NOT LISTED FOR SALE

9043 Ramsgate Ave Los Angeles, CA 90045

Westchester Neighborhood

Estimated Value: $1,096,000 - $1,677,000

4 Beds
4 Baths
2,948 Sq Ft
$456/Sq Ft Est. Value

Sale Details

Date Sold: February 22, 2024

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

Est. 14% increase in value since last sale

Current estimated payment $8,625 / 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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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

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
May 24, 2023
Closed on
Feb 2, 2024
Sold by
Bought by
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
$1,345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,667
Avg. Annual Appreciation
5.30%

Purchase Details

Closed on
Aug 8, 2017
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
$1,147,500
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2004
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
$390,000
Interest Rate
4.33%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 13, 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
$245,000
Interest Rate
7.64%

Purchase Details

Closed on
Aug 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 13, 1994
Sold by
Bought by
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

  • David Sevanian Real Estate Agent - Keller Williams VIP Properties

    David Sevanian

    Responds Quickly

    Keller Williams VIP Properties

    (661) 430-5099

    70 Total Sales

    1 in Westchester

    $1,275,000 Price

    David Sevanian
     Section Image
  • Ken Sisson Real Estate Agent - Christie's International Real Estate SoCal

    Ken Sisson

    Responds Quickly

    Christie's International Real Estate SoCal

    (424) 373-6518

    32 Total Sales

    1 in Westchester

    $695,000 Price

    Ken Sisson
     Section Image
  • Charles Chamorro Real Estate Agent - Che Hill

    Charles Chamorro

    Che Hill

    (562) 685-8867

    75 Total Sales

    1 in Westchester

    $1,299,000 Price

    Charles Chamorro
     Section Image
  • Joshua Glaz Real Estate Agent - The Ave

    Joshua Glaz

    The Ave

    (657) 325-8448

    256 Total Sales

    1 in Westchester

    $1,865,000 Price

    Joshua Glaz
     Section Image

  • JA

    Jesse Alvarado

    Premier Wholesale Mortgage

    (213) 340-1195

    20 Total Sales

    1 in Westchester

    $635,000 Price

    Jesse Alvarado
     Section Image
  • Nikolai Medvedev Real Estate Agent - Berkshire Hathaway HomeServices California Properties

    Nikolai Medvedev

    Berkshire Hathaway HomeServices California Properties

    (213) 652-6289

    19 Total Sales

    1 in Westchester

    $999,000 Price

    Nikolai Medvedev
     Section Image
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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
$3,550,000 Old Republic Title Company
$1,350,000 Commonwealth Land Title Co
-- Lawyers Title
-- Lawyers Title
-- Lawyers Title Company
-- --
$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
Open $31,350,000
Previous Owner $6,425,000
Previous Owner $6,425,000
Previous Owner $19,990,000
Previous Owner $420,000
Previous Owner $13,000,000
Previous Owner $1,147,500
Previous Owner $390,000
Previous Owner $245,000
Previous Owner $217,000
Previous Owner $187,000
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
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

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 $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 Real Estate Agent - Realty Investment Advisors, Inc.

    Seller's Agent in 2024

    Benjamin Hsiang

    Realty Investment Advisors, Inc.

    (424) 377-6001

    11 in this area

    75 Total Sales

    Benjamin Hsiang
    Section Image
  • Don Favia Real Estate Agent - Realty Investment Advisors, Inc.

    Seller Co-Listing Agent in 2024

    Don Favia

    Realty Investment Advisors, Inc.

    (424) 377-6007

    11 in this area

    27 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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