See all 11 photos
11 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Alan Lu • ALTC Realty
$5,545,000
Est. payment /mo
10,500 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,500 sqft
Price per Sqft $528
MLS Listing ID AR-26164563
Year Built 1951
Lot Size 0.312 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Set along a quiet, tree-lined residential street in Westchester, 8716 & 8722 Ramsgate Avenue represents an extraordinary Westside investment opportunity: a turnkey, 12-unit multi-family portfolio delivering a true 7.33% cap rate and a 9.95x GRM on current in-place income. Positioned across a double lot on two adjacent parcels, the property underwent an expansive, top-to-bottom redevelopment finished in Summer of 2025, which included the ground-up construction of four brand-new units. The extensive scope of work leaves zero deferred maintenance, replacing or modernizing every primary building system—including plumbing, main sewer, electrical, HVAC, dual-pane windows, lighting, flooring, bathrooms and kitchen. Outside, the grounds feature refreshed stucco and paint, updated stairways and railings, new paver hardscaping, and professionally curated drought-tolerant landscaping. Inside, the optimized layout includes eight 2-bedroom and four 3-bedroom residences, each detailed with clean modern finishes and in-unit washers and dryers. Delivering immediate, durable cash flow without construction risk or lease-up exposure, this property stands out as a pristine, low-overhead Westside holding.
Location
State CA
County Los Angeles
Area C29 - Westchester
Interior
Laundry See Remarks
Exterior
Parking Features None
Pool None
Community Features Urban
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer
Read Less Info
Nearby Locations
GET MORE INFORMATION
John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900