Listed By:
Benjamin J. Hsiang with Realty Investment Advisors, Inc.;
Address
9037 Ramsgate Avenue, Los Angeles, CA
Price
$ 1,250,000
Property Attributes
  • MLS#23271079
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaWestchester
  • Zip90045
  • Style
  • Price$ 1,250,000
  • Bedrooms4
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage2948
  • Lot Size6,991 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

We are excited to present a promising investment opportunity in the heart of Westchester. This fully vacant fourplex, comprising four spacious one-bedroom one bath units, offers a substantial value-add proposition for both investors and owner-users. Potential for ADU development, subject to state and local laws, and the chance to rent units at market rates post-Ellis Expiration on November 3, 2023, are key features of this property. Nestled in Westchester, a neighborhood witnessing rapid growth and revitalization, this property enjoys a strategic location near major employment centers, top educational institutions, and leisure hotspots. This blend of location and opportunity makes this property a must-consider for those aiming to capitalize on the area's robust rental demand.

Price History
6/2/2023 Listed $1,300,000
8/8/2023 4% - $1,250,000

General Features

Heating None
Cooling None
Zoning LAR3
Year Built 1949
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 6992.0
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 210
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
Total Baths 4

Exterior Features

Total Parking 4.0
Lot Size Area 6992.0
Number of Buildings 1
Spa No
Building Area Total 2948.0
Lot Size Acres 0.1605
Lot Size Units SquareFeet
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
199
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1949