8716 Ramsgate Ave
Los Angeles, CA 90045

$5,545,000

Price

Beds

Baths

10,500 Sq. Ft.

$528 / Sq. Ft.

10,500

Sq. Ft.

$528

per Sq. Ft.

8716 Ramsgate Avenue Los Angeles, CA 90045 - Photo 1 of 37

Description

8716 and 8722 Ramsgate Avenue offer a rare Westside Los Angeles multifamily opportunity delivering a true 7.00% cap rate and sub-10 GRM (9.95x) on current in-place income - an exceptionally uncommon pricing profile for a fully rebuilt, turnkey asset in Westchester. The property consists of 12 units across two side-by-side parcels on a double lot, comprehensively redeveloped in 2025, including four newly constructed units. The scope of work was extensive and property-wide, with all major building...8716 and 8722 Ramsgate Avenue offer a rare Westside Los Angeles multifamily opportunity delivering a true 7.00% cap rate and sub-10 GRM (9.95x) on current in-place income - an exceptionally uncommon pricing profile for a fully rebuilt, turnkey asset in Westchester. The property consists of 12 units across two side-by-side parcels on a double lot, comprehensively redeveloped in 2025, including four newly constructed units. The scope of work was extensive and property-wide, with all major building systems replaced or upgraded, including roof, windows, plumbing, sewer, electrical, HVAC, lighting, and fixtures. The result is a true no-capex acquisition with no deferred maintenance and no near-term capital exposure. The exterior was fully redeveloped as part of the 2025 improvements, featuring new stucco and paint, updated railings and stair systems, modernized building elevations, and professionally designed drought-tolerant landscaping with paver hardscaping throughout the common areas. The property is situated on a quiet, residential, tree-lined Westchester street, reinforcing long-term tenant appeal and pride of ownership. Unit interiors feature high-end finishes throughout, in-unit washers and dryers, and a highly desirable unit mix of eight two-bedroom units and four three-bedroom units. The execution and layout deliver durable, operationally simple, and immediately stabilized income supported by substantive improvements rather than cosmetic upgrades. Located west of the 405, just off Manchester, the property benefits from sustained rental demand driven by proximity to Loyola Marymount University, the Playa Vista employment corridor, and Los Angeles International Airport. The site is also minutes from Playa del Rey and the Inglewood entertainment district anchored by SoFi Stadium, reinforcing deep and diverse renter demand. In a Westside market where renovated assets of similar quality typically trade at materially lower yields, this offering stands apart by delivering meaningful day-one income without renovation risk, lease-up exposure, or speculative assumptions. The combination of exceptional pricing metrics, high-quality redevelopment, and a supply-constrained Westside location makes opportunities like this inherently scarce in today's buyer-driven environment.

Listed by Don Favia • DRE #01841258 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.

Property Details for 8716 Ramsgate Avenue

Zoning

LAR3

Property Attached YN

true

Parcel Number

4125015018

Total Units

12.0

Living Area

10500

Source Living Area

Owner

Area

Westchester (C29)

Vacancy Rate

LISTING UPDATED: 01/16/2026 04:51 PM

Property Details for 8716 Ramsgate Avenue

Status	Active
MLS #	26639463
Days on Market	5
Taxes	-
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Residential Income
Year Built	1951
Lot Size	0.31 AC / 13,600 SF
County	Los Angeles County

Location

Listing Courtesy of Realty Investment Advisors, Inc., Don Favia, DRE #01841258; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

Add your commute

Building Information for 8716 Ramsgate Avenue

Stories2Residences-Year Built1951Building Size-Lot Size0.31 AC / 13,600 SF

Payment Calculator

$28,483 per month

30 year fixed, 6.15% Interest

Principal and Interest

$27,025

Property Taxes

$1,458

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 8716 Ramsgate Avenue

Community / Development

Number Of Units: 12
Senior Community: No

Structure Info

Year Built Source: Assessor
Number Of Stories: 2

Number Of Buildings: 4
Type Of Units: Apartments
Property Condition: Updated/Remodeled
Water Heaters: Yes

Contract Info

Probate: No
Disclosures: Other

Listing Type: Exclusive Right To Sell
Service Level: Full Service

Income & Expenses Information

Scheduled Actual: Scheduled
Gross Operating Income: $540,329

Net Operating Income: $388,214.00
Gross Income: $557,040
Cap Rate: 7.00%
Gross Rent Multiplier: $9.95
Vacancy Allow Percent: 3.00%
Owner Pays: Water, Gardener
Total Annual Expense: 152115

