Listing date: 2025-01-03, Last update: 2025-01-07

$1,195,000 For Sale

8931 Ramsgate Avenue, Los Angeles, CA 90045

  • 4Beds
  • -Baths
  • 1,786
    sqft
  • 7,061
    sqft Lot
  • 4 Beds
  • Baths
  • 1,786 sqft
  • 7,061 sqft lot
Property Highlight
Year built
1950
Listed for
5 days
Price / Home Size
$669 / sqft
Parking
4
HOA
$0 / mo
A/C
-
Home Type
Other
View
    Description

We are pleased to present 8931 Ramsgate Ave, a VACANT duplex located on 7,063 SF of LAR3 Tier 3 TOC zoned land! With the existing duplex (both 2 bed + 1 bath) being 100% vacant, there are numerous exit strategies that include the following: 1) Build 16 units + 4 ADUs utilizing the current RTI plans, 2) Renovate the existing Duplex + build new ADUs, 3) Utilize ED1 to construct 100% affordable housing project, or 4) Multiple duplex style build yield 4-6 large units. Located in the heart of Westchester, tenants will have ease of access to the 405FWY, numerous employment opportunities, Loyola Marymount University, Venice Beach, Santa Monica, El Segundo, and LAX. Ownership has plans in place for a market rate 16-unit + 4 ADU development that can be included in a sale. As a 100% affordable ED1 development, there's potential for up to 36 units with no parking requirements and an affordable stick on grade type construction. As a value-add project, a new owner can perform renovations on the existing units, both 2 bed + 1 bath units, and add additional ADUs by converting the existing rear garage. Buyer shall complete their own due diligence to determine the development potential.

Listing Provided Agent
  • • Name: Casey Lins
  • • DRE: 01902650
  • • Email: Casey.Lins@kidder.com
  • • Phone: -
Listing Provided Office
  • • Name: Kidder Mathews of California, Inc.
  • • Email: -
  • • Phone: 858-369-3010
Source
  • • CRMLS #24395369crmls logo
Local Information
Home Details for 8931 Ramsgate Avenue
Interior
Features
Appliances
Bathrooms
  • 2 total bathrooms
Bedrooms
  • 4 total bedrooms
Living Area
  • 1,786 sqft
Exterior
Features
  • Home Type: Multifamily
  • New Construction: No
  • Levels: One
  • Stories: 1
Parking & Garage
  • # of Parking spaces: 4
  • Parking features: Garage
Lot
  • Size: 7,061 sqft
Details
  • Parcel Number: 4125012014
  • Special Condition: Standard
  • Property Condition: Zoning: LAR3
  • # of Total unit: 2
Utilities
Utilities
Community & HOA
Community
  • None
HOA
Property Financial History
DateEventPrice
01/05/2025Source: CRMLS #24395369
Off Market
-
01/03/2025Source: CRMLS #24395369
Back on Market
-
11/04/2024Source: CRMLS #24395369
Price Change
$ 1,195,000-11.5%
05/22/2024Source: CRMLS #24395369
Listed for Sale
$ 1,350,000
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