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
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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.
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