Land / Lot Info

Additional Parcel Number: Yes
Lot Acreage: 0.3122

Lot Size Square Feet: 13600

Parking Details

Parking Garage: None
Total Parking: 0

Parking Features: None

Interior Features

Levels: Multi/Split
Cooling: Other

Cooling Type: Other
Heating: Other
Heating Type: Other
Equipment: Other
Common Walls: Attached

Exterior Features

New Construction: No
Other Structures: None

Lease Terms

Entry Date: 01-16-2026
Rent Control: Yes

Tenant Pays: Gas, Electricity

Unit Details

Unit 1 Information

Unit Beds: 2
Unit Baths: 1

Unit Furnished: No
Unit Rent: $3,503.00
Unit Actual Rent: $28,029.00
Unit Projected Rent: $28,912.00
Like Units: 8

Unit 2 Information

Unit Beds: 3
Unit Baths: 2

Unit Furnished: No
Unit Rent: $4,597.00
Unit Actual Rent: $18,391.00
Unit Projected Rent: $19,660.00
Like Units: 4

Unit Details

Unit Type Type: 2106, 2107

Tax and Assessed Info

Assessed Improvement Value: $306,000.00
Assessed Improvement Percent: 21.43

Assessed Land Value: $1,122,000.00
Assessed Land Percent: 78.57
Assessed Total Value: $1,428,000.00

Property History for 8716 Ramsgate Avenue

Date	Event & Source	Price	Appreciation
Jan 16, 2026	Listed (Active) CRMLS #26639463	$5,545,000	—
Jan 16, 2026	Listed (Active) CLAW #26639463	$5,545,000	—
Jul 28, 2023	Sold CLAW #23-260051	$1,400,000	—
Jul 28, 2023	Sold CRMLS #23260051	$1,400,000	—
Jul 28, 2023	Sold SDMLS #23-260051	$1,400,000	—
Jul 16, 2023	Pending CRMLS #23260051		—
Jul 16, 2023	Pending SDMLS #23-260051		—
Jul 16, 2023	Pending CLAW #23-260051		—
Apr 17, 2023	Listed (Active) SDMLS #23-260051	$3,100,000	—
Apr 17, 2023	Listed (Active) CRMLS #23260051	$3,100,000	—
Apr 17, 2023	Listed (Active) CLAW #23-260051	$3,100,000	—
Aug 23, 2017	Sold (Public Record) Public Record #604541529	$1,315,000	+13.2% / yr
Jul 1, 2017	Expired CRMLS #IN16104405	$1,150,000	—
Jun 30, 2017	Expired CLAW #IN16104405MR	$1,150,000	—
Feb 24, 2017	Hold CRMLS #IN16104405		—
Feb 24, 2017	Expired SDMLS #IN16104405		—
Jan 11, 2017	Listed (Active) CRMLS #IN16104405		—
Dec 29, 2016	Hold CRMLS #IN16104405		—
Dec 29, 2016	Listed (Active) CRMLS #IN16104405		—
Nov 29, 2016	Hold CRMLS #IN16104405		—
Aug 9, 2016	Price Change CRMLS #IN16104405	$1,150,000	—
Jun 1, 2016	Listed (Active) CRMLS #IN16104405		—
May 31, 2016	Hold CRMLS #IN16104405		—
May 15, 2016	Listed (Active) SDMLS #IN16104405	$1,200,000	—
May 15, 2016	Listed (Active) CRMLS #IN16104405	$1,200,000	—
May 15, 2016	Listed (Active) CLAW #IN16104405MR	$1,200,000	—
Aug 11, 2010	Sold (Public Record) Public Record #296193869	$550,000	-3.5% / yr
Mar 5, 2009	Expired CRMLS #07179373	$760,000	—
Jun 21, 2008	Expired CRMLS #N960415	$745,000	—
May 9, 2008	Expired CLAW #N960415MR	$745,000	—
Jan 9, 2008	Listed (Active) CRMLS #N960415	$745,000	—
Jan 9, 2008	Listed (Active) CLAW #N960415MR	$745,000	—
Dec 31, 2007	Expired CLAW #07-179373	$760,000	—
Nov 10, 2007	Withdrawn / Cancelled CRMLS #N955813	$730,000	—
Nov 10, 2007	Withdrawn / Cancelled CLAW #N955813MR		—
Oct 15, 2007	Listed (Active) CLAW #07-179373	$825,000	—
Oct 1, 2007	Listed (Active) CRMLS #N955813	$730,000	—
Oct 1, 2007	Listed (Active) CLAW #N955813MR	$730,000	—
Jul 31, 2007	Withdrawn / Cancelled CRMLS #N945190	$825,000	—
Jul 31, 2007	Withdrawn / Cancelled CLAW #N945190MR		—
Apr 13, 2007	Listed (Active) CRMLS #N945190	$825,000	—
Apr 13, 2007	Listed (Active) CLAW #N945190MR	$825,000	—
Apr 13, 2007	Listed (Active) CRMLS #07179373	$760,000	—
Nov 1, 2006	Expired CLAW #05-015403	$900,000	—
Nov 3, 2005	Listed (Active) CLAW #05-015403	$825,000	—
Aug 9, 2004	Sold CLAW #04-064870	$685,000	—
Aug 9, 2004	Sold CLAW #S360459MR	$685,000	—
Aug 9, 2004	Sold CRMLS #S360459	$685,000	—
Jul 2, 2004	Pending CLAW #S360459MR		—
Jul 2, 2004	Pending CRMLS #S360459		—
Jun 18, 2004	Sold (Public Record) Public Record #139476587	$685,000	—
Jun 10, 2004	Pending CLAW #04-064870		—
May 7, 2004	Listed (Active) CLAW #04-064870	$700,000	—
May 7, 2004	Listed (Active) CLAW #S360459MR	$700,000	—
May 7, 2004	Listed (Active) CRMLS #S360459	$700,000	—
Jun 1, 1996	Expired CRMLS #S116531	$199,000	—
Jun 1, 1996	Expired CLAW #S116531MR		—
Feb 22, 1996	Listed (Active) CRMLS #S116531	$199,000	—
Feb 22, 1996	Listed (Active) CLAW #S116531MR	$199,000	—

