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7108 Ramsgate Ave Los Angeles, CA 90045

$1,100,000 Sold Price as of 05/01/2019

3 Beds
2 Baths
1,778 Sq.Ft.

Sold

$1,100,000 Sold Price as of 05/01/2019 Refinance Your Mortgage

Map preview of 7108 Ramsgate Ave, Los Angeles, CA 90045

Property Overview: 7108 Ramsgate Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,778 living square feet and 6,843 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Investor/Developer Special! DO NOT miss out on a chance to own this property in Westchester located minutes from booming "Silicon Beach" and the new LA Rams stadium! This legal DUPLEX is in a TOC Tier 1 zone on a massive R3 Lot allowing for increased density with low-income housing development or potentially up to 12.7 units. (Buyer to confirm accuracy of potential development info - no representation or guarantees are made - Buyer MUST satisfy themselves). Property currently sits as a main house with 2 large bedrooms, office & full bathroom. Detached back unit with a bedroom and kitchen & attached 2-car garage. Develop or renovate what's there! Do not miss out on this opportunity!

Listed by Polly Watts | BRE #00895696 | Polly Watts

Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft: 6,843
HOA Dues: $0/mo
Year built: 1949
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: 19438750
City: Los Angeles
County: Los Angeles
Time on Site: 1200 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Leased Units: 0

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $3,000

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,500

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 0
Gross Scheduled Income: --
Net Operating Income: $0
Gross Operating Income: $0
Improvements Total: $155,332

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 7108 Ramsgate Ave

Interior Features

Cooling Information

No Cooling
None

Laundry Information

Has Laundry
Individual Room, See Remarks

Fireplace Information

Has Fireplace
Wood Burning, Living Room

Room Information

Flooring: Wood, Carpet, Tile
All Bedrooms Down

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2
Has Parking
Parking Features: Uncovered, Garage

Lot Information

Lot Size Source: Assessor

Property Information

No View
View: None
Total # of Units: 2
Parcel Number: 4103018007
Architectural Style: Traditional
Foundation Details: Raised

Location / Neighborhood

Location Information

Subdivision Name: Not in a Development (Not in a Development)
Other Subdivision Name: Not in a Development (Not in a Developme
Directions: Exit La Tijera from 405- Take to Thonburn St which turns into Ramsgate and property is on left side of St.

View more facts & features

Local Los Angeles Agent

Sale History for 7108 Ramsgate Ave

Last sold for $1,075,000 on November 20th, 2020

November, 2020
Nov 20, 2020

Date

Sold (Public Records)

Public Records

$1,075,000

Price
October, 2020
Oct 13, 2020

Date

Sold (Public Records)

Public Records

$895,000

Price
May, 2019
May 2, 2019

Date

Sold

CRMLS: 19438750

$1,100,000

Price
Mar 30, 2019

Date

Pending

CRMLS: 19438750

$949,900

Price
Mar 22, 2019

Date

Price Change

CRMLS: 19438750

$949,900

Price
Mar 6, 2019

Date

Pending

CRMLS: 19438750

$799,900

Price
Feb 28, 2019

Date

Active

CRMLS: 19438750

$799,900

Price

Tax History for 7108 Ramsgate Ave

Assessed Value (2020): $1,122,000

Year	Land Value	Improved Value	Assessed Value
2020	$918,000	$204,000	$1,122,000

Home Value Compared to the Market

This property vs the competition

7108 Ramsgate Ave sold on May 1, 2019 for 9.53% lower 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 $534.25 per/sqft which puts the price per square foot 27.61% lower than the current median sale per square foot for the city of Los Angeles.

About 7108 Ramsgate Ave

Detailed summary of property

7108 Ramsgate Ave is a multi family that recently sold in Los Angeles, CA 90045. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,778 living square feet, and sits on an approximately 6,843 square foot lot. 7108 Ramsgate Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,100,000. 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 9.53% lower 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, 7108 Ramsgate Ave has a days on market of 14 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 7108 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 7108 Ramsgate Ave

Public county record property details

Beds: 4
Baths: 2
Year built: 1949
Sq. Ft.: 1,778
Lot Size: 6,843
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 93
APN: 4103-018-007

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

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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.