Est. cap rate

5.7%

Assumed rent, all units

$12,630/mo

Units

3

Price per unit

$443,333

Est. annual NOI

$75,780

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

Triplex

Bedrooms

6

Bathrooms

3

Building size

2,352 sqft

Lot size

6,823 sqft

Year built

1950

Stories

2

Garage spaces

3

Heating

Wall Furnace,See Remarks

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

View

None

Status

Active

Days on market

76

MLS #

244341802

About this property

Rare Westchester Triplex!! Ideal for First-Time Investors and/or Owner-Occupants! Incredible opportunity to own a well-maintained triplex in one of Los Angeles' most desirable neighborhoods. Located at 8812–8816 Ramsgate Avenue, this income-producing property features three spacious 2-bedroom, 1-bathroom units, with two units on the ground floor and one upstairs, making it an excellent opportunity for both seasoned investors and those looking to purchase their first multi-family property. One downstairs unit will be delivered vacant at the close of escrow, allowing a new owner to move in immediately while collecting rental income from the other two units. Two units are currently occupied on month-to-month leases, providing flexibility for future rental adjustments or long-term investment planning. This property also features a detached three-unit garage, offering excellent storage, parking, or the exciting possibility of future ADU conversion opportunities (buyer to verify with the City of Los Angeles). With the continued focus on increasing housing, the detached garage presents the potential to create additional rental units and maximize the property's income-producing capabilities. 8812–8816 Ramsgate Avenue presents an excellent opportunity for owner-occupant buyers and eligible for VA, FHA, and Conventional financing, making multi-family ownership more accessible! Major improvements have already been completed, including a brand-new roof (2025) and all-new electrical (2025) throughout the property. Unit 8814 has been recently remodeled with new flooring, fresh interior paint, updated kitchen cabinets, and modern countertops, while Unit 8816 features a new water heater, reducing immediate maintenance costs for the next owner. Perfectly situated just minutes from LAX, Silicon Beach, Loyola Marymount University, Playa del Rey, Marina del Rey, SoFi Stadium, shopping, dining, and major freeways, this property offers strong rental demand and exceptional long-term appreciation potential. Whether you're looking to house hack, purchase your first investment property, looking to expand your portfolio, or complete a 1031 exchange, this Westchester triplex offers an amazing opportunity combination of location, flexibility, recent upgrades, and immediate income potential. Opportunities like this don't come around often! Reach out to schedule your private showing today and take advantage of this great opportunity in a growing city!

Location

8816 Ramsgate Avenue

Los Angeles, Los Angeles, CA, 90045