Redeveloped 12-Unit Apartment
For Sale
$5,545,000
8716 Ramsgate, Los Angeles, CA 90045
Eight two-bedroom and four three-bedroom residences include in-unit washers and dryers.
Property Size10,500 SF
Days on Market17
Property Features for 8716 Ramsgate
General Information
Standard status
Active
Size
10,500 SF
Property subtype
Apartment
Financials
Cap Rate
7.33%
Gross Rent Multiplier
9.95
Units
Unit Mix
8 x 2BR, 4 x 3BR
Multifamily Units
12
Amenities
in-unit washer/dryer
Building Details
Building Size
10,500 SF
Year Built
1951
Year Renovated
2025
Listing Agency:
ALTC Realty
(626) 378-8007
Listed By:
Alan Lu · License #01514595
Source:
Evecap
Added: Jul 28
Changed: Aug 8
Last Checked: Aug 13 at 11:47AM
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 ALTC Realty
Investment Insights
Based on property information with market context.
8716 & 8722 Ramsgate Avenue is a 12-unit multifamily portfolio across a double lot and two adjacent parcels in Westchester. The property includes eight two-bedroom and four three-bedroom residences, each with modern finishes and in-unit washers and dryers. Four brand-new units were constructed as part of an extensive redevelopment completed in Summer of 2025.
The redevelopment replaced or modernized primary building systems, including plumbing, main sewer, electrical, HVAC, dual-pane windows, lighting, flooring, bathrooms, and kitchens. Exterior improvements include refreshed stucco and paint, updated stairways and railings, new paver hardscaping, and drought-tolerant landscaping. The property was reported at a 7.33% cap rate and 9.95x GRM on current in-place income.
The redevelopment replaced or modernized primary building systems, including plumbing, main sewer, electrical, HVAC, dual-pane windows, lighting, flooring, bathrooms, and kitchens. Exterior improvements include refreshed stucco and paint, updated stairways and railings, new paver hardscaping, and drought-tolerant landscaping. The property was reported at a 7.33% cap rate and 9.95x GRM on current in-place income.
Key Highlights
- 12‑unit multifamily portfolio across a double lot and two adjacent parcels
- Unit mix includes eight 2‑bedroom and four 3‑bedroom residences
- Four brand‑new units constructed as part of the redevelopment
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight two-bedroom and four three-bedroom residences include in-unit washers and dryers.
Where is this apartment building located?
The property is located at 8716 Ramsgate Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,545,000.
What are key features of this property?
This property features: 12‑unit multifamily portfolio across a double lot and two adjacent parcels; Unit mix includes eight 2‑bedroom and four 3‑bedroom residences; Four brand‑new units constructed as part of the redevelopment
