8716 Ramsgate, Los Angeles, CA 90045
8716 Ramsgate, Los Angeles, CA 90045
8716 Ramsgate, Los Angeles, CA 90045
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$5,545,000
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0.31 Acres Lot
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8716 Ramsgate Los Angeles, CA 90045

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26164563

HOA Y/N No

Year Built 1951

Lot Size 0.312 Acres

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area C29 - Westchester

Interior

Fireplace No

Laundry See Remarks

Exterior

Parking Features None

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4125015018

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Alan Lu ALTC Realty 626-378-8007, DRE #01514595

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8716 Ramsgate

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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