NOT LISTED FOR SALE

9020 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,117,000 - $1,418,000

6 Beds
4 Baths
2,975 Sq Ft
$436/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $1,185,000 $398 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $8,143/month

40 Days on Market

Highlights

  • Wood Flooring
  • Lawn
  • Open Patio
  • Attic
  • Double Pane Windows
  • 1-Story Property

About This Home

As of June 2021

A Westchester Fourplex nestled in multi-family residential area, with So-Fi Stadium & Entertainment Complex in Inglewood to the East and the Beach & Playa Vista to the West. It is close to LAX + has easy access to 405 FWY and the new Westchester/Veteran Metro Rail Station under construction. Great Opportunity for Developers, Investors & Owner Users (financing for Owner User is easier due to 4 units lenders are more lenient). The building consists of single level units with individual front and back entrances. Tenants pay for gas & electric - each unit has its own meter. The 2 bedroom units are situated at each end and the 1 bedroom units are in the middle. There are garages with easy access from a short alley. Amenities include dual pane windows, yard, patio. Alley access is wonderful if the buyer is considering developing the property, since it may allow for extra units. TOC (Transit Oriented Communities Affordable Housing Incentive Program) Tier 3, may allow for more units to be built - buyers to verify all information. Showings after accepted offer only and completed Covid-19 PEAD (Property Entry Advisory & Declaration) Form. The tenant at 9022 Ramsgate (1 BR) after 10 years of residency has moved 5/10/21 - great for buyers looking to owner occupy! or re-rent at market rent - buyers to investigate.

Last Agent to Sell the Property

Prabhavati Bharadwa Mina

Power Brokers License #00845317 Listed on: 04/05/2021

Last Buyer's Agent

Ryan Morehead

B2RE Realty License #01374532

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,003 Sq Ft Lot
  • South Facing Home
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Plaster

Interior Spaces

  • 2,975 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Laundry in Kitchen
  • Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Open Patio

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • The owner pays for gardener, water
  • Assessor Parcel Number 4125-011-041

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

7,003 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Entry Location: Living Room
  • Living Area: 2975
  • Lot Acreage: 0.1608
  • Probate: No
  • Year Built: 1950
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Carpet, Hardwood, Mixed
  • Bedrooms: 6
  • Common Walls: Attached
  • Laundry: In Kitchen
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 428.57
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Construction: Plaster
  • Other Structures: None
  • Foundation Details: Raised
  • Patio: Patio Open
  • Paved: Yes
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 1
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Sewer: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 25.29
  • Assessed Improvement Value: 64027
  • Assessed Land Percent: 74.71
  • Assessed Land Value: 189123
  • Total Assessed Value: 253150
  • Assessor Parcel Number: 4125-011-041
  • Lot Description: Front Yard, Lawn, Single Lot, Yard
  • Lot Location: Alley Access
  • Lot Size Area: 7003

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Cable TV

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.35
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Low Density

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 1, 2021
Sold by
Bharadwa Prabhavati
Bought by
Namus Zokhrabov And Olga V Zokhrabova 2016 Tr and Zokhrabov
Seller's Agent
Prabhavati Bharadwa Mina
Power Brokers
Buyer's Agent
Ryan Morehead
B2RE Realty
List Price
$1,275,000
Sold Price
$1,185,000
Premium/Discount to List
-$90,000
-7.06%
Current Estimated Value
$1,298,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,133
Avg. Annual Appreciation
1.93%
Original Mortgage
$862,500
Outstanding Balance
$772,331
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$525,802

Purchase Details

Closed on
Dec 11, 2012
Sold by
Bharadwa Rajnikant and Bharadwa Prabhavati
Bought by
Bharadwa Rajnikant and Bharadwa Prabhavati

Purchase Details

Closed on
Oct 11, 2011
Sold by
Bharadwa Rajnikant and Bharadwa Prabhavati
Bought by
Bharadwa Rajnikant and Bharadwa Prabhavati

Purchase Details

Closed on
Dec 27, 2005
Sold by
Bharadwa Rajnikant and Bharadwa Prabhavati
Bought by
Bharadwa Rajnikant and Bharadwa Prabhavati

Purchase Details

Closed on
Apr 24, 2003
Sold by
Bharadwa Rajnikant and Bharadwa Prabhavati
Bought by
Bharadwa Rajnikant and Bharadwa Prabhavati

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.71%

Purchase Details

Closed on
Feb 19, 1997
Sold by
Glendale Federal Bank Fsb
Bought by
Bharadwa Rajnikant and Bharadwa Prabhavati

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.56%

Purchase Details

Closed on
Dec 30, 1996
Sold by
Dharmasuriya Jay and The Jay Dharmasuriya Living Tr
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
$153,000
Interest Rate
7.56%

Purchase Details

Closed on
Jul 5, 1996
Sold by
Epp Richard
Bought by
Huber Scott

Purchase Details

Closed on
Oct 22, 1993
Sold by
First Independent Trust Deed Services
Bought by
Epp Richard
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
Namus Zokhrabov And Olga V Zokhrabova 2016 Tr $1,185,000 Priority Title
Bharadwa Rajnikant -- None Available
Bharadwa Rajnikant -- Accommodation
Bharadwa Rajnikant -- None Available
Bharadwa Rajnikant -- Fidelity National Title Co
Bharadwa Rajnikant $170,000 Continental Lawyers Title Co
Glendale Federal Bank Fsb $258,866 First American Title Ins Co
Huber Scott -- --
Epp Richard $51,851 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Namus Zokhrabov And Olga V Zokhrabova 2016 Tr $862,500
Previous Owner Bharadwa Rajnikant $320,000
Previous Owner Bharadwa Rajnikant $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2021 06/15/21 Sold $1,185,000 -7.1% $398 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $1,275,000 -- $429 / Sq Ft
Source: The MLS

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 $15,778 $1,282,681 $1,120,317 $162,364
2024 $15,582 $1,257,531 $1,098,350 $159,181
2023 $15,286 $1,232,874 $1,076,814 $156,060
2022 $14,584 $1,208,700 $1,055,700 $153,000
2021 $3,477 $255,772 $191,082 $64,690
2020 $3,505 $253,570 $189,123 $64,447
2019 $3,382 $248,607 $185,415 $63,192
2018 $3,265 $243,742 $181,780 $61,962
2016 $3,098 $233,875 $174,722 $59,153
2015 $3,056 $230,363 $172,098 $58,265
2014 $3,096 $225,851 $168,727 $57,124
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Prabhavati Bharadwa Mina

    Power Brokers

    (310) 642-7653

    1 in this area

    7 Total Sales

    Prabhavati Bharadwa Mina
    Section Image

  • R

    Buyer's Agent in 2021

    Ryan Morehead

    B2RE Realty

    Section Image
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Map

Source: The MLS

MLS Number: 21-712836

The MLS

APN: 4125-011-041

California Los Angeles County Los Angeles 90045 Westchester

9020 Ramsgate Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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