Date	Event & Source	Price
01/16/2026	Listed (Active) CRMLS #26639463	$5,545,000
01/16/2026	Listed (Active) CLAW #26639463	$5,545,000
07/28/2023	Sold CLAW #23-260051	$1,400,000
07/28/2023	Sold CRMLS #23260051	$1,400,000
07/28/2023	Sold SDMLS #23-260051	$1,400,000
07/16/2023	Pending CRMLS #23260051	—
07/16/2023	Pending SDMLS #23-260051	—
07/16/2023	Pending CLAW #23-260051	—
04/17/2023	Listed (Active) SDMLS #23-260051	$3,100,000
04/17/2023	Listed (Active) CRMLS #23260051	$3,100,000
04/17/2023	Listed (Active) CLAW #23-260051	$3,100,000
08/23/2017	Sold (Public Record) Public Record #604541529	$1,315,000 +13.2% / yr
07/01/2017	Expired CRMLS #IN16104405	$1,150,000
06/30/2017	Expired CLAW #IN16104405MR	$1,150,000
02/24/2017	Hold CRMLS #IN16104405	—
02/24/2017	Expired SDMLS #IN16104405	—
01/11/2017	Listed (Active) CRMLS #IN16104405	—
12/29/2016	Hold CRMLS #IN16104405	—
12/29/2016	Listed (Active) CRMLS #IN16104405	—
11/29/2016	Hold CRMLS #IN16104405	—
08/09/2016	Price Change CRMLS #IN16104405	$1,150,000
06/01/2016	Listed (Active) CRMLS #IN16104405	—
05/31/2016	Hold CRMLS #IN16104405	—
05/15/2016	Listed (Active) SDMLS #IN16104405	$1,200,000
05/15/2016	Listed (Active) CRMLS #IN16104405	$1,200,000
05/15/2016	Listed (Active) CLAW #IN16104405MR	$1,200,000
08/11/2010	Sold (Public Record) Public Record #296193869	$550,000 -3.5% / yr
03/05/2009	Expired CRMLS #07179373	$760,000
06/21/2008	Expired CRMLS #N960415	$745,000
05/09/2008	Expired CLAW #N960415MR	$745,000
01/09/2008	Listed (Active) CRMLS #N960415	$745,000
01/09/2008	Listed (Active) CLAW #N960415MR	$745,000
12/31/2007	Expired CLAW #07-179373	$760,000
11/10/2007	Withdrawn / Cancelled CRMLS #N955813	$730,000
11/10/2007	Withdrawn / Cancelled CLAW #N955813MR	—
10/15/2007	Listed (Active) CLAW #07-179373	$825,000
10/01/2007	Listed (Active) CRMLS #N955813	$730,000
10/01/2007	Listed (Active) CLAW #N955813MR	$730,000
07/31/2007	Withdrawn / Cancelled CRMLS #N945190	$825,000
07/31/2007	Withdrawn / Cancelled CLAW #N945190MR	—
04/13/2007	Listed (Active) CRMLS #N945190	$825,000
04/13/2007	Listed (Active) CLAW #N945190MR	$825,000
04/13/2007	Listed (Active) CRMLS #07179373	$760,000
11/01/2006	Expired CLAW #05-015403	$900,000
11/03/2005	Listed (Active) CLAW #05-015403	$825,000
08/09/2004	Sold CLAW #04-064870	$685,000
08/09/2004	Sold CLAW #S360459MR	$685,000
08/09/2004	Sold CRMLS #S360459	$685,000
07/02/2004	Pending CLAW #S360459MR	—
07/02/2004	Pending CRMLS #S360459	—
06/18/2004	Sold (Public Record) Public Record #139476587	$685,000
06/10/2004	Pending CLAW #04-064870	—
05/07/2004	Listed (Active) CLAW #04-064870	$700,000
05/07/2004	Listed (Active) CLAW #S360459MR	$700,000
05/07/2004	Listed (Active) CRMLS #S360459	$700,000
06/01/1996	Expired CRMLS #S116531	$199,000
06/01/1996	Expired CLAW #S116531MR	—
02/22/1996	Listed (Active) CRMLS #S116531	$199,000
02/22/1996	Listed (Active) CLAW #S116531MR	$199,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8716 Ramsgate Avenue

