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8716 Ramsgate Avenue, Los Angeles, CA 90045
Priced at Only: $5,545,000
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Address: 8716 Ramsgate Avenue, Los Angeles, CA 90045
Property Location and Similar Properties
- MLS#: 26639463 ( )
- Street Address: 8716 Ramsgate Avenue
- Viewed: 7
- Price: $5,545,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1951
- Bldg sqft: 0
- Days On Market: 18
- Additional Information
- County: LOS ANGELES
- City: Los Angeles
- Zipcode: 90045
- Provided by: Realty Investment Advisors, Inc.
- Contact: Don Don

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Description8716 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.
Features
Building Area Total
- 10500.00
Common Walls
- 1 Common Wall
Country
- US
Levels
- Multi/Split
Netoperatingincome
- 388214.00
Parcel Number
- 4125015018
Parking Features
- None
Postalcodeplus4
- 4608
Property Condition
- Updated/Remodeled
Sourcesystemkey
- 26639463:CLAW
Tenant Pays
- Gas
- Electricity
Totalexpenses
- 152115.00
Year Built
- 1951
Year Built Source
- Assessor
Zoning
- LAR3
- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Fax: 714.975.9953
- Mobile: 714.478.6676
- salesbyxavier@gmail.com






































