NOT LISTED FOR SALE

Estimated Value: $1,216,840

0.16 Acres
$7,506,724 Price per Acre
7,063 Sq Ft Lot

Sale Details

Date Sold: February 20, 2025

Last sale price $1,100,000 $616 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,822 / mo

228 Days on Market

About This Lot

As of February 2025

We are pleased to present 8931 Ramsgate Ave, a VACANT duplex located on 7,063 SF of LAR3 Tier 3 TOC zoned land! With the existing duplex (both 2 bed + 1 bath) being 100% vacant, there are numerous exit strategies that include the following: 1) Build 16 units + 4 ADUs utilizing the current RTI plans, 2) Renovate the existing Duplex + build new ADUs, 3) Utilize ED1 to construct 100% affordable housing project, or 4) Multiple duplex style build yield 4-6 large units. Located in the heart of Westchester, tenants will have ease of access to the 405FWY, numerous employment opportunities, Loyola Marymount University, Venice Beach, Santa Monica, El Segundo, and LAX. Ownership has plans in place for a market rate 16-unit + 4 ADU development that can be included in a sale. As a 100% affordable ED1 development, there's potential for up to 36 units with no parking requirements and an affordable stick on grade type construction. As a value-add project, a new owner can perform renovations on the existing units, both 2 bed + 1 bath units, and add additional ADUs by converting the existing rear garage. Buyer shall complete their own due diligence to determine the development potential.

Last Agent to Sell the Property

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 01/03/2025

Last Buyer's Agent

Andrianna Chakava

Coldwell Banker Realty License #02135498

Coldwell Banker Realty
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Property Details

Property Type

  • Land

Lot Details

  • 7,063 Sq Ft Lot
  • Property is zoned LAR3

Property Views

  • City Views

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4125-012-014

Property Details

Property Type

Land

Lot Details

7,063 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1621
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 4125-012-014
  • Lot Size Area: 7063

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
Jan 3, 2025
Closed on
Jan 27, 2025
Sold by
Bought by
Seller's Agent
Casey Lins
Kidder Mathews of California, Inc.
Buyer's Agent
Andrianna Chakava
Coldwell Banker Realty
List Price
$1,195,000
Sold Price
$1,100,000
Premium/Discount to List
-$95,000
-7.95%
Views
13
Current Estimated Value
$1,216,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,840
Avg. Annual Appreciation
7.21%

Purchase Details

Listed on
Dec 22, 2018
Closed on
Mar 13, 2019
Sold by
Bought by
Seller's Agent
Alex Abad
Tower-60
Buyer's Agent
Alex Abad
Tower-60
List Price
$1,199,000
Sold Price
$1,000,000
Premium/Discount to List
-$199,000
-16.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.62%
Original Mortgage
$500,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 14, 2001
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
$253,029
Interest Rate
7%
Mortgage Type
FHA
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Westchester, CA

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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
$1,100,000 Ticor Title
$1,000,000 First American Title Company
-- First American Title Company
$257,000 Investors Title Company
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 $500,000
Previous Owner $125,000
Previous Owner $100,000
Previous Owner $421,000
Previous Owner $76,000
Previous Owner $261,000
Previous Owner $30,000
Previous Owner $253,029
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 Prior Sale
02/20/2025 02/20/25 Sold $1,100,000 -7.9% $616 / Sq Ft
01/05/2025 01/05/25 Pending -- -- --
01/03/2025 01/03/25 For Sale $1,195,000 +8.6% $669 / Sq Ft
12/31/2024 12/31/24 Off Market $1,100,000 -- --
11/04/2024 11/04/24 Price Changed $1,195,000 -4.4% $669 / Sq Ft
09/03/2024 09/03/24 Price Changed $1,250,000 -3.5% $700 / Sq Ft
07/09/2024 07/09/24 Price Changed $1,295,000 -4.1% $725 / Sq Ft
05/22/2024 05/22/24 For Sale $1,350,000 +35.0% $756 / Sq Ft
03/20/2019 03/20/19 Sold $1,000,000 -9.1% $560 / Sq Ft View Prior Sale
02/08/2019 02/08/19 Price Changed $1,100,000 -8.3% $616 / Sq Ft
01/19/2019 01/19/19 Pending -- -- --
01/02/2019 01/02/19 For Sale $1,199,000 +19.9% $671 / Sq Ft
12/22/2018 12/22/18 Off Market $1,000,000 -- --
12/22/2018 12/22/18 For Sale $1,199,000 -- $671 / 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 $13,610 $1,115,515 $780,861 $334,654
2024 $13,475 $1,093,643 $765,550 $328,093
2023 $13,219 $1,072,200 $750,540 $321,660
2022 $12,609 $1,051,177 $735,824 $315,353
2021 $12,452 $1,030,567 $721,397 $309,170
2019 $7,890 $340,335 $264,857 $75,478
2018 $4,194 $333,663 $259,664 $73,999
2016 $3,999 $320,709 $249,582 $71,127
2015 $3,942 $315,893 $245,834 $70,059
2014 $3,969 $309,706 $241,019 $68,687
Source: Public Records

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Map

Source: The MLS

MLS Number: 24-395379

The MLS

APN: 4125-012-014

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