SoldJul 28, 2023

Listed by Benjamin J. Hsiang and Don Favia from Realty Investment Advisors, Inc.

Bought with Hubert Chen from Mr MGM Inc.

Source: Combined LA Westside Multiple Listing Service, Inc #23260051

8716 Ramsgate Avenue, Los Angeles, CA, 90045

$1,400,000

8
4
4
3260 sq. ft.
6820 sq. ft.

Other

30+ days on the market

Sold: Jul 28, 2023

What's around 8716 Ramsgate Avenue

About this property

We are proud to present an exceptional investment opportunity in the heart of Westchester, Los Angeles. This fully vacant fourplex, with four spacious two-bedroom one bath units, offers a remarkable opportunity for value-add investors and owner-users alike. The ability to create high-quality housing options, ready to be rented at market rates after the Ellis Expiration on November 3, 2023, presents a compelling prospect. Furthermore, the potential to add Accessory Dwelling Units (ADUs), subject to state and local laws, enhances the property's appeal. Situated in Westchester, a thriving neighborhood known for its economic strength and rapid growth, this property is poised to capitalize on the flourishing rental demand. Its strategic location near major employers, renowned educational institutions, and proximity to Playa Del Rey offers a lifestyle of convenience and relaxation, further boosting its attractiveness to potential tenants.

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