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8722 Ramsgate Ave
Los Angeles, CA 90045 Westchester

$5,545,000 USD

Apartments For Sale  •  10,500 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,500 SF
  • Lot Size 0.31 AC
  • Building Class C
  • Year Built 1951
  • Cap Rate 7.00 %
  • Zoning LAR3
60 Transit Score
78 Walk Score

Highlights

True 7.00% cap rate on current in-place income
Sub-10 GRM (9.95x) in prime Westchester pocket
Desirable unit mix: 8 two-bedroom, 4 three-bedroom
Comprehensive 2025 property-wide redevelopment
All major systems replaced or upgraded, no near-term capex
12 units on a rare double lot

Financial Summary (Actual)

Net Operating Income: $388,214 USD (2025)
Cap Rate: 7.00 %
Total Expenses: $152,115 USD

Amenities

  • Microwave
  • Tenant Controlled HVAC
  • Washer/Dryer Hookup
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Online Services
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Los Angeles International 6 min - 2.5 mi
Long Beach (Daugherty Field) 28 min - 19.7 mi
Bob Hope 37 min - 26.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: TwoCarGarage
Included in Rent: Yes
Benjamin Hsiang 818-517-0845 Realty Investment Advisors
Benjamin Hsiang 818-517-0845 Realty Investment Advisors