OFF MARKET

Off market jul 2023 for $1.4M

—

Est. refi paymentEst. refi $9,602/mo

•

4 ba

•

3,260

sq ft

8722 Ramsgate Ave, Los Angeles, CA 90045

About this home

We are pleased to offer an attractive investment opportunity in the bustling neighborhood of Westchester. This fully vacant fourplex, comprising four spacious two-bedroom one bath units, is ripe for transformation. Value-add investors and owner-users alike have a unique chance to build significant property value. The potential to add ADUs, subject to state and local laws, alongside the ability to rent units at market rates post-Ellis Expiration on November 3, 2023, amplifies this property's investment potential. Located in the vibrant Westchester neighborhood, surrounded by economic hubs like Google, Northrop Grumman, and Boeing, and in proximity to the renowned Loyola Marymount University, this property is perfectly positioned to attract a diverse and affluent tenant base.

Multi-familyProperty Type

1951Year Built

6,822 sq ftLot Size

$429Price/Sq.Ft.

4 spacesParking

Listed by Benjamin J. Hsiang •DRE #01438644 • Realty Investment Advisors, Inc.

•818-517-0845 (agent)

•bhsiang@riacre.com (agent)

Listed by Don Favia •DRE #01841258 • Realty Investment Advisors, Inc.

•818-632-4660 (agent)

•dfavia@riacre.com (agent)

Bought with Hubert Chen •DRE #02006134 • Mr MGM Inc.

Redfin checked: a minute ago

•Source:TheMLS #23-271071

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in Arbor Vitae, CA

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

Median sale price

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Provided by Redfin

Sale history for 8722 Ramsgate Ave

Date

Event

Price

Public Records

Jul 28, 2023

Sold

$2,800,000

$859/sq ft

TheMLS #23-271071

Jul 28, 2023

Sold

$1,400,000

$429/sq ft

Jul 16, 2023

Pending

—

Jun 2, 2023

Listed

$1,400,000

$429/sq ft

Public Records

Sep 8, 2017

Sold

$1,300,000

$399/sq ft

CRMLS #FR2066168

Jun 19, 2007

Listing Removed

—

Dec 18, 2006

Listed

$925,000

$284/sq ft

Public Records

Aug 9, 1996

Sold

$190,000

$58/sq ft

CRMLS #S116530

Jun 1, 1996

Listing Removed

—

Feb 22, 1996

Listed

$199,000

$61/sq ft

Public Records

Dec 9, 1988

Sold

$395,000

$121/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$17,474 (+1.1%)

$1,144,440 + $312,120

$1,456,560

2024

$17,277 (−1.5%)

$1,122,000 + $306,000

$1,428,000

2023

$17,537 (+4.8%)

$1,100,000 + $300,000

$1,400,000

2022

$16,728 (+1.3%)

$1,093,645 + $328,093

$1,421,738

2021

$16,514 (−1.0%)

$1,072,201 + $321,660

$1,393,861

2020

$16,683 (+4.1%)

$1,051,178 + $315,353

$1,366,531

2019

$16,022 (+0.7%)

$1,040,400 + $312,120

$1,352,520

2018

$15,913 (+348.8%)

$1,020,000 + $306,000

$1,326,000

2017

$3,546 (+3.3%)

$148,746 + $117,873

$266,619

2016

$3,431 (+1.4%)

$148,746 + $117,873

$266,619

2015

$3,385 (−1.1%)

$145,830 + $115,562

$261,392

2014

$3,424 (−1.2%)

$140,827 + $111,598

$252,425

2012

$3,464 (+2.7%)

$140,191 + $111,094

$251,285

2011

$3,374 (−1.2%)

$137,443 + $108,916

$246,359

2010

$3,414 (+3.8%)

$134,749 + $106,781

$241,530

2009

$3,288 (+4.1%)

$133,742 + $105,983

$239,725

2008

$3,158

$134,060 + $106,235

$240,295

Tax history for 8722 Ramsgate Ave

Year

Property tax

Land + Additions

Assessment*

2025

$17,474 (+1.1%)

$1,144,440 + $312,120

$1,456,560

2024

$17,277 (−1.5%)

$1,122,000 + $306,000

$1,428,000

2023

$17,537 (+4.8%)

$1,100,000 + $300,000

$1,400,000

2022

$16,728 (+1.3%)

$1,093,645 + $328,093

$1,421,738

2021

$16,514 (−1.0%)

$1,072,201 + $321,660

$1,393,861

2020

$16,683 (+4.1%)

$1,051,178 + $315,353

$1,366,531

2019

$16,022 (+0.7%)

$1,040,400 + $312,120

$1,352,520

2018

$15,913 (+348.8%)

$1,020,000 + $306,000

$1,326,000

2017

$3,546 (+3.3%)

$148,746 + $117,873

$266,619

2016

$3,431 (+1.4%)

$148,746 + $117,873

$266,619

2015

$3,385 (−1.1%)

$145,830 + $115,562

$261,392

2014

$3,424 (−1.2%)

$140,827 + $111,598

$252,425

2012

$3,464 (+2.7%)

$140,191 + $111,094

$251,285

2011

$3,374 (−1.2%)

$137,443 + $108,916

$246,359

2010

$3,414 (+3.8%)

$134,749 + $106,781

$241,530

2009

$3,288 (+4.1%)

$133,742 + $105,983

$239,725

2008

$3,158

$134,060 + $106,235

$240,295

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

6,824 Sq. Ft.

