NOT LISTED FOR SALE

8932 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,304,000 - $1,589,000

4 Beds
3 Baths
2,344 Sq Ft
$598/Sq Ft Est. Value

Last Sold February 10, 2022

Last sale price $1,200,000 $512 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,608/month

212 Days on Market

Highlights

  • Double Pane Windows
  • Laundry Room
  • Energy-Efficient Windows
  • Living Room
  • Tile Flooring
  • Fenced

About This Home

As of February 2022

MOTIVATED SELLER. New development ore investors opportunity, 3 units located close to LAX, front unit is 2 bedrooms and 1 Bathroom, and the other 2 units are 1bedroom and 1 bathroom each, all intis has its own back yard and inclose Garage.

Last Agent to Sell the Property

Oscar Avellaneda

B.L.A. Properties & Loans, Inc License #01720515 Listed on: 06/12/2021

Last Buyer's Agent

Antoine Bitar

Jesse Weinberg License #01997840

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,819 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Fenced
  • Fence is in average condition
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Cosmetic Repairs Needed
  • Raised Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,344 Sq Ft Home
  • Double Pane Windows
  • Living Room
  • Trash Compactor

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Energy-Efficient Windows
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 126
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125014016

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $91
  • Water Sewer Expense $280
  • Operating Expense $370
  • Gross Income $4,600
  • Net Operating Income $4,190

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 280.00
  • Zoning: LAR3
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 4125014016
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 511.95
  • Room Type: Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Trash Compactor
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Green Features

  • Efficiency: Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6819.00
  • Lot Size Acres: 0.1565

Multi Family

  • Gross Income: 4600.00
  • Gross Scheduled Income: 4600.00
  • Insurance Expense: 91.00
  • Lot Size Area: 6819.0000 Square Feet
  • Net Operating Income: 4190.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 410.00
  • Rent Control: Yes
  • Total Expenses: 370.00

Tax Info

  • Tax Census Tract: 2772.00
  • Tax Lot: 126
  • Tax Tract Number: 15283

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2021
Closed on
Feb 1, 2022
Sold by
Chiang Hsing Jung
Bought by
Hsu Jason
Seller's Agent
Oscar Avellaneda
B.L.A. Properties & Loans, Inc
Buyer's Agent
Antoine Bitar
Jesse Weinberg
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%
Current Estimated Value
$1,400,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,945
Avg. Annual Appreciation
4.02%
Original Mortgage
$900,000
Outstanding Balance
$829,423
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$571,522

Purchase Details

Listed on
Jun 12, 2021
Closed on
Jan 27, 2022
Sold by
Teberh Zerihun
Bought by
Ilsu Jason
Seller's Agent
Oscar Avellaneda
B.L.A. Properties & Loans, Inc
Buyer's Agent
Antoine Bitar
Jesse Weinberg
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$829,423
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$571,522

Purchase Details

Closed on
Feb 1, 2011
Sold by
Wroten Marjorie Jamie
Bought by
Zerihun Teberh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2007
Sold by
Hritz James P and Estate Of Ines Ochoa Cowen
Bought by
Wroten Marjorie Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$631,750
Interest Rate
9.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2003
Sold by
Argust Hiram and Argust Ruth
Bought by
Cowen Ines Ochoa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$347,250
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Hsu Jason -- Stewart Title Of California In
Ilsu Jason $1,200,000 Stewart Title Of California In
Zerihun Teberh $390,000 First American Title Company
Wroten Marjorie Jamie $665,000 Commonwealth Land Title Co
Cowen Ines Ochoa $463,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hsu Jason $900,000
Closed Ilsu Jason $900,000
Previous Owner Zerihun Teberh $312,000
Previous Owner Wroten Marjorie Jamie $631,750
Previous Owner Cowen Ines Ochoa $347,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2022 02/10/22 Sold $1,200,000 -11.1% $512 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
01/04/2022 01/04/22 For Sale $1,350,000 0.0% $576 / Sq Ft
01/02/2022 01/02/22 For Sale $1,350,000 +12.5% $576 / Sq Ft
12/31/2021 12/31/21 Off Market $1,200,000 -- --
08/10/2021 08/10/21 Price Changed $1,350,000 -10.0% $576 / Sq Ft
07/07/2021 07/07/21 Price Changed $1,500,000 -11.8% $640 / Sq Ft
06/12/2021 06/12/21 For Sale $1,700,000 0.0% $725 / Sq Ft
08/12/2020 08/12/20 Rented $1,500 0.0% --
07/29/2020 07/29/20 Under Contract -- -- --
07/17/2020 07/17/20 For Rent $1,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,393 $1,273,448 $891,414 $382,034
2024 $15,393 $1,248,480 $873,936 $374,544
2023 $15,099 $1,224,000 $856,800 $367,200
2022 $5,904 $470,830 $350,107 $120,723
2021 $5,821 $461,599 $343,243 $118,356
2019 $5,653 $447,910 $333,063 $114,847
2018 $5,533 $439,129 $326,533 $112,596
2016 $5,276 $422,079 $313,854 $108,225
2015 $5,201 $415,740 $309,140 $106,600
2014 $5,238 $407,597 $303,085 $104,512
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2022

    Oscar Avellaneda

    B.L.A. Properties & Loans, Inc

    (818) 912-6076

    1 in this area

    17 Total Sales

    Oscar Avellaneda
    Section Image
  • Antoine Bitar

    Buyer's Agent in 2022

    Antoine Bitar

    Jesse Weinberg

    (424) 214-8574

    16 in this area

    22 Total Sales

    Antoine Bitar
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21125917

California Regional Multiple Listing Service (CRMLS)

APN: 4125-014-016

California Los Angeles County Los Angeles 90045 Westchester

8932 Ramsgate Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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