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7133 Ramsgate Ave

Los Angeles, CA 90045
  • $2,499,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 21-112051
UPDATED: 62 min ago
$2,499,000
  • 6
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,900
    SQFT
  • $641
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Ratings & Info

Description

Westchester's Finest Fourplex, a brand new fully remodeled and 100% vacant masterpiece estate sitting among tropical garden. Prime investment opportunity for investors to hold and collect massive income (call for more info), or tear-down and develop a beautifully designed Modern Spanish 10 units building (demo-permit in hand and city approved building plans are available with the sale) in an A1 centrally superior location that can't be compromised. Gated oasis compound on a beautiful tree-lined street in quite Westchester Triangle neighborhood, amazing prime and central location on the Westside of Los Angeles. Huge deep lot with over 25 mature trees, 100ft high palm trees, lemon, blackberries, mint, flowering, Hawaiian trees, etc. Short bike ride from the wetlands and beach, nice walk to Central Park PV and Bluff Creek trails, right by Kenneth Hahn State Rec Area for jaw-drop views while hiking or biking. A truly paradise estate in astonishing nature with a vacation feeling and relaxed suburbs vibe. Elevated property offering great views of the surrounding hills and canyons landscape. All units are separately metered for gas/electricity and enjoy both front/back doors for a private bungalow-living sensation. Live in the luxurious spacious front unit while renting the rest of property for extra income, or rent out the whole property for max rental income. Check with city to convert the current ~1,100 sqft four-car garages into fully permitted two ADU-JADU for a total of 6 units on sight. Demo-Permit in hand, amazing opportunity to build a 10-units apartment building by right market rates, or a 15-units apartment building utilizing LAMC 12.22A25 density bonus with setting aside 3 units for affordable housing. This fantastic one of a kind investment/development opportunity is located in the highly desirable and sought-after Westchester neighborhood of west side Los Angeles nearby (~5min drive) LAX, LMU, HHLA Center, SoFi LASED, The Forum, Westchester Village & Town Center, Westfield CC Shopping Mall, Playa Vista Runway, Kenneth Hahn State Rec Area, Westchester Golf Course & Rec Center, restaurants, parks, schools, houses of worship and walking distance (~5min walk) to everything needed at Ladera Center Shopping Mall & The Interchange @ La Cienega; plus easy access to the 405/105/90 freeways for a straight shot (~10-20min drive) to Ballona Wetlands, Pacific Ocean, Playa Del Rey, Marina Del Rey, Venice, Santa Monica, Beverly/Hollywood Hills & DTLA among other places. Calling all investors, developers, flippers, and owners/users who are looking to invest and expand or build their State-of-the-art 10 NON-RENT CONTROL Luxurious Units Apartment Building With 360-Degree Amazing Views Rooftop Deck (Astonishing portfolio addition that's worth at $12M after construction value). The property is delivered vacant, shovel-ready and comes with a city-approved set of plans to build a beautifully designed Modern Spanish building. Seller will provide the original plans, survey, and soils report at the COE. Don't miss out on this rare opportunity with tremendous upside potential. A Must See!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T23:42:53.51. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/124128373
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7133 Ramsgate Ave Los Angeles, CA 90045

  • Price: $2,499,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 62 min ago
  • MLS #: 21-112051
6
Beds
0
Baths
0
½ Baths
0.19
Acres
3,900
SQFT
$641
$/SQFT
1950
Built
Neighborhood:
Westchester
County:
Los Angeles
Area:
Westchester
Property Description
Westchester's Finest Fourplex, a brand new fully remodeled and 100% vacant masterpiece estate sitting among tropical garden. Prime investment opportunity for investors to hold and collect massive income (call for more info), or tear-down and develop a beautifully designed Modern Spanish 10 units building (demo-permit in hand and city approved building plans are available with the sale) in an A1 centrally superior location that can't be compromised. Gated oasis compound on a beautiful tree-lined street in quite Westchester Triangle neighborhood, amazing prime and central location on the Westside of Los Angeles. Huge deep lot with over 25 mature trees, 100ft high palm trees, lemon, blackberries, mint, flowering, Hawaiian trees, etc. Short bike ride from the wetlands and beach, nice walk to Central Park PV and Bluff Creek trails, right by Kenneth Hahn State Rec Area for jaw-drop views while hiking or biking. A truly paradise estate in astonishing nature with a vacation feeling and relaxed suburbs vibe. Elevated property offering great views of the surrounding hills and canyons landscape. All units are separately metered for gas/electricity and enjoy both front/back doors for a private bungalow-living sensation. Live in the luxurious spacious front unit while renting the rest of property for extra income, or rent out the whole property for max rental income. Check with city to convert the current ~1,100 sqft four-car garages into fully permitted two ADU-JADU for a total of 6 units on sight. Demo-Permit in hand, amazing opportunity to build a 10-units apartment building by right market rates, or a 15-units apartment building utilizing LAMC 12.22A25 density bonus with setting aside 3 units for affordable housing. This fantastic one of a kind investment/development opportunity is located in the highly desirable and sought-after Westchester neighborhood of west side Los Angeles nearby (~5min drive) LAX, LMU, HHLA Center, SoFi LASED, The Forum, Westchester Village & Town Center, Westfield CC Shopping Mall, Playa Vista Runway, Kenneth Hahn State Rec Area, Westchester Golf Course & Rec Center, restaurants, parks, schools, houses of worship and walking distance (~5min walk) to everything needed at Ladera Center Shopping Mall & The Interchange @ La Cienega; plus easy access to the 405/105/90 freeways for a straight shot (~10-20min drive) to Ballona Wetlands, Pacific Ocean, Playa Del Rey, Marina Del Rey, Venice, Santa Monica, Beverly/Hollywood Hills & DTLA among other places. Calling all investors, developers, flippers, and owners/users who are looking to invest and expand or build their State-of-the-art 10 NON-RENT CONTROL Luxurious Units Apartment Building With 360-Degree Amazing Views Rooftop Deck (Astonishing portfolio addition that's worth at $12M after construction value). The property is delivered vacant, shovel-ready and comes with a city-approved set of plans to build a beautifully designed Modern Spanish building. Seller will provide the original plans, survey, and soils report at the COE. Don't miss out on this rare opportunity with tremendous upside potential. A Must See!
Exterior Features

Lot Size Area 8250 Other Structures Accessory BldgsCabana Parking Garage Above Street LevelBuilt-In StorageControlled EntranceDriveway - ConcreteDriveway GateGarage - 4+ CarGarage Is AttachedGatedOversizedParking For Guests - OnsitePrivate GarageSide By Side Total Parking 6

Interior Features

Baths Total 4.00 Cooling Air ConditioningCeiling FanWall Unit(S) Equipment BarbequeBuilt-InsDryerFreezerGarbage DisposalHood FanIntercomMicrowaveNetwork WireOtherRange/OvenRecirculated Exhaust FanRefrigeratorVented Exhaust FanWasherAlarm SystemIce MakerCeiling Fan Heating Floor FurnaceWall Gas

Property Features

Gross Income 270000 Gross Operating Income 270000 Like Units1 2 Like Units2 2 Net Operating Income 200000.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Estimated Source Lot Size Area Developer Source Lot Size Dimensions Developer Total Annual Expense 70000 Type Of Units Ca Bungalows Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Antoine Bitar DRE#01997840 of Jesse Weinberg.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-21T23:42:53.51. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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