This property presents an excellent development opportunity in a rapidly resurgent area of Westchester. Zoned LAR3 with TOC Tier 3, the asset offers significant potential in a growing submarket. There is also a unique opportunity to combine this listing with the adjacent property to the north, which is similar in size and also zoned LAR3 with TOC Tier 3. Future tenants will benefit from a prime location near LAX, Playa Vista, and Inglewood, with easy access to major employment hubs, retail, local transit, and the nearby Stadium and Arena. Drive by and see the recent activity in the area firsthand.
Multi-familyProperty Type
1949Year Built
7,026 sq ftLot Size
$769Price/Sq.Ft.
4 spacesParking
Listed by Patricia Crockett•DRE #01010547• CCR Properties, Inc.
Westchester Enriched Sciences Magnet Health/Sports Medicine
Public 9-12 • Assigned • 2.6mi
5/10
Provided by GreatSchools
About Arbor
Vitae
Arbor Vitae, located between La Brea Avenue and La Cienega Boulevard, is a residential and commercial Inglewood neighborhood with tree-lined blocks and low-slung midcentury apartments. The neighborhood’s character concentrates around the La Brea Avenue and Centinela Avenue corridor, where corner markets, taquerias, and small service storefronts set a steady, street-level rhythm. Housing mixes compact bungalows with duplexes and courtyard buildings, giving many streets a calm, lived-in feel. The nearby Kenneth Hahn State Recreation Area adds big-sky trails and picnic lawns to the local routine. The Baldwin Hills Scenic Overlook and the Stoneview Nature Center anchor the area’s outdoor culture. A short drive north, the Museum of Jurassic Technology adds an offbeat cultural counterpoint.
Provided by Walk Score and Local Logic
Offer insights
8903 Ramsgate Ave · $1,300,000
$1.3M and above
75% chance or better to win
Why $1.3M+ is a strong offer
DAYS ON MARKET
151 days
The average home goes pending in 68 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Residential income property (duplex)
One-level building
As-is condition disclosed
Bedrooms
Each unit: 2 bedrooms
Bathrooms
Each unit: 1 bathroom
Kitchen
Standard kitchen (details not provided)
Laundry & utility
Laundry/utility details not provided
Flooring
Flooring details not provided
Heating & cooling
Floor furnace heating
Wall heating
No cooling
Exterior features
Lot dimensions approximately 56 x 125
Lot area approximately 0.1613 acres
Zoned LAR3
No other detached structures listed
Home design
Duplex
Single story
Parking
Driveway parking
Total of 4 parking spaces (4 open spaces)
Security
Security details not provided
Construction
Construction details not provided
Year built not provided
Utilities
Utilities details not provided
HOA & community
No HOA details provided
Complex contains 2 units
Financial info
Gross income: $60,000
Gross operating income: $24,000
Net operating income: $45,600
Garage income: $500
Total annual expenses: $24,000
Projected rent per unit: $2,500
Gross rent multiplier: 23
Vacancy rate listed as 100%
Scheduled/Actual: Scheduled
Other
Property marketed for residential income use
Directions: South of Manchester, East of Aviation
Possession at close of escrow
Electricity and solar
View estimated energy costs and solar savings for this home
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,...