$1,295,000 Price Analysis   ♡   Los Angeles, CA 90045 Unknown bed 0 bath unknown SqFt ($0/SqFt) 7,063SqFt lot. Listed 2024-05-23, Taxes $12,609 | Ⓧ USDA Ineligible due to property near Los Angeles |
We are pleased to present 8931 Ramsgate Ave
A VACANT duplex located on 7, 063 SF of LAR3 Tier 3 TOC zoned land! With the existing duplex (both 2 bed + 1 bath) being 100% vacant, there are numerous exit strategies that include the following: 1) Build 16 units + 4 ADUs utilizing the current RTI plans, 2) Renovate the existing Duplex + build new ADUs, 3) Utilize ED1 to construct 100% affordable housing project or 4) Multiple duple x style build yield 4-6 large units. Located in the heart of Westchester, tenants will have ease of access to the 405FWY, numerous employment opportunities, Loyola Marymount University, Venice Beach, Santa Monica, El Segundo and LAX.
Ownership has plans in place for a market rate 16-unit + 4 ADU development that can be included in a sale. As a 100% affordable ED1 development, there's potential for up to 36 units with no parking requirements and an affordable stick on grade type construction. As a value-add project, a new owner can perform renovations on the existing units, both 2 bed + 1 bath units and add additinal ADUs by converting the existing rear garage. Buyer shall complete their own due diligence to determine the development potential.
Presented by Casey Lins at
Kidder Mathews of California, Inc.
Property MLS #24-395379 from TheMLSCLAW
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7063
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: Google Maps: 8931 Ramsgate Ave. Los Angeles, CA 90045
Source Property Type: Land
Area: Westchester
Source Neighborhood: Westchester
Parcel Number: 4125-012-014
Postal Code Plus 4: 4611
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $315,353 + $735,824 $1,051,177 | $12,609 |
| 2021 | $309,170 + $721,397 $1,030,567 | $12,452 |
| 2020 | $306,000 + $714,000 $1,020,000 | $12,579 |
| 2019 | $75,478 + $264,857 $340,335 | $7,889 |
| 2018 | $73,999 + $259,664 $333,663 | $4,193 |
| 2017 | $72,549 + $254,573 $327,122 | $4,105 |
| 2016 | $71,127 + $249,582 $320,709 | $3,998 |
| 2015 | $70,059 + $245,834 $315,893 | $3,941 |
| 2014 | $68,687 + $241,019 $309,706 | $3,969 |
| 2013 | $68,377 + $239,930 $308,307 | $3,963 |
| 2012 | $67,037 + $235,226 $302,263 | $4,016 |
| 2010 | $65,723 + $230,614 $296,337 | $3,941 |
| 2009 | $65,387 + $229,435 $294,822 | $3,793 |
| 2009 | $65,232 + $228,891 $294,123 | $3,793 |
| 2008 | $64,105 + $224,937 $289,042 | $3,634 |
| 2007 | $62,849 + $220,527 $283,376 | $3,512 |
$1,295,000
TheMLSCLAW
Price Changed 2024-07-09
$1,295,000
TheMLSCLAW
Listed 2024-05-23
$1,350,000
TheMLSCLAW
Listed 2024-05-23
$1,350,000
TheMLSCLAW
Listing removed 2021-12-22
$0
TheMLSCLAW
Price Changed 2021-12-01
$1,595,000
TheMLSCLAW
Listed 2021-11-11
$1,649,000
TheMLSCLAW
Listing removed 2020-02-10
$0
TheMLSCLAW
Listed 2020-01-21
$1,495,000
TheMLSCLAW
Sold 2019-03-20
$1,000,000
CRMLS
Price Changed 2019-02-08
$1,100,000
CRMLS
Relisted 2019-01-02
$1,199,000
CRMLS
Listing removed 2018-12-23
$0
CRMLS
Listed 2018-12-22
$1,199,000
CRMLS
Sold 2001-09-14
$257,000
Public Record
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.