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Listed by Alan Lu, DRE #01514595 • ALTC Realty
$ 5,545,000
Est. payment /mo
Active
8716 Ramsgate Los Angeles, CA 90045
0.31 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26164563
Year Built 1951
Lot Size 0.312 Acres
Source California Regional MLS
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 system-including 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
Area C29 - Westchester
Exterior
Parking Features No Parking
Pool None
Building
Water District - Public
Others
Tax ID 4125015018
Special Listing Condition Not Applicable
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