We are delighted to showcase a prime value-add opportunity in the thriving Westchester region. This fully vacant fourplex, featuring four sizable one-bedroom one bath units, is a canvas ready for investors and owner-users to make their mark. The potential to add ADUs, subject to state and local laws, and the opportunity to rent at market rates post-Ellis Expiration on November 3, 2023, enhances the appeal of this investment. The prime Westchester location, renowned for its in-demand housing, proximity to LAX, major employers, and a variety of local shops and restaurants, adds to the property's allure. This is a unique chance to contribute to the economic growth and housing revitalization in one of Los Angeles' most sought-after neighborhoods.
Multi-familyProperty Type
1950Year Built
6,985 sq ftLot Size
$442Est. Price/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 Benjamin J. Hsiang•DRE #01438644• Realty Investment Advisors, Inc.
Bought with Don Favia•DRE #01841258• Realty Investment Advisors, Inc.
*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
4
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
6,987 Sq. Ft.
Year renovated
1950
Sq. Ft.
2,948
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
4125011053
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 8, 2026.
Mar 11, 2026 • Active
Electrical
Electrical
Generator
Feb 25, 2026 • Active
Elevator
Install new cabled elevators.
Electrical
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: 99600
Gross Operating Income: $96,612
Net Operating Income: $69,221
Multi-Unit Expenses
Total Annual Expense: $27,391
Multi-Unit Other Financial Information
Cap Rate: 5.54
Gross Rent Multiplier: 12.55
Vacancy Rate: 100
Scheduled Actual: Scheduled
Multi-Unit Information
Unit Type Type: 1
Type Of Units: Apartments
# of Buildings: 1
Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,075
Projected Rent: $8,300
# of Units: 4
Exterior
Building Information
Total Floors: 2
Two Level
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 6,985
Lot Size (Acres): 0.1604
Zoning: LAR3
Financial
Assessment Information
Assessed Total Value: $1,597,579
Assessed Land Value: $1,072,201
Assessed Land %: 67.11
Assessed Improvement Value: $525,378
Assessed Improvement %: 32.89
Assessor Parcel Number: 4125-011-010
Location
Community Information
# of Units in Complex (Total): 4
Location Information
Directions: West on W. Manchester Ave, South on Ramsgate Ave
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,948
Stories: —
Lot Size: 6,987 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1950
Year Renovated: 1950
County: Los Angeles County
APN: 4125011053
Home facts updated by county records on Oct 8, 2026
Other
Documents & Disclosures
Disclosures: None
Co Selling Agent Information
First Name: Don
Last Name: Favia
License #: 01841258
Around this home
Schools
Westport Heights Elementary School
Public K-5 • Assigned • 0.9mi
5/10
Orville Wright Engineering And Design Magnet
Public 6-8 • Assigned • 1.5mi
2/10
Westchester Enriched Sciences Magnet Health/Sports Medicine
Public 9-12 • Assigned • 2.6mi
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,...