8931 Ramsgate Ave, Los Angeles, CA 90045
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8931 Ramsgate Ave Los Angeles, CA 90045

$1,250,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,250,000 Get Pre-Qualified

Map preview of 8931 Ramsgate Ave, Los Angeles, CA 90045

Property Overview: 8931 Ramsgate Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,063 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: 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.

Listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 8 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 128

Home details

Lot Sq. Ft
7,063
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24395379
City
Los Angeles
County
Los Angeles
Time on Site
128 days

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Property Details for 8931 Ramsgate Ave

Lot Details / Garage and Parking
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 4125012014
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps: 8931 Ramsgate Ave. Los Angeles, CA 90045
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Sale History for 8931 Ramsgate Ave

View property's historical transactions
  • May, 2024

  • May 22, 2024

    Date

    Active

    CRMLS: 24395379

    $1,350,000

    Price

Tax History for 8931 Ramsgate Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

8931 Ramsgate Ave is listed 4.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000.

About 8931 Ramsgate Ave

Detailed summary of property

8931 Ramsgate Ave is a land located in Los Angeles, CA 90045 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,063 square foot lot. 8931 Ramsgate Ave was first listed on ArdentRealEstateGroup.com on May 23, 2024. The homeowner is currently asking $1,250,000 and was originally asking $1,350,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 4.17% higher than the median priced home. Local competing homes currently for sale include 679 E 41st Pl, 1833 W Pico Blvd and 250 N Wilton Pl. While the average home in Los Angeles, CA is selling in 106 days, 8931 Ramsgate Ave has a days on market of 128 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 8931 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 8931 Ramsgate Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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
$1,899,000
Median List Price/Sq.Ft.
$845
Median Sold Price
$1,511,250
Median Sold Price/Sq.Ft.
$857
Total Inventory
99
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.