9020 Ramsgate Avenue

Los Angeles, CA 90045

$1,185,000
Last Sold Price
6
Beds
4
Baths
2,975 Sq. Ft.
$398 / Sq. Ft.
2,975
Sq. Ft.
$398
per Sq. Ft.

Description

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...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.
  1. Listed by Prabhavati Bharadwa Mina • DRE #00845317 • Brokerage DRE #01299221 • KW Capital

Property Details for 9020 Ramsgate Avenue

Zoning
LAR3
Parcel Number
4125011041
Total Units
4.0
Living Area
2975
Source Living Area
Vendor Enhanced
Area
Westchester (C29)
Vacancy Rate
25%
Lot Size Area
7003

Location

Listing Courtesy of KW Capital, Prabhavati Bharadwa Mina, DRE #00845317

Sold By B Squared Realty Westside, Ryan Morehead, DRE #01374532

Add your commute
LISTING UPDATED: 02/08/2022 04:04 PM

Property Details for 9020 Ramsgate Avenue

StatusSold
MLS #21-712836
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.16 AC / 7,003 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Capital, Prabhavati Bharadwa Mina, DRE #00845317

Sold By B Squared Realty Westside, Ryan Morehead, DRE #01374532

Add your commute

Building Information for 9020 Ramsgate Avenue

Stories-Residences-Year Built1950Building Size-Lot Size0.16 AC / 7,003 SF

Payment Calculator

$7,741 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,467

Property Taxes

$1,274

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9020 Ramsgate Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Low Density
  • Direction Faces: South
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Exchange Up
  • Disclosures: As Is, Owner Is Listing Agent, Property Report, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $77,964
  • Net Operating Income: $65,931.00
  • Gross Income: $77,964
  • Gross Rent Multiplier: $16.35
  • Other Income1: $70,716.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 12033
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1608
  • Lot Size Square Feet: 7003
  • Lot Features: Front Yard, Lawn, Yard
  • Lot Description: Front Yard, Lawn, Single Lot, Yard
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Attic
  • Rooms: Attic, Patio Open
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Carpet, Hardwood, Mixed
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: In Kitchen
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Composition, Shingle
  • Patio Features: Patio Open
  • Entry Location: Living Room
  • Windows: Double Pane Windows
  • New Construction: No
  • Construction Materials: Plaster
  • Exterior Construction: Plaster
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-05-2021
  • Listing Terms: Cash, Cash To New Loan, Conventional, Take Property As Is
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,506.00
  • Unit Actual Rent: $1,506.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,341.00
  • Unit Actual Rent: $1,341.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $64,027.00
  • Assessed Improvement Percent: 25.29
  • Assessed Land Value: $189,123.00
  • Assessed Land Percent: 74.71
  • Assessed Total Value: $253,150.00

Property History for 9020 Ramsgate Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 9020 Ramsgate Avenue

Taxable ValueLand$1,076,814Additions$156,480Total$1,233,294
Tax Record2023$15,286 ($1,274 / month)
Home Facts
Total Finished SqFt2,975 SqFtAbove Grade Finished SqFt2,975 SqFtLot Size7,003 SqFtStyleQuadraplexYear Built1950ZoningLAR3CountyLOS ANGELESAPN4125-011-041

Schools near 9020 Ramsgate Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Westport Heights Elementary School
PublicK to 5

Westchester Enriched Sciences Magnets
Public9 to 12

Open Charter Magnet School
CharterK to 5

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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Capital, Prabhavati Bharadwa Mina, DRE #00845317

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.