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Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$1,499,000
Est. payment /mo
3,542 SqFt
Active
9027 Ramsgate Avenue Los Angeles, CA 90045
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,542 sqft
Price per Sqft $423
MLS Listing ID SB-25102482
Year Built 1951
Lot Size 6,983 Sqft
Property Sub-Type Quadruplex
Property Description
9027 Ramsgate Ave is a well-maintained 4-unit apartment building located in the heart of Westchester, one of Los Angeles' most desirable rental markets. The property features an ideal unit mix of (4) spacious 2-bedroom, 1-bathroom units--perfect for long-term tenants and student renters alike. Recent upgrades include soundproof windows, doors, and walls, as well as a full roof replacement in 2020, ensuring quiet comfort and reduced future maintenance. Residents enjoy access to a private grass courtyard in the rear of the property--an inviting outdoor space that adds to the building's tenant appeal. Additional amenities include common-area laundry and security cameras for added convenience and peace of mind. The asset delivers a current 4.31% CAP rate and a 14.67 GRM, with significant rental upside of 42%--offering investors a projected 7% market CAP. Strategically located near LAX, Loyola Marymount University, Ladera Heights, and the expanding LAX Metro Line, 9027 Ramsgate Ave presents a rare opportunity to own a turnkey asset with value-add potential in a high-demand neighborhood poised for continued growth.
Location
State CA
County Los Angeles
Area C29 - Westchester
Zoning LAR3
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Biking
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer