Los Angeles, CA 90045 8931 Ramsgate Avenue
$1,250,000
4 more
Presented By: Casey Lins with Kidder Mathews of California, Inc.;
Home Details
We are pleased to present 8931 Ramsgate Ave, a VACANT duplex located on 7,063 SF of LAR3 Tier 3 TOC zoned land! With the existing duplex (both 2 bed + 1 bath) being 100% vacant, there are numerous exit strategies that include the following: 1) Build 16 units + 4 ADUs utilizing the current RTI plans, 2) Renovate the existing Duplex + build new ADUs, 3) Utilize ED1 to construct 100% affordable housing project, or 4) Multiple duplex style build yield 4-6 large units. Located in the heart of Westchester, tenants will have ease of access to the 405FWY, numerous employment opportunities, Loyola Marymount University, Venice Beach, Santa Monica, El Segundo, and LAX. Ownership has plans in place for a market rate 16-unit + 4 ADU development that can be included in a sale. As a 100% affordable ED1 development, there's potential for up to 36 units with no parking requirements and an affordable stick on grade type construction. As a value-add project, a new owner can perform renovations on the existing units, both 2 bed + 1 bath units, and add additional ADUs by converting the existing rear garage. Buyer shall complete their own due diligence to determine the development potential.
Presented By: Casey Lins with Kidder Mathews of California, Inc.;
Interior Features for 8931 Ramsgate Avenue
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
General for 8931 Ramsgate Avenue
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market104
DirectionsGoogle Maps: 8931 Ramsgate Ave. Los Angeles, CA 90045
Full Baths
Garage Y/NNo
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet7063.0
Lot Size UnitsSquareFeet
MLS AreaC29 - Westchester
MobileHomeRemainsYNNo
New ConstructionNo
Private PoolNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
ViewCityLights
View Y/NYes
Waterfront Y/NNo
ZoningLAR3
Exterior for 8931 Ramsgate Avenue
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1621
Lot Size Area7063.0
Open Parking Y/NNo
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480