NOT LISTED FOR SALE

9012 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,200,000 - $1,562,000

5 Beds
4 Baths
2,829 Sq Ft
$502/Sq Ft Est. Value

Last Sold April 28, 2015

Last sale price $758,300 $268 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $8,370/month

118 Days on Market

Highlights

  • Fireplace in Bathroom
  • Wood Flooring
  • Paved or Partially Paved Lot
  • Traditional Architecture

About This Home

As of April 2015

THIS IS A GREAT OWNER /USER 4 PLEX. HUGH UPSIDE RENT ON TWO UNITS. (1) TWO BEDROOMS ONE BATH UNITS (3) ONE BEDROOM ONE BATH UNITS . NICE BACK YARD. DETACHED 4 CAR GARAGE. CLOSE PROXIMITY TO TRANSPORTATION ,SHOPPING, NOT FAR FROM BEACH.
DRIVE BY ONLY INSIDE WITH ACCEPTED OFFER. BUYER TO COOPERATE WITH SELLER IN A 1031 EXCHANGE AT NO COST TO BUYER. MAY BE SUBJECT TO FINDING A REPLACEMENT PROPERTY. AT NEW MARKET RENTS THIS BUILDING COULD BE PRODUCING $64,800 YEAR. $5400 PER MONTH.

Last Agent to Sell the Property

RONALD KEREN

THE REAL ESTATE CONSULTANTS License #01000920 Listed on: 11/04/2014

Last Buyer's Agent

Spencer Brooks

Realty Executives Westside License #01360346

Realty Executives Westside

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,014 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking
  • Community Parking Structure

Home Design

  • 2,829 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof

Kitchen

  • Gas Oven
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 122
  • Tax Tract Number 15283
  • Assessor Parcel Number 4125011043

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,738
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,000
  • Gross Income $5,400
  • Net Operating Income $30,945

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: lar3
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 4125011043
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Bath
  • Levels: Two
  • Price Per Square Foot: 268.05

Exterior Features

  • Foundation: Raised
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Carport
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Appliances: Disposal, Gas Oven
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre, Lot 6500-9999, Paved
  • Lot Size Sq Ft: 7014.00
  • Lot Size Acres: 0.1610

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5400.00
  • Gross Multiplier: 11.86
  • Gross Scheduled Income: 42336.00
  • Insurance Expense: 1738.00
  • Lot Size Area: 7014.0000 Square Feet
  • Net Operating Income: 30945.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 11389.00
  • Rent Control: Yes
  • Total Actual Rent: 42132.00

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Lot: 122
  • Tax Tract Number: 15283
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2018
Sold by
Lafrance Jason M
Bought by
Lafrance Joycestine Yvonne and Lafrance Jason M
Current Estimated Value
$1,420,680

Purchase Details

Closed on
Nov 17, 2017
Sold by
Lafrance Jason M and Lafrance Joycestine Y
Bought by
Lafrance Jason M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$566,512
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$854,168

Purchase Details

Listed on
Nov 4, 2014
Closed on
Apr 17, 2015
Sold by
Ju Kumsum W
Bought by
Lafrance Jason M and Lafrance Joycestine Y
Seller's Agent
RONALD KEREN
THE REAL ESTATE CONSULTANTS
Buyer's Agent
Spencer Brooks
Realty Executives Westside
List Price
$695,000
Sold Price
$758,300
Premium/Discount to List
$63,300
9.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$636,446
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 22, 2013
Sold by
Keating William T
Bought by
Ju Kumsum W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,750
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2010
Sold by
Keating William Thomas
Bought by
Keating William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2009
Sold by
Tla Investments
Bought by
Keating William Thomas

Purchase Details

Closed on
May 29, 2009
Sold by
Dela Torre Francisco
Bought by
Tla Investments Inc

Purchase Details

Closed on
Sep 15, 2005
Sold by
Dela Torre Angelica M
Bought by
Dela Torre Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 4, 2005
Sold by
Alpizar Cristina
Bought by
Dela Torre Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 24, 2003
Sold by
Hernandez Francisco and Hernandez Raquel
Bought by
Alpizar Cristina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Interest Rate
5.5%

Purchase Details

Closed on
Jun 18, 1999
Sold by
Hernandez Francisco and Hernandez Raquel
Bought by
Hernandez Francisco and Hernandez Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.86%

Purchase Details

Closed on
Apr 27, 1999
Sold by
Hernandez Francisco and Isfraelh Family Trust
Bought by
Hernandez Francisco and Hernandez Racquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.86%

Purchase Details

Closed on
Jul 25, 1996
Sold by
Hernandez Francisco and Hernandez Raquel
Bought by
Hernandez Francisco and Hernandez Raquel

Purchase Details

Closed on
Jun 24, 1996
Sold by
Hernandez Guillermo and Hernandez Abigail
Bought by
Hernandez Francisco and Hernandez Raquel

Purchase Details

Closed on
Sep 19, 1994
Sold by
Glendale Federal Bank Fsb
Bought by
Hernandez Francisco and Hernandez Raquel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
8.78%

Purchase Details

Closed on
Aug 1, 1994
Sold by
Verdugo Service Corp
Bought by
Glendale Federal Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
8.78%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lafrance Joycestine Yvonne -- None Available
Lafrance Jason M -- None Available
Lafrance Jason M $765,000 Fidelity National Title Co
Ju Kumsum W $585,000 Old Republic Title Company
Keating William T -- Lawyers Title Company
Keating William Thomas $450,000 Fidelity National Title Co
Tla Investments Inc $401,000 None Available
Dela Torre Francisco -- First American Title Company
Dela Torre Francisco $725,000 First American Title Company
Alpizar Cristina $470,000 Commonwealth Land Title
Hernandez Francisco -- --
Hernandez Francisco -- Stewart Title
Hernandez Francisco -- --
Hernandez Francisco -- --
Hernandez Francisco $220,000 Old Republic Title Company
Glendale Federal Bank Fsb $301,709 Southern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lafrance Jason M $675,000
Closed Lafrance Jason M $636,446
Previous Owner Ju Kumsum W $438,750
Previous Owner Keating William T $200,000
Previous Owner Dela Torre Francisco $560,000
Previous Owner Alpizar Cristina $352,500
Previous Owner Hernandez Francisco $195,000
Previous Owner Hernandez Francisco $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2015 04/28/15 Sold $758,300 +9.1% $268 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
11/04/2014 11/04/14 For Sale $695,000 -- $246 / Sq Ft
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 $11,290 $919,407 $480,737 $438,670
2024 $11,290 $901,380 $471,311 $430,069
2023 $11,079 $883,707 $462,070 $421,637
2022 $10,576 $866,380 $453,010 $413,370
2021 $10,436 $849,393 $444,128 $405,265
2020 $10,539 $840,685 $439,575 $401,110
2019 $10,129 $824,202 $430,956 $393,246
2018 $9,922 $808,042 $422,506 $385,536
2017 $9,709 $792,199 $414,222 $377,977
2016 $9,472 $776,666 $406,100 $370,566
2015 $7,412 $596,688 $407,992 $188,696
2014 $7,461 $585,000 $400,000 $185,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    RONALD KEREN

    THE REAL ESTATE CONSULTANTS

  • Spencer Brooks

    Buyer's Agent in 2015

    Spencer Brooks

    Realty Executives Westside

    (310) 995-1314

    2 in this area

    6 Total Sales

    Spencer Brooks
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV14236080

California Regional Multiple Listing Service (CRMLS)

APN: 4125-011-043

California Los Angeles County Los Angeles 90045 Westchester

9012 Ramsgate Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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