8738 Ramsgate Ave is a tremendously well-kept three-unit property in the Westchester neighborhood of Los Angeles with approximately 51% upside in potential rents, exclusively represented by JNM Realty. The two (2) buildings feature a unit mix of one (1) 1-bed/1-bath unit (800 sqft) and two (2) two-bed/one-bath units (1,000 sqft… Read More each). The units are all renovated featuring vinyl flooring, updated countertops and cabinetry, and renovated bathrooms. Each unit has an onsite parking space and its own water heater. Tenants are responsible to pay their own trash expenses. The building is easy to manage, requiring no onsite manager and no major attention. JNM Realty has managed this building since 2019 and is available to continue managing for an investor or hand the keys off to a buyer to self-manage or a manager of the buyer's choice. A stone's throw from LAX (Los Angeles International Airport), the property is surrounded by hotels, parking lots, and restaurants, with a 2-minute drive proximity to the 405 Freeway, providing ample employment access for current and future tenants. Listed at $1,350,000, the property is listed as the lowest price per square foot of all duplex and triplexes sold in the 90045 zip code in 2025. You're getting the most property for the lowest price along with a potential upside of 51% in Rents! Read Less
Property listed by JNM Realty, INC., Demis Dokhanian 310-746-5923
Listing Snapshot
Days Online
85
Last Updated
Property Type
Other
Beds
5
Square Ft.
3,128
Lot Size
0.16 Acres
Year Built
1952
MLS Number
25571375
30 Days Snapshot Of 90045
$1.93M
+15%
(avg) sold price
17
-32%
homes sold
79
+41%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1952, Building area total: 3,128, Levels: MultiSplit, Living area: 3128, 2 buildings
Heating
Central
Income
Gross income: $77,031, Net operating income: $41,527
Laundry
CommonArea
Lot
0.1566 acres, 6,820 square feet, Size: 6,820
Parking
3 totals parking, OneSpace, Uncovered
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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