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$ 5,545,000
Est. payment | /mo
5 Beds
3 Baths
0.31 Acres Lot
$ 5,545,000
Est. payment | /mo
5 Beds
3 Baths
0.31 Acres Lot
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
Listed by Alan Lu, DRE#01514595 ALTC Realty
NEARBY SCHOOL & BUSINESS