Price cut
$5,545,000
28 bd · 16 ba · · 13,599 sqft lot
8716 Ramsgate Ave, Los Angeles, CA 90045
Multi-family · Built 1951 ·
$33,961/mo est. payment
- Stories
- 2
Flood factor 1/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 28
Bathrooms
- Total Bathrooms: 16
- Full Bathrooms: 16
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: 11-15 Units/Acre
- Lot Size Acres: 0.3122
- Lot Size Source: Assessor
- Lot Size Square Feet: 13600
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 4
- Number of Units: 12
- Bedrooms in Unit-1: 3
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-1: 2
- Full Bathrooms in Unit-2: 1
Rental Info
- Gross Income: 540329
- Gross Scheduled Income: 557040
- Number of Units Leased: 12
- Rent Control: Yes
Amenities and Community Features
- Community Features: Urban
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Source Property Type: Residential Income
- Insurance Expense: 8439
- Area: C29 - Westchester
- Source Neighborhood: C29 - Westchester
- Number of Separate Electric Meters: 12
- Number of Separate Gas Meters: 12
Schools
- 5
Westport Heights Elementary School
elementary · K-5 · 0.7 mi
- 2
Orville Wright Engineering And Design Magnet
middle · 6-8 · 1.4 mi
- 5
Westchester Enriched Sciences Magnet Health/Sports Medicine
high · 9-12 · 2.6 mi
Carousel - Airport Blvd
elementary · K-1 · 0.4 mi
Carousel School
elementary · K-12 · 0.5 mi
Sterling West - Los Angeles Campus
middle · 6-12 · 0.5 mi
Price history
- Jul 28, 2026 · Listed$5,545,000
- Apr 10, 2026 · Listing Removed—
- Jan 17, 2026 · Listed$5,545,000
- Jul 28, 2023 · Sold$1,400,000
- Sep 8, 2017 · Sold$1,315,000
- Feb 25, 2017 · Listing Removed$1,150,000
- Jan 11, 2017 · Relisted$1,150,000
- Dec 30, 2016 · Listing Removed$1,150,000
Tax history
- 2025$17,491 tax · $1,456,560 assessed
- 2024$17,281 tax · $1,428,000 assessed
- 2023$17,738 tax · $1,438,142 assessed
- 2022$16,920 tax · $1,409,944 assessed
- 2021$16,704 tax · $1,382,299 assessed
- 2020$16,874 tax · $1,368,126 assessed
- 2019$16,206 tax · $1,341,300 assessed
- 2018$16,092 tax · $1,315,000 assessed
Where it is
Listed by Alan Lu · Altc Realty · CRMLS
