Los Angeles, CA 90045,8716 Ramsgate AVE
Los Angeles, CA 90045,8716 Ramsgate AVE
Los Angeles, CA 90045,8716 Ramsgate AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,545,000
Est. payment /mo
28 Beds
16 Baths
10,500 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,500 sqft

Price per Sqft $528

MLS Listing ID 26639463

Bedrooms 28

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1951

Lot Size 0.312 Acres

Property Description

8716 and 8722 Ramsgate Avenue offer a rare Westside Los Angeles multifamily opportunity delivering a true 7.00% cap rate and sub-10 GRM (9.95x) on current in-place income - an exceptionally uncommon pricing profile for a fully rebuilt, turnkey asset in Westchester. The property consists of 12 units across two side-by-side parcels on a double lot, comprehensively redeveloped in 2025, including four newly constructed units. The scope of work was extensive and property-wide, with all major building systems replaced or upgraded, including roof, windows, plumbing, sewer, electrical, HVAC, lighting, and fixtures. The result is a true no-capex acquisition with no deferred maintenance and no near-term capital exposure. The exterior was fully redeveloped as part of the 2025 improvements, featuring new stucco and paint, updated railings and stair systems, modernized building elevations, and professionally designed drought-tolerant landscaping with paver hardscaping throughout the common areas. The property is situated on a quiet, residential, tree-lined Westchester street, reinforcing long-term tenant appeal and pride of ownership. Unit interiors feature high-end finishes throughout, in-unit washers and dryers, and a highly desirable unit mix of eight two-bedroom units and four three-bedroom units. The execution and layout deliver durable, operationally simple, and immediately stabilized income supported by substantive improvements rather than cosmetic upgrades. Located west of the 405, just off Manchester, the property benefits from sustained rental demand driven by proximity to Loyola Marymount University, the Playa Vista employment corridor, and Los Angeles International Airport. The site is also minutes from Playa del Rey and the Inglewood entertainment district anchored by SoFi Stadium, reinforcing deep and diverse renter demand. In a Westside market where renovated assets of similar quality typically trade at materially lower yields, this offering stands apart by delivering meaningful day-one income without renovation risk, lease-up exposure, or speculative assumptions. The combination of exceptional pricing metrics, high-quality redevelopment, and a supply-constrained Westside location makes opportunities like this inherently scarce in today's buyer-driven environment.

Location

State CA

County Los Angeles

Area C29 - Westchester

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features None

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4125015018

Special Listing Condition Standard

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CRMLS – RECore
Listed by Don Favia Realty Investment Advisors, Inc.

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