8716 Ramsgate, Los Angeles, CA 90045
8716 Ramsgate, Los Angeles, CA 90045
8716 Ramsgate, Los Angeles, CA 90045
11
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$5,545,000
Est. payment /mo
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5 Beds
3 Baths
0.31 Acres Lot
New

8716 Ramsgate Los Angeles, CA 90045

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Jesse Ibanez

Jesse Ibanez

+1(858) 337-2796

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26164563

Bedrooms 5

Lot Size 0.312 Acres

Property Sub-Type Res Income 2-4 Units

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 systemincluding 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

Zoning Assessor

Direction Cross St Manchester Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4125015018

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

MLS Router / San Diego MLS
Listed by Alan Lu, DRE#01514595 ALTC Realty 

NEARBY SCHOOL & BUSINESS

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Jesse Ibanez

Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

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8716 Ramsgate

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