8932 Ramsgate Avenue
Los Angeles, CA, 90045
$1,595,000
4 Beds
3 Baths
2,344 SqFt
0.16 Acres
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Westchester? Tree-lined Street? Multi-Family Compound? Vacant? Remodeled? Plus Seller-paid interest rate buydown? You got this right, capture this hot investment opportunity in the heart of Silicon Beach at 8932 Ramsgate Ave. An exquisitely well-maintained triplex -perfect for multi-generational living- sitting on a huge street-to-alley lot right by LAX, the beach and major businesses in Playa Vista, El Segundo, Culver City & Inglewood. Three attached bungalows with one bungalow being a 2-bedrooms and 1-bathroom and the other two bungalows being a 1-bedroom and 1-bathroom, all bungalows offer spacious living spaces and abundant natural light with flexible floor-plans, private backyard and garage parking to each one of them. So many upgrades including a brand new roof installed 2 years ago, plumbing and electrical improvements, luxurious floors, fresh paint, soundproof dual-pane double-windows, updated bathrooms and kitchens with quartz/granite countertops. All units are separately metered for gas/electricity, each one has its own laundry room inside and enjoy both front/back doors for a private bungalow-living sensation. Property can be delivered occupied with tenants or vacant, great for owner-occupied, investors or developers. The huge almost 7,000 sqft street-to-alley LAR3 zoned lot with TOC Tier3 allows for so many possibilities, from converting the existing garages to ADUs to building up to 6 ADUs in the back of lot, and from building an 8-unit brand new construction apartment building by right to building up to 16-unit brand new construction apartment building using density bonuses with 4 ADUs on top of that; even as a 100% affordable housing ED1 development, there’s a potential for up to 36 units with no parking requirements and an affordable stick on grade type construction. The street-to-alley flat lot allows for a larger size building and flexible floor-plans with the garage parking access being from the back, plenty of undergoing developments on Ramsgate and Reading Avenues drive by the street to feel it and see for yourself. Amazing prime and central location on the Westside of Los Angeles, an A1 centrally superior location that can’t be compromised. Short bike ride from the wetlands and ocean, 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. This fantastic one of a kind investment/development opportunity is located in the highly desirable and sought-after Westchester neighborhood nearby (~5min drive) LAX, LMU, HHLA Center, SoFi Stadium & LASED, The Forum, Intuit Dome, Westchester Village & Town Center, DownTown Westchester, Westfield CC Shopping Mall, Playa Vista Runway, Westchester Golf Course & Rec Center, restaurants, parks, schools, houses of worship; plus easy access to the 405/105/90 freeways for a straight shot (~10-20min drive) to Playa Del Rey, Marina Del Rey, Manhattan Beach, Venice, Santa Monica, Beverly/Hollywood Hills & DTLA among other places. Don’t miss out on this rare asset with tremendous upside potential. A Must See!
LISTING AGENT: Antoine Bitar
LISTING BROKERAGE: Jesse Weinberg
8932 Ramsgate Avenue
Los Angeles, CA

Property Details

Price:
$1,595,000
MLS #:
24467977
Status:
Active
Beds:
4
Baths:
3
Address:
8932 Ramsgate Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c29westchester
City:
Los Angeles
Listed Date:
Dec 12, 2024
State:
CA
Finished Sq Ft:
2,344
ZIP:
90045
Lot Size:
6,820 sqft / 0.16 acres (approx)
Year Built:
1950
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Schools

Interior

Appliances
Barbecue, Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
Fireplace Features
None
Flooring
Tile, Vinyl
Interior Features
Ceiling Fan(s)

Exterior

Garage Spaces
3.00
Parking Features
Concrete, Garage – Three Door, Private, Side by Side, Garage Door Opener
Parking Spots
3.00
Spa Features
Bath, Private
Stories Total
1
View
None

Financial

Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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