8931 Ramsgate Avenue
Los Angeles, CA 90045
- – beds
- – baths
- – sqft
- 7,063 sqft lot
- 1950 build
- – on site
We are pleased to present 8931 Ramsgate Ave, a VACANT duplex located on 7,063 SF of LAR3 Tier 3 TOC zoned land! With the existing duplex (both 2 bed + 1 bath) being 100% vacant, there are numerous exit strategies that include the following: 1) Build 16 units + 4 ADUs utilizing the current RTI plans, 2) Renovate the existing Duplex + build new ADUs, 3) Utilize ED1 to construct 100% affordable housing project, or 4) Multiple duplex style build yield 4-6 large units. Located in the heart of Westchester, tenants will have ease of access to the 405FWY, numerous employment opportunities, Loyola Marymount University, Venice Beach, Santa Monica, El Segundo, and LAX. Ownership has plans in place for a market rate 16-unit + 4 ADU development that can be included in a sale. As a 100% affordable ED1 development, there's potential for up to 36 units with no parking requirements and an affordable stick on grade type construction. As a value-add project, a new owner can perform renovations on the existing units, both 2 bed + 1 bath units, and add additional ADUs by converting the existing rear garage. Buyer shall complete their own due diligence to determine the development potential.
Last checked:
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Last updated Nov 4, 2024
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MLS# 24395369 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Year Built:1950
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New Construction:No
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Building Area Total:1786.00
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# of Buildings:1
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Total Number Of Units:2
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Stories Total:1
Interior
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Levels:One
Location
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Directions:Google Maps: 8931 Ramsgate Ave. Los Angeles, CA 90045
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Latitude:33.95554500
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Longitude:-118.38296700
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:7063.0000
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Lot Size Acres:0.1621
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Lot Size SqFt:7063.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4125012014
Appliances
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Garage
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Parking Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/4/24
Nov 4, 2024
|
Price Changed | CRMLS_CA | $1,195,000 | -4.4% |
|
9/3/24
Sep 3, 2024
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Price Changed | CRMLS_CA | $1,250,000 | -3.5% |
|
7/9/24
Jul 9, 2024
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Price Changed | CRMLS_CA | $1,295,000 | -4.1% |
