4-Unit Property with
7013 Ramsgate Pl, Los Angeles, CA 90045
For Sale
$1,399,000
Four residential units include separate utilities, dedicated parking, and access to shared laundry facilities.
Property Size2,988 SF
Price / SF$468.21
Days on Market51
Property Features for 7013 Ramsgate Pl
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
community laundry facilities
backyard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
The Hills Premier Realty
Listed By:
Melissa Knight · License #01184594
(310) 497-4125
Source:
Benbelack
Added: Sep 20
Changed: Nov 2
Last Checked: Nov 8 at 12:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Hills Premier Realty
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Investment Insights
Based on property information with market context.
This 2,988-square-foot quadplex, built in 1952, includes one two-bedroom, one-bath residence and three one-bedroom, one-bath residences. Two units are expected to be delivered vacant. Each residence has its own water heater, while electric and gas service are separately metered. Dedicated parking serves the units, and some residences have been renovated. A shared laundry area with a washer and dryer is also provided.
The property is located at 7013 Ramsgate Pl in Los Angeles and is near Loyola Marymount University, SoFi Stadium, Intuit Dome, YouTube Theater, Playa Vista, and LAX. Shopping centers, restaurants, and major freeways are also nearby. Outdoor space includes a backyard with mature trees.
The property is located at 7013 Ramsgate Pl in Los Angeles and is near Loyola Marymount University, SoFi Stadium, Intuit Dome, YouTube Theater, Playa Vista, and LAX. Shopping centers, restaurants, and major freeways are also nearby. Outdoor space includes a backyard with mature trees.
Key Highlights
- Four units: one 2‑bedroom, 1‑bath and three 1‑bedroom, 1‑bath residences
- 2,988‑square‑foot property built in 1952
- Two units to be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,181
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,043,620
$1.0M
Cap Rate 7%
$745,443
$745.4K
Cap Rate 9%
$579,789
$579.8K
Market Conditions
NOI Build-Up for 2,988 SF
Gross rent
$80.7K $27.00/SF
− Vacancy
−$6.1K −$2.05/SF
EGI
$74.5K $24.95/SF
− OpEx
−$22.4K −$7.48/SF
NOI
$52.2K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,043,620
Cap Rate 7%
$745,443
Cap Rate 9%
$579,789
Alternative Uses
Best Use
Multifamily LT 5
$745.4K
$652.3K – $869.7K
NOI $52,181 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$686.8K
$601.0K – $801.3K
NOI $48,079 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,327 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
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Business Placement
Demographics for 90045, CA
41,035
Population
17,981
Households
2.3
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
10.8 sq mi
ZIP Area
3,800
Density / Sq Mi
$132,577
Median Household Income
$68,684
Median Earnings
$2,909
Median Rent
$1,322,700
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles, CA
Properties on Market for Quadplexes in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units include separate utilities, dedicated parking, and access to shared laundry facilities.
Where is this quadplex located?
The property is located at 7013 Ramsgate Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four units: one 2‑bedroom, 1‑bath and three 1‑bedroom, 1‑bath residences; 2,988‑square‑foot property built in 1952; Two units to be delivered vacant
