Water Sewer Expense $2,400
  • New Taxes Expense $13,500
  • Operating Expense $18,420
  • Gross Income $4,473
  • Net Operating Income $46,236

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

6,820 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4125014021
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 511.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6820.00

Multi Family

  • Gross Income: 4473.00
  • Gross Scheduled Income: 53676.00
  • Insurance Expense: 1680.00
  • Net Operating Income: 46236.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7440.00
  • Rent Control: Yes
  • Total Expenses: 18420.00

Tax Info

  • New Taxes Expense: 13500.00
  • Tax Census Tract: 2772.00
  • Tax Lot: 131
  • Tax Tract Number: 15283

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
Nov 22, 2017
Closed on
Dec 5, 2017
Sold by
Bought by
Seller's Agent
Edgard Asensio
Asensio Property Management Inc
Buyer's Agent
Edgard Asensio
Asensio Property Management Inc
List Price
$1,350,000
Sold Price
$1,350,000
Current Estimated Value
$1,917,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$567,505
Avg. Annual Appreciation
4.27%

Purchase Details

Closed on
Oct 26, 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
$390,000
Interest Rate
4.33%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 6, 2002
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
$262,500
Interest Rate
5.68%

Purchase Details

Closed on
Aug 10, 1999
Sold by
Bought by
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

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
$1,350,000 North American Title Company
-- --
-- Lawyers Title
-- American Coast Title Co Inc
-- American Coast Title
-- --
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
Previous Owner $390,000
Previous Owner $262,500
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
01/31/2018 01/31/18 Sold $1,350,000 0.0% $511 / Sq Ft
11/27/2017 11/27/17 Pending -- -- --
11/22/2017 11/22/17 For Sale $1,350,000 -- $511 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,888 $1,820,752 $1,820,752 --
2024 $27,574 $2,225,508 $1,785,051 $440,457
2023 $27,048 $2,181,871 $1,750,050 $431,821
2022 $25,806 $2,139,090 $1,715,736 $423,354
2021 $25,255 $2,097,148 $1,682,095 $415,053
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Edgard Asensio

    Asensio Property Management Inc

    (310) 618-0808

    10 Total Sales

    Edgard Asensio
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17263651

California Regional Multiple Listing Service (CRMLS)

APN: 4125-014-030

California Los Angeles County Los Angeles 90045 Westchester

8904 Ramsgate Ave, Los Angeles, CA

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California Regional Multiple Listing Service (CRMLS) 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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