Taxable ValueLand$1,122,000Additions$306,000Total$1,428,000

Tax Record2025$17,491 ($1,458 / month)

Home Facts

Total Finished SqFt3,260 SqFtAbove Grade Finished SqFt3,260 SqFtLot Size6,820 SqFtStyleQuadraplexYear Built1951ZoningLAR3CountyLOS ANGELESAPN4125-015-018

Schools near 8716 Ramsgate Avenue

This home is within Los Angeles Unified School District.


Rating	School	Type	Grades	Distance
6/10	Westport Heights Elementary School	Public - Serves this home	K to 5	0.7 mi
4/10	Orville Wright Engineering And Design Magnet	Public - Serves this home	6 to 8	1.4 mi
6/10	Westchester Enriched Sciences Magnet Health/Sports Medicine	Public - Serves this home	9 to 12	2.6 mi
8/10	Open Charter Magnet School	Charter - Choice school	K to 5	0.7 mi
7/10	WISH Community	Charter - Choice school	K to 8	1.5 mi
4/10	Katherine Johnson STEM Academy	Public - Nearby school	6 to 8	2.6 mi
NR	Carousel - Airport Blvd	Private - Nearby school	K to 1	0.4 mi
NR	La Tijera Methodist Children's Center	Private - Nearby school	PK to 6	0.9 mi


Rating	School	Distance
6/10	Westport Heights Elementary School PublicK to 5 Serves this home	0.7 mi
4/10	Orville Wright Engineering And Design Magnet Public6 to 8 Serves this home	1.4 mi
6/10	Westchester Enriched Sciences Magnet Health/Sports Medicine Public9 to 12 Serves this home	2.6 mi
8/10	Open Charter Magnet School CharterK to 5 Choice school	0.7 mi
7/10	WISH Community CharterK to 8 Choice school	1.5 mi
4/10	Katherine Johnson STEM Academy Public6 to 8 Nearby school	2.6 mi
NR	Carousel - Airport Blvd PrivateK to 1 Nearby school	0.4 mi
NR	La Tijera Methodist Children's Center PrivatePK to 6 Nearby school	0.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8716 Ramsgate Avenue, Los Angeles, CA 90045

8716 Ramsgate Avenue is a multi-family home for sale in Los Angeles, CA 90045. This property was listed for sale on January 16, 2026 by Realty Investment Advisors, Inc., it's currently listed at $5,545,000. It has been on the market for a total of 5 days and was last sold on July 28, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Westport Heights Elementary School, Orville Wright Engineering And Design Magnet and Westchester Enriched Sciences Magnet Health/Sports Medicine. 8716 Ramsgate Avenue is a 28-bed, 16-bath, 10,500 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty Investment Advisors, Inc., Don Favia, DRE #01841258; Realty Investment Advisors, Inc., Benjamin J. Hsiang, DRE #01438644

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

8716 Ramsgate AveLos Angeles, CA 90045

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More information about 8716 Ramsgate Avenue, Los Angeles, CA 90045

8716 Ramsgate Ave
Los Angeles, CA 90045