Address
9037 Ramsgate Avenue, Los Angeles, CA
Price
$ 1,250,000
Property Attributes
- MLS#23271079
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaWestchester
- Zip90045
- Style
- Price$ 1,250,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2948
- Lot Size6,991 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description
We are excited to present a promising investment opportunity in the heart of Westchester. This fully vacant fourplex, comprising four spacious one-bedroom one bath units, offers a substantial value-add proposition for both investors and owner-users. Potential for ADU development, subject to state and local laws, and the chance to rent units at market rates post-Ellis Expiration on November 3, 2023, are key features of this property. Nestled in Westchester, a neighborhood witnessing rapid growth and revitalization, this property enjoys a strategic location near major employment centers, top educational institutions, and leisure hotspots. This blend of location and opportunity makes this property a must-consider for those aiming to capitalize on the area's robust rental demand.
| Price History | |
|---|---|
| 6/2/2023 | Listed $1,300,000 |
| 8/8/2023 | 4% - $1,250,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Association Y/N | No |
| Attached Garage | No |
| Cap Rate | 5.54 |
| Carport Y/N | No |
| City | Los Angeles |
| Cooling | None |
| County | Los Angeles |
| Days on Market | 178 |
| Directions | West on W. Manchester Ave, South on Ramsgate Ave |
| Garage Y/N | No |
| Gross Income | 99600.0 |
| Heating | None |
| Home Warranty Y/N | No |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Levels | Two |
| Lot Size Square Feet | 6992.0 |
| MLS Area | C29 - Westchester |
| Mobilehomeremainsyn | No |
| Net Operating Income | 69221.0 |
| New Construction | No |
| Private Pool | No |
| Property Attached Y/N | No |
| Property Type | ResidentialIncome |
| Rent Control Y/N | No |
| Senior Community Y/N | No |
| Special Listing Conditions | Standard |
| Standard Status | Active |
| Status | Active |
| Stories | 2 |
| Street Name | Ramsgate |
| Total Units | 4 |
| View Y/N | No |
| Waterfront Y/N | No |
| Year Built | 1949 |
| Zoning | LAR3 |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Basement (Y/N) | No |
| Electric On Property Y/N | No |
| Fireplace Y/N | No |
| Heating Y/N | No |
| Street Suffix | Avenue |
| Total Baths | 4 |
| Total Bedrooms | 4 |
| Total Stories | 2 |
Exterior Features
| Living Area | 2948.0 |
|---|---|
| Building Area Total | 2948.0 |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Size Acres | 0.1605 |
| Lot Size Area | 6992.0 |
| Lot Size Units | SquareFeet |
| Number of Buildings | 1 |
| Open Parking Y/N | No |
| Spa | No |
| Total Parking | 4.0 |
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 Income Average in 90045
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of November 28, 2023 5:12 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
© 2023 Fresno Association of REALTORS ®. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Success are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent.
All data, including all measurements and calculations of area, is obtained
Tulare County Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
