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7056 Ramsgate Ave Los Angeles, CA 90045

$1,150,000 Sold Price as of 06/13/2019

7 Beds
11 Baths
2,430 Sq.Ft.

Sold

$1,150,000 Sold Price as of 06/13/2019 Refinance Your Mortgage

Map preview of 7056 Ramsgate Ave, Los Angeles, CA 90045

Property Overview: 7056 Ramsgate Ave Los Angeles, CA has 7 bedrooms, 11 bathrooms, 2,430 living square feet and 6,686 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Seller is very Motivated! Back on the Market!! We are proud to present 7056-7056 3/4 S Ramsgate, in the Westchester neighborhood of Los Angeles. This is a legal 4-plex, single house in front and triplex in back. Front House and Studio will be vacant at COE, back on the market but won't last. This property is a investor dream who is looking for a income property to house their cash that produce a cap rate of 5% or more with low maintenance overtime. The property has lots of upgrades such as: new roof, exterior paint, exterior gutters, security gate with remote controls, exterior wall, exterior patio area for tenants to entertain, gated exterior storage space, upgraded landscape, upgraded plumbing and electrical , each unit has single car garage with remotes, exterior laundry area that produces income. The owner unit has inside laundry area. The price is the lowest on the market!

Listed by Ernestine Crews | BRE #01013911 | Ernestine Crews

Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 280

Home details

Lot Sq. Ft: 6,686
HOA Dues: $0/mo
Year built: 1949
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 18374702
City: Los Angeles
County: Los Angeles
Time on Site: 1200 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,147
Total Rent: $1,147
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 3
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,600

Unit Breakdown 4

# of Units: 4
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,200

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.76%
Gross Rent Multiplier: 17.85
Gross Scheduled Income: --
Net Operating Income: $79,200
Gross Operating Income: $84,000
Improvements Total: $146,933

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 7056 Ramsgate Ave

Interior Features

Cooling Information

No Cooling
None

Lot Details / Garage and Parking

Parking/Garage Information

Has Parking
Parking Features: Garage - Three Door

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 4103018004

Location / Neighborhood

Location Information

Directions: West La-Tijera and S Centinela

View more facts & features

Local Los Angeles Agent

Sale History for 7056 Ramsgate Ave

Last sold for $1,150,000 on June 13th, 2019

June, 2019
Jun 13, 2019

Date

Sold

CRMLS: 18374702

$1,150,000

Price
May 17, 2019

Date

Pending

CRMLS: 18374702

$1,289,000

Price
Apr 5, 2019

Date

Price Change

CRMLS: 18374702

$1,289,000

Price
Feb 28, 2019

Date

Price Change

CRMLS: 18374702

$1,299,000

Price
Jan 17, 2019

Date

Price Change

CRMLS: 18374702

$1,359,000

Price
Sep 6, 2018

Date

Price Change

CRMLS: 18374702

$1,399,000

Price
Aug 10, 2018

Date

Active

CRMLS: 18374702

$1,499,000

Price
May, 2019
May 17, 2019

Date

Sold (Public Records)

Public Records

$1,150,000

Price
November, 1999
Nov 22, 1999

Date

Sold (Public Records)

Public Records

$296,500

Price

Tax History for 7056 Ramsgate Ave

Assessed Value (2020): $1,173,000

Year	Land Value	Improved Value	Assessed Value
2020	$918,000	$255,000	$1,173,000

Home Value Compared to the Market

This property vs the competition

7056 Ramsgate Ave sold on June 13, 2019 for 22.76% higher than the current median sold price for the city of Los Angeles which is $1,050,000. The median sold price per/sqft for Los Angeles is $738 and this home is sold at $530.45 per/sqft which puts the price per square foot 28.12% lower than the current median sale per square foot for the city of Los Angeles.

About 7056 Ramsgate Ave

Detailed summary of property

7056 Ramsgate Ave is a multi family that recently sold in Los Angeles, CA 90045. This multi family property offered 7 bedrooms, 11 bathrooms, roughly 2,430 living square feet, and sits on an approximately 6,686 square foot lot. 7056 Ramsgate Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,150,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 22.76% higher than the current median priced home. Local homes that are currently for sale include 6520 6th Ave, 3313 W 48th St and 5161 W Jefferson Blvd. While the average home in Los Angeles, CA is selling in 97 days, 7056 Ramsgate Ave has a days on market of 280 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 7056 Ramsgate Ave Los Angeles, CA 90045 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7056 Ramsgate Ave

Public county record property details

Beds: 4
Baths: 5
Year built: 1949
Sq. Ft.: 2,430
Lot Size: 6,729
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 90
APN: 4103-018-004

The source for these homes facts are from public records.

90045 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,650,000

Median List Price/Sq.Ft.

$876

Median Sold Price

$1,340,000

Median Sold Price/Sq.Ft.

$835

Total Inventory

Median Sale to List Price %

99.26%

Avg Days on Market

Loan Type

Conventional (21.05%), FHA (0%), VA (0%), Cash (15.79%), Other (21.05%)

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(714) 706-1823

Homes for Sale Near 7056 Ramsgate Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.