REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,545,000
Est. payment /mo
New
8716 Ramsgate Los Angeles, CA 90045
0.31 Acres Lot
UPDATED:
Key Details
Property Type Apartment
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
Listed by Alan Lu ALTC Realty 626-378-8007, DRE #01514595
NEARBY SCHOOL & BUSINESS