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7127 Ramsgate Ave, Los Angeles, CA 90045
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7127 Ramsgate Ave Los Angeles, CA 90045

$1,500,000
  • 15 Beds
  • 10 Baths
  • 3,567 Sq.Ft.
Back Up Offer
$1,500,000 Get Pre-Qualified
Map preview of 7127 Ramsgate Ave, Los Angeles, CA 90045

Property Overview: 7127 Ramsgate Ave Los Angeles, CA has 15 bedrooms, 10 bathrooms, 3,567 living square feet and 7,893 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Development Dream Opportunity in Ladera/Westchester/Los Angeles! This property, zoned R3, is located in a dynamic and highly sought-after area, making it an ideal investment for developers. It offers a substantial buildable area, perfect for a larger multifamily residential project. With a generous lot size and significant allowable floor area, this parcel is poised to maximize your investment in a prime location. Property Details: Units 4; (2 x 2 Bedroom/1 Bath and 2 x 1 Bedroom/1 Bath) Features: Each unit includes in-unit washer & dryer hookups. Occupancy: Upon closing, 2 of the units will be delivered vacant, perfect for an owner-occupy buyer. Rent Status: All units are currently rented on a month-to-month basis. The property is conveniently located near the 405 freeway, LAX airport, shops, and restaurants, making it an attractive option for future tenants. Interior inspections will be subject to a written offer, loan approval, and proof of funds to close. Buyers are advised to do their due diligence regarding all information provided by the seller. The sellers are flexible and motivated, offering this property at a great value with endless possibilities. Please do not disturb the tenants.

Listed by Yolanda Washington | BRE #01217434 | Yolanda Washington
Last checked: 5 minutes ago | Last updated: September 19th, 2024 | Source CRMLS | DOM: 45

Home details

Lot Sq. Ft
7,893
HOA Dues
$0/mo
Year built
1955
Garage
4 Car
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24423813
City
Los Angeles
County
Los Angeles
Time on Site
33 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 20.33
  • Gross Scheduled Income: --
  • Net Operating Income: $73,800
  • Gross Operating Income: $73,800
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $18,750
  • Trash: $900
  • Gardener: $600
  • Insurance: $3,000
  • Water/Sewer: $3,000

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Property Details for 7127 Ramsgate Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 4
  • Parcel Number: 4103021040
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Westchester 29 Area; West of La Cienega Blvd; East of La Tijera Blvd.; South of Centinela Avenue; North of Manchester Avenue.
View more facts & features

Local Los Angeles Agent

Sale History for 7127 Ramsgate Ave

Last sold on July 24th, 2006

  • September, 2024

  • Sep 17, 2024

    Date

    Back Up Offer

    CRMLS: 24423813

    $1,500,000

    Price

  • Aug 5, 2024

    Date

    Active

    CRMLS: 24423813

    $1,500,000

    Price

  • July, 2006

  • Jul 24, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2005

  • Aug 22, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 7127 Ramsgate Ave

Assessed Value (2020): $376,693
Year Land Value Improved Value Assessed Value
2020 $170,118 $206,575 $376,693

Home Value Compared to the Market

This property vs the competition

7127 Ramsgate Ave is listed 25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $420.52 per/sqft which puts the price per square foot 45.24% lower than the median price per square foot for the city of Los Angeles.

About 7127 Ramsgate Ave

Detailed summary of property

7127 Ramsgate Ave is a multi family located in Los Angeles, CA 90045 and is currently in escrow to be sold. This multi family property offers 15 bedrooms, 10 bathrooms, roughly 3,567 living square feet, and sits on an approximately 7,893 square foot lot. 7127 Ramsgate Ave was first listed on ArdentRealEstateGroup.com on August 16, 2024. The homeowner is currently asking $1,500,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 25% higher than the median priced home. Local competing homes currently for sale include 4141 S Bronson Ave, 12000 Sylvester St and 5426 Smiley Dr. While the average home in Los Angeles, CA is selling in 106 days, 7127 Ramsgate Ave has a days on market of 45 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 7127 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 7127 Ramsgate Ave

Public county record property details
Beds
7
Baths
4
Year built
1955
Sq. Ft.
3,567
Lot Size
7,932
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
108,109
APN
4103-021-040

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
$1,795,000
Median List Price/Sq.Ft.
$845
Median Sold Price
$1,511,250
Median Sold Price/Sq.Ft.
$857
Total Inventory
104
Median Sale to List Price %
94.51%
Avg Days on Market
28
Loan Type
Conventional (12.12%), FHA (3.03%), VA (0%), Cash (27.27%), Other (6.06%)

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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.

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