Listed By:
Benjamin J. Hsiang with Realty Investment Advisors, Inc.;
Address
9033 Ramsgate Avenue, Los Angeles, CA
Price
$ 1,250,000
Property Attributes
  • MLS#23260199
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaWestchester
  • Zip90045
  • Style
  • Price$ 1,250,000
  • Bedrooms4
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage2948
  • Lot Size6,987 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

We are delighted to showcase a prime value-add opportunity in the thriving Westchester region. This fully vacant fourplex, featuring four sizable one-bedroom one bath units, is a canvas ready for investors and owner-users to make their mark. The potential to add ADUs, subject to state and local laws, and the opportunity to rent at market rates post-Ellis Expiration on November 3, 2023, enhances the appeal of this investment. The prime Westchester location, renowned for its in-demand housing, proximity to LAX, major employers, and a variety of local shops and restaurants, adds to the property's allure. This is a unique chance to contribute to the economic growth and housing revitalization in one of Los Angeles' most sought-after neighborhoods.

Price History
4/18/2023 Listed $4,200,000
5/18/2023 70% - $1,300,000
8/8/2023 4% - $1,250,000

General Features

Heating None
Cooling None
Zoning LAR3
Year Built 1950
Stories 2
Levels Two
Gross Income 99600.0
County Los Angeles
Net Operating Income 69221.0
New Construction No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Pending
Directions West on W. Manchester Ave,South on Ramsgate Ave
City Los Angeles
View Y/N No
Senior Community Y/N No
Total Units 4
MLS Area C29 - Westchester
Lot Size Square Feet 6985.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Ramsgate
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 256
Standard Status Pending
Cap Rate 5.54
MobileHomeRemainsYN No

Interior Features

Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Avenue
Total Bedrooms 4
Electric On Property Y/N No
LivingAreaSource Other
Total Baths 4

Exterior Features

Total Parking 4.0
Lot Size Area 6985.0
Number of Buildings 1
Spa No
Building Area Total 2948.0
Lot Size Acres 0.1604
Lot Size Units SquareFeet
Lot Size Source Other
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90045

Price
AVG $1.41M
$1.25M
Visits
AVG 136
301
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1950