Properties

Los Angeles, CA 90045 8716 Ramsgate Avenue

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Presented By: Don Favia with Realty Investment Advisors, Inc.;
  • MLS# 26639463
  • 01/16/2026
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  • Beds • 28
  • Baths • 8
  • SQFT • 10,500

Home Details

*CALL FOR OFFERS! NOW TOURING!* 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.
Presented By: Don Favia with Realty Investment Advisors, Inc.;

Interior Features for 8716 Ramsgate Avenue

Bedrooms

Total Bedrooms28

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths16

Other Interior Features

Common Walls1 Common Wall
Total Stories2

General for 8716 Ramsgate Avenue

Additional Parcels Y/NYes
Cap Rate7
CityLos Angeles
CountyLos Angeles
DirectionsSouth of Manchester Avenue
Full Baths
Gross Income557040
HOANo
LevelsMulti/Split
Living Area10500
Lot Size Square Feet13600
Lot Size UnitsSquare Feet
MLS AreaC29 - Westchester
Net Operating Income388214
New ConstructionNo
Number Of Units Total12
PostalCityLOS ANGELES
Property Attached Y/NYes
Property ConditionUpdated/Remodeled
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
Year Built1951
Year Built SourceAssessor
ZoningLAR3

Exterior for 8716 Ramsgate Avenue

Building Area Total10500
Lot Size Acres0.3122
Lot Size Area13600
Lot Size SourceAssessor
Number of Buildings4
Parking FeaturesNone
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $5,545,000
MLS#26639463
List Date 01/16/2026
Property Type Multi-Family
Phone 888.795.6274
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