8931 Ramsgate Avenue
$1,195,000
7,063 / 0.16
Description
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 duplex style build yield 4-6 large units. Located in the heart of Westchester,...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 duplex 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 additional ADUs by converting the existing rear garage. Buyer shall complete their own due diligence to determine the development potential.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 8931 Ramsgate Avenue
Zoning
LAR3
Parcel Number4125012014
AreaWestchester (C29)
Lot Size Area7063
Source Lot Size AreaVendor Enhanced
Assessor Parcel Number4125-012-014
DirectionsGoogle Maps: 8931 Ramsgate Ave. Los Angeles, CA 90045
LISTING UPDATED: 11/04/2024 09:23 AM
Property Details for 8931 Ramsgate Avenue
Status | Active |
---|---|
MLS # | 24-395379 |
Days on Market | 218 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.16 AC |
County | Los Angeles County |
Building Information for 8931 Ramsgate Avenue
Lot Size0.16 AC
Property Information for 8931 Ramsgate Avenue
Property History for 8931 Ramsgate Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8931 Ramsgate Avenue
Taxable ValueLand$765,550Additions$328,093Total$1,093,643
Tax Record2024$13,475 ($1,123 / month)
Home Facts
Total Finished SqFt1,786 SqFtAbove Grade Finished SqFt1,786 SqFtLot Size7,061 SqFtStyleDuplexYear Built1950ZoningLAR3CountyLOS ANGELESAPN4125-012-014
Schools near 8931 Ramsgate Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Westport Heights Elementary School PublicK to 5 | ||
Orville Wright Engineering And Design Magnet Public6 to 8 | ||
Wesm Health/Sports Medicine Public9 to 12 | ||
Open Charter Magnet School CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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