NOT LISTED FOR SALE

9043 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,119,000 - $1,773,000

4 Beds
4 Baths
2,948 Sq Ft
$473/Sq Ft Est. Value

Sale Details

Date Sold: February 22, 2024

Last sale price $1,183,333 $401 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $8,771 / mo

219 Days on Market

About This Home

As of February 2024

We are proud to present an exciting investment prospect in Westchester, a neighborhood known for its rapid growth and revitalization. This fully vacant fourplex, housing four spacious one-bedroom one bath units, provides an excellent platform for value-add investors and owner-users to leave their imprint on the neighborhood. The potential for ADU additions, subject to state and local laws, and the ability to rent at market rates post-Ellis Expiration on November 3, 2023, are compelling features of this opportunity. The property is located in a thriving area that enjoys proximity to significant employers, diverse dining and shopping options, and popular recreational spots, making it a magnet for potential tenants seeking a vibrant and balanced lifestyle.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 05/24/2023

Co-Listed By

Don Favia

Realty Investment Advisors, Inc. License #01841258

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 05/24/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 6,880 Sq Ft Lot

Interior Spaces

  • 2,948 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Covered Parking

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4125-011-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

6,880 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2948
  • Lot Acreage: 0.1579
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 424.02

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 482490
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 964981
  • Total Assessed Value: 1447471
  • Assessor Parcel Number: 4125-011-012
  • Lot Size Area: 6880

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.55
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Feb 2, 2024
Sold by
9033 Ramsgate Llc and 9043 Ramsgate Llc
Bought by
9033 Ramsgate Lp
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
List Price
$1,250,000
Sold Price
$1,183,333
Premium/Discount to List
-$66,667
-5.33%
Views
197
Current Estimated Value
$1,393,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,667
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Aug 8, 2017
Sold by
Powell Howard F and Powell Delanie C
Bought by
9043 Ramsgate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,147,500
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2004
Sold by
Powell Howard F and Powell Delanie C
Bought by
Powell Howard F and Powell Delanie C

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
Sep 13, 2001
Sold by
Powell Howard F and Powell Delanie C
Bought by
Powell Howard F and Powell Delanie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
7.64%

Purchase Details

Closed on
Aug 10, 1999
Sold by
Powell Howard and Powell Delanie
Bought by
Powell Howard F and Powell Delanie C

Purchase Details

Closed on
Dec 13, 1994
Sold by
Shah Niraj and Nguyen Chau
Bought by
Powell Howard and Powell Delanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.05%
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
9033 Ramsgate Lp $3,550,000 Old Republic Title Company
9043 Ramsgate Llc $1,350,000 Commonwealth Land Title Co
Powell Howard F -- Lawyers Title
Powell Howard F -- Lawyers Title
Powell Howard F -- Lawyers Title Company
Powell Howard F -- --
Powell Howard $230,000 Continental Lawyers 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 9043 Ramsgate Llc $1,147,500
Previous Owner Powell Howard F $390,000
Previous Owner Powell Howard F $245,000
Previous Owner Powell Howard $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2024 02/22/24 Sold $1,183,333 -5.3% $401 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
11/27/2023 11/27/23 For Sale $1,250,000 0.0% $424 / Sq Ft
10/17/2023 10/17/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $1,250,000 0.0% $424 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
08/08/2023 08/08/23 Price Changed $1,250,000 -3.8% $424 / Sq Ft
05/24/2023 05/24/23 For Sale $1,300,000 -- $441 / 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 $14,781 $1,207,000 $1,207,000 --
2024 $18,516 $1,505,946 $1,003,965 $501,981
2023 $18,161 $1,476,419 $984,280 $492,139
2022 $17,321 $1,447,471 $964,981 $482,490
2021 $17,103 $1,419,090 $946,060 $473,030
2019 $16,592 $1,377,000 $918,000 $459,000
2018 $16,495 $1,350,000 $900,000 $450,000
2016 $4,193 $326,329 $180,190 $146,139
2015 $4,136 $321,428 $177,484 $143,944
2014 $4,177 $315,133 $174,008 $141,125
Source: Public Records

Agents Affiliated with this Home

  • Benjamin Hsiang

    Seller's Agent in 2024

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 338-9523

    11 in this area

    77 Total Sales

    Benjamin Hsiang
    Section Image
  • Don Favia

    Seller Co-Listing Agent in 2024

    Don Favia

    Realty Investment Advisors, Inc.

    (424) 377-6007

    11 in this area

    29 Total Sales

    Don Favia
    Section Image
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Map

Source: The MLS

MLS Number: 23-271477

The MLS

APN: 4125-011-012

California Los Angeles County Los Angeles 90045 Westchester

9043 Ramsgate Ave, Los Angeles, CA

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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