8716 Ramsgate Avenue, Los Angeles, CA 90045
Local realty services provided by:ERA North Orange County Real Estate
8716 Ramsgate Avenue,Los Angeles, CA 90045
$5,545,000
- 28 Beds
- 16 Baths
- 10,500 sq. ft.
- Multi-family
- Active
Listed by: don favia, benjamin j. hsiang
Office: realty investment advisors, inc.
MLS#:26639463
Source:CRMLS
Price summary
- Price:$5,545,000
- Price per sq. ft.:$528.1
About this home
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.
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Home facts
- Year built:1951
- Listing ID #:26639463
- Added:1 day(s) ago
- Updated:January 17, 2026 at 05:41 AM
Rooms and interior
- Bedrooms:28
- Total bathrooms:16
- Living area:10,500 sq. ft.
Structure and exterior
- Year built:1951
- Building area:10,500 sq. ft.
- Lot area:0.31 Acres
Finances and disclosures
- Price:$5,545,000
- Price per sq. ft.:$528.1
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