Year renovated

1951

Sq. Ft.

3,260

Year built

1951

Style

Multi-Family (2-4 Unit)

County

Los Angeles County

APN

4125015017

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 6, 2026.

Aug 21, 2023 • Active

Electrical

Install a temporary electrical power pole.

Electrical

Jan 27, 2011 • Final

Bldg-alter/repair

Repair and replace existing stairs according to the engineer's design.

Remodel

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Garage
Other

Parking
# of Parking Spaces (Total): 4

Interior

Heating & Cooling
No Cooling
No Heat

Multi-Unit Income
Gross Income: 123600
Gross Operating Income: $119,892
Net Operating Income: $89,267

Multi-Unit Expenses
Total Annual Expense: $30,625

Multi-Unit Other Financial Information
Cap Rate: 6.38
Gross Rent Multiplier: 11.33
Vacancy Rate: 100
Vacancy Allow %: 3
Scheduled Actual: Scheduled

Multi-Unit Information
Unit Type Type: 1
Type Of Units: Apartments
# of Buildings: 1

Unit 1 Information
# of Beds: 2
# of Baths: 1.00
Rent: $2,575
Projected Rent: $10,300
# of Units: 4

Exterior

Property Information
Property Type: Residential Income

Land Information
Other Structures: Other

Lot Information
Lot Size (Sq. Ft.): 6,822
Lot Size (Acres): 0.1566
Zoning: LAR3

Financial

Assessment Information
Assessed Total Value: $1,393,861
Assessed Land Value: $1,072,201
Assessed Land %: 76.92
Assessed Improvement Value: $321,660
Assessed Improvement %: 23.08
Assessor Parcel Number: 4125-015-017

Location

Community Information
# of Units in Complex (Total): 4

Location Information
Directions: West on W. Manchester Ave, South on Ramsgate Ave

Public facts

Beds: 8
Baths: 4.0
Sq. Ft.: 3,260
Stories: —
Lot Size: 6,824 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1951
Year Renovated: 1951
County: Los Angeles County
APN: 4125015017

Home facts updated by county records on Oct 6, 2026

Other

Documents & Disclosures
Disclosures: None

Around this home

Schools

Westport Heights Elementary School

Public K-5 • Assigned • 0.7mi

5/10

Orville Wright Engineering And Design Magnet

Public 6-8 • Assigned • 1.4mi

2/10

Westchester Enriched Sciences Magnet Health/Sports Medicine

Public 9-12 • Assigned • 2.7mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The LA market is rewarding realistic pricing and good strategy. Buyers have more choices and are taking their time, while sellers who price correctly are still getting results. The days of simply “testing the market” are behind us—in this market,...
4 weeks ago • Los Angeles
Peter Santos
Redfin Premier agent
85 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 85° expected this year, 20 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

4/10 Air Factor

6 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Los Angeles, CA • 90045

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 6.7 hours in December, placing it above the U.S. average for solar exposure.

9.2 hrs

6.7 hrs

JuneDecember

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Home values near 8722 Ramsgate Ave

Data from public records.

Address	Redfin Estimate
8721 Ramsgate Avenue, Los Angeles, CA 16 Beds \| 16 Baths \| 2636 Sq. Ft.	—
8737 Ramsgate Avenue, Los Angeles, CA 8 Beds \| 4 Baths \| 3260 Sq. Ft.	$1,359,190

Address	Redfin Estimate
8725 Ramsgate Avenue, Los Angeles, CA 5 Beds \| 3 Baths \| 2762 Sq. Ft.	$1,222,694
8715 Ramsgate Avenue, Los Angeles, CA 16 Beds \| 16 Baths \| 6464 Sq. Ft.	—

Address	Redfin Estimate
8733 Ramsgate Avenue, Los Angeles, CA 15 Beds \| 14 Baths \| 1560 Sq. Ft.	—
8800 Ramsgate Avenue #301, Los Angeles, CA 6 Beds \| 3 Baths \| 2316 Sq. Ft.	$926,032

Property information provided by TheMLS when last listed in 2023. This data may not match . Learn more.

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