Listing by: Casey Lins, Kidder Mathews of California, Inc.
0 Beds
n/a Full bath
n/aSqFt
Pending
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.
Property Details | ||
---|---|---|
Price | $1,195,000 | |
Lot Size Area | 7063 | |
Lot Size Area Units | Square Feet | |
Acres | 0.1621 | |
Property Type | Land | |
View | City Lights | |
Geographic Data | ||
Directions | Google Maps: 8931 Ramsgate Ave. Los Angeles, CA 90045 | |
County | Los Angeles | |
Latitude | 33.955545 | |
Longitude | -118.382967 | |
Market Area | C29 - Westchester | |
Address Information | ||
Address | 8931 Ramsgate Avenue, Los Angeles, CA 90045 | |
Postal Code | 90045 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Kidder Mathews of California, Inc. | |
Listing Agent | Casey Lins | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 225 | |
MLS Status | Pending | |
Listing Date | May 22, 2024 | |
Listing Last Modified | Jan 6, 2025 | |
Tax ID | 4125012014 | |
MLS Area | C29 - Westchester | |
MLS # | 24395379 |
This information is believed to be accurate, but without any warranty.