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9020 Ramsgate Ave, Los Angeles, CA 90045
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9020 Ramsgate Ave Los Angeles, CA 90045

$1,185,000 Sold Price as of 06/15/2021
  • 6 Beds
  • 4 Baths
  • 2,975 Sq.Ft.
Sold
$1,185,000 Sold Price as of 06/15/2021 Refinance Your Mortgage
Map preview of 9020 Ramsgate Ave, Los Angeles, CA 90045

Property Overview: 9020 Ramsgate Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 2,975 living square feet and 7,003 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A Westchester Fourplex nestled in multi-family residential area, with So-Fi Stadium & Entertainment Complex in Inglewood to the East and the Beach & Playa Vista to the West. It is close to LAX + has easy access to 405 FWY and the new Westchester/Veteran Metro Rail Station under construction. Great Opportunity for Developers, Investors & Owner Users (financing for Owner User is easier due to 4 units lenders are more lenient). The building consists of single level units with individual front and back entrances. Tenants pay for gas & electric - each unit has its own meter. The 2 bedroom units are situated at each end and the 1 bedroom units are in the middle. There are garages with easy access from a short alley. Amenities include dual pane windows, yard, patio. Alley access is wonderful if the buyer is considering developing the property, since it may allow for extra units. TOC (Transit Oriented Communities Affordable Housing Incentive Program) Tier 3, may allow for more units to be built - buyers to verify all information. Showings after accepted offer only and completed Covid-19 PEAD (Property Entry Advisory & Declaration) Form. The tenant at 9022 Ramsgate (1 BR) after 10 years of residency has moved 5/10/21 - great for buyers looking to owner occupy! or re-rent at market rent - buyers to investigate.

Listed by Prabhavati Bharadwa Mina | BRE #00845317 | KW Capital
Last checked: 6 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 40

Home details

Lot Sq. Ft
7,003
HOA Dues
$0/mo
Year built
1950
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
21712836
City
Los Angeles
County
Los Angeles
Time on Site
1135 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,506
  • Total Rent: $1,506
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,341
  • Total Rent: $1,341
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.35
  • Gross Scheduled Income: --
  • Net Operating Income: $65,931
  • Gross Operating Income: $77,964
  • Other Income 1: $70,716
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 9020 Ramsgate Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Wood
  • Attic
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Front Yard, Lawn, Yard
Property Information
  • Total # of Units: 4
  • Parcel Number: 4125011041
  • Foundation Details: Raised
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: South of Manchester, North of Arbor Vitae, East of Airport and West of Aviation
View more facts & features

Local Los Angeles Agent

Sale History for 9020 Ramsgate Ave

Last sold for $1,185,000 on June 15th, 2021

  • June, 2021

  • Jun 16, 2021

    Date

    Sold

    CRMLS: 21712836

    $1,185,000

    Price

  • May 17, 2021

    Date

    Pending

    CRMLS: 21712836

    $1,275,000

    Price

  • Apr 6, 2021

    Date

    Active

    CRMLS: 21712836

    $1,275,000

    Price

  • April, 1997

  • Apr 8, 1997

    Date

    Sold (Public Records)

    Public Records

    $170,000

    Price

  • January, 1997

  • Jan 2, 1997

    Date

    Sold (Public Records)

    Public Records

    $258,866

    Price

Show More

Tax History for 9020 Ramsgate Ave

Assessed Value (2020): $253,570
Year Land Value Improved Value Assessed Value
2020 $189,123 $64,447 $253,570

Home Value Compared to the Market

This property vs the competition

9020 Ramsgate Ave sold on June 15, 2021 for 7.14% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $428.57 per/sqft which puts the price per square foot 43.24% lower than the current median sale per square foot for the city of Los Angeles.

About 9020 Ramsgate Ave

Detailed summary of property

9020 Ramsgate Ave is a multi family that recently sold in Los Angeles, CA 90045. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,975 living square feet, and sits on an approximately 7,003 square foot lot. 9020 Ramsgate Ave was first listed on ArdentRealEstateGroup.com on April 6, 2021. The homeowner sold the property for $1,185,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.14% higher than the current median priced home. Local homes that are currently for sale include 5161 W Jefferson Blvd, 5426 Smiley Dr and 5346 Smiley Dr. While the average home in Los Angeles, CA is selling in 94 days, 9020 Ramsgate Ave has a days on market of 40 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 9020 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 9020 Ramsgate Ave

Public county record property details
Beds
6
Baths
4
Year built
1950
Sq. Ft.
2,975
Lot Size
7,003
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
120
APN
4125-011-041

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
$1,649,999
Median List Price/Sq.Ft.
$884
Median Sold Price
$1,510,000
Median Sold Price/Sq.Ft.
$880
Total Inventory
101
Median Sale to List Price %
103.78%
Avg Days on Market
37
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (7.14%)

Thinking of Selling?

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Thinking of Selling?
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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.

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