Listed By:
Benjamin J. Hsiang with Realty Investment Advisors, Inc.;
Address
9043 Ramsgate Avenue, Los Angeles, CA
Price
$ 1,250,000
Property Attributes
  • MLS#23271477
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaWestchester
  • Zip90045
  • Style
  • Price$ 1,250,000
  • Bedrooms4
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage2948
  • Lot Size6,878 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

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.

Price History
5/25/2023 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 6880.0
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 219
Standard Status Pending
Cap Rate 5.54
MobileHomeRemainsYN No

Interior Features

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

Parking Features Covered
Total Parking 4.0
Lot Size Area 6880.0
Number of Buildings 1
Spa No
Building Area Total 2948.0
Lot Size Acres 0.1579
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
194
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1949