8931 Ramsgate Avenue, Los Angeles, CA 90045
  • MLS#: 24395369 ( )
  • Street Address: 8931 Ramsgate Avenue
  • Viewed: 2
  • Price: $1,195,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 177
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90045
  • Provided by: Kidder Mathews of California, Inc.
  • Contact: Casey Casey
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Building Area Total
  1. 1786.00
Country
  1. US
Levels
  1. One
Netoperatingincome
  1. 54600.00
Parcel Number
  1. 4125012014
Parking Features
  1. Garage
Postalcodeplus4
  1. 4611
Sourcesystemkey
  1. 24-395369:CLAW
Totalexpenses
  1. 29400.00
Year Built
  1. 1950
Zoning
  1. LAR3