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Julieanne Phan

julieannephan@icloud.com +1(714) 655-1434

$ 5,545,000

Est. payment -/mo

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8716 Ramsgate AVE Los Angeles, CA 90045

28 Beds

16 Baths

10,500 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 10,500 sqft

Price per Sqft $528

MLS Listing ID 26639463

Bedrooms 28

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1951

Lot Size 0.312 Acres

Property 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 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.

Location

State CA

County Los Angeles

Area C29 - Westchester

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features None

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4125015018

Special Listing Condition Standard

Listed by Don Favia Realty Investment Advisors, Inc.

SCHOOLSPROPERTIES

Elementary Schools 20

10

Center Street Elementary School

Public | KG - 5
10

El Marino Elementary School

Public | KG - 5
9

Richmond Street Elementary School

Public | KG - 5
9

Citizens of the World 3

Public | KG - 5
9

Playa del Rey Elementary

Public | KG - 5
9

Cowan Avenue Elementary School

Public | KG - 5
9

Wilder's Preparatory Academy Charter

Public | KG - 5
8

Playa Vista Elementary

Public | KG - 5
8

Ocean Charter

Public | KG - 8
8

El Rincon

Public | KG - 5
8

Open Charter Magnet

Public | KG - 5
7

Goethe International Charter

Public | KG - 8
7

Westside Innovative School House

Public | KG - 6
7

Juan de Anza Elementary School

Public | KG - 5
7

Huerta Elementary

Public | PK - 5
6

Loyola Village Elementary

Public | KG - 5
6

Braddock Drive Elementary School

Public | PK - 5
6

Kentwood Elementary

Public | KG - 5
6

Stella Middle Charter Academy

Public | 5 - 8
6

Felton Elementary

Public | PK - 5

Middle Schools 17

9

El Segundo Middle School

Public | 6 - 8
8

The Incubator

Public | 6 - 12
8

Wilder's Preparatory Academy Charter Middle School

Public | 6 - 8
6

Hawthorne Middle School

Public | 6 - 8
5

Icef Vista Middle Academy

Public | 6 - 8
5

Wright Middle School - STEAM Magnet

Public | 6 - 8
5

Century Community Charter

Public | 6 - 8
4

Lennox Middle School

Public | 6 - 8
3

Animo Westside Charter Middle School

Public | 6 - 8
2

Marina Del Rey School

Public | 6 - 8
2

Westchester Secondary Charter

Public | 6 - 12
2

Grace Hopper STEM Academy

Public | 6 - 8
1

Crozier Elementary School

Public | 7 - 8
1

Icef Inglewood Middle Charter Academy

Public | 6 - 8
0

Westview School

Private | 7 - 12
0

Katherine Johnson STEM Academy

Public | 6 - 8
0

Hawthorne Academy

Private | 7 - 12

High Schools 13

10

El Segundo High School

Public | 9 - 12
10

Hawthorne Math and Science Academy

Public | 9 - 12
9

Lennox Mathematics, Science and Technology Academy

Public | 9 - 12
9

Animo Leadership High School

Public | 9 - 12
8

Bright Star Secondary Charter Academy

Public | 9 - 12
7

Da Vinci Design

Public | 9 - 12
7

City Honors College Preparatory Charter

Public | 9 - 12
4

Arena High (Continuation)

Public | 9 - 12
2

Hawthorne High School

Public | 9 - 12
1

Inglewood High School

Public | 9 - 12
0

Westchester Enriched Sciences Magnets (WESM) - Environmental & Natural Science Magnet

Public | 9 - 12
0

Westchester Enriched Sciences Magnets (WESM) - Gifted and High Ability STEAM Magnet

Public | 9 - 12
0

St Mary's Academy

Private | 9 - 12

School and business data provided by Attom Data.

Julieanne Phan

Broker

+1(714) 655-1434

Julieanne Phan

8716 Ramsgate AVE Los Angeles, CA 90045

Key Details

Location

Interior

Exterior

Building

Others

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8716 Ramsgate AVE