Est. cap rate

6.2%

Assumed rent, all units

$13,520/mo

Units

4

Price per unit

$324,750

Est. annual NOI

$81,120

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,460 sqft

Lot size

5,933 sqft

Year built

1950

Stories

1

Garage spaces

4

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

306

MLS #

237409469

About this property

Welcome to 7019-7025 Ramsgate, a charming four-unit property offering cozy and functional living spaces. Each unit features a uniform layout with a welcoming living room, a galley-style kitchen, and a dedicated eating area. A hallway with ample storage closets leads to a full bath and a comfortable bedroom. Units 7019 and 7025 have been recently updated with new flooring, modernized kitchens, and refreshed bathrooms, with unit 7025 also benefiting from new windows. Enjoy the shared back patio with a shared laundry area, convenient garage parking (one spot per unit) plus a driveway spot, and a grassy area at the front of each unit. With in-wall heaters, no HOA fees, this property offers a great blend of convenience and comfort.

Location

7019 Ramsgate Avenue

Los Angeles, Los Angeles, CA, 90045