8716 Ramsgate,Los Angeles, CA 90045
Los Angeles, CA 90045
Description
Set along a quiet, tree-lined residential street in Westchester, 8716 & 8722 Ramsgate Avenue represents an extraordinary Westside investment opportunity: a turnkey, 12-unit multi-family portfolio delivering a true 7.33% cap rate and a 9.95x GRM on current in-place income. Positioned across a double lot on two adjacent parcels, the property underwent an expansive, top-to-bottom redevelopment finished in Summer of 2025, which included the ground-up construction of four brand-new units. The extensive scope of work leaves zero deferred maintenance, replacing or modernizing every primary building system-including plumbing, main sewer, electrical, HVAC, dual-pane windows, lighting, flooring, bathrooms and kitchen. Outside, the grounds feature refreshed stucco and paint, updated stairways and railings, new paver hardscaping, and professionally curated drought-tolerant landscaping. Inside, the optimized layout includes eight 2-bedroom and four 3-bedroom residences, each detailed with clean modern finishes and in-unit washers and dryers. Delivering immediate, durable cash flow without construction risk or lease-up exposure, this property stands out as a pristine, low-overhead Westside holding.
Details
| MLS # | AR26164563 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 78 |
| Listing Provided By | ALTC Realty | Alan Lu |
Features
| SQ Feet | 10,500 |
|---|---|
| Story(s) | 2 |
| Units | 12 |
| Building(s) | 4 |
| Acreage | 0.31 |
Exterior
| Lot Features | Eleven To Fifteen Units Acre |
|---|
Parking
| Parking Features | None |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90045 |
| Area | C29 Westchester |
| Listing VS Median (in 90045) | |
Price: $5,545,000 low | high Med: $1,550,000 sqft: 10,500 low | high Med: 2,416 $ / sqft: $528 low | high Med: $642 On site: 78 low | high Med: 56 | |
Market Activity 90045
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90045 |
| Area | C29 Westchester |
| Listing VS Median (in 90045) | |
Price: $5,545,000 low | high Med: $1,550,000 sqft: 10,500 low | high Med: 2,416 $ / sqft: $528 low | high Med: $642 On site: 78 low | high Med: 56 | |