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$1,395,000
Est. payment /mo
6,982 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25102482
HOA Y/N No
Year Built 1951
Lot Size 6,982 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 4.87% CAP rate and a 13.65 GRM, with significant rental upside of 55%—offering investors a projected 8% 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.
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 4.87% CAP rate and a 13.65 GRM, with significant rental upside of 55%—offering investors a projected 8% 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
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 3
Pool None
Community Features Biking
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4125011009
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc. 3107801899
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Devin McNichol & Aaron Bernbach
Agent | License ID: 02038322
Agent License ID: 02038322