' d='M31.6,3.5C5.9,13.6-6.6,42.7,3.5,68.4c10.1,25.7,39.2,38.3,64.9,28.1l-3.1-7.9c-21.3,8.4-45.4-2-53.8-23.3 c-8.4-21.3,2-45.4,23.3-53.8L31.6,3.5z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='2s' from='0 50 50' to='360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3cpath
fill='rgba(10, 36, 65, 1)' d='M42.3,39.6c5.7-4.3,13.9-3.1,18.1,2.7c4.3,5.7,3.1,13.9-2.7,18.1l4.1,5.5c8.8-6.5,10.6-19,4.1-27.7 c-6.5-8.8-19-10.6-27.7-4.1L42.3,39.6z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='1s' from='0 50 50' to='-360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3cpath
fill='rgba(10, 36, 65, 1)' d='M82,35.7C74.1,18,53.4,10.1,35.7,18S10.1,46.6,18,64.3l7.6-3.4c-6-13.5,0-29.3,13.5-35.3s29.3,0,35.3,13.5 L82,35.7z'%3e%3canimateTransform attributeName='transform' attributeType='XML' type='rotate' dur='2s' from='0 50 50' to='360 50 50' repeatCount='indefinite' /%3e%3c/path%3e%3c/svg%3e)
A 4-unit Property 9028 Ramsgate Avenue, Westchester, CA 90045
Garden/Low Rise
Property Description
This 4-Unit property features a newer roof, separate water heaters, newer garage doors, individual laundry hook ups, a nice landscape, and legitimate rental upside. The building is located close to major employment centers such as LAX and minutes from the LMU campus.
Area Description
The property is located approximately 1/2 mile south of Manchester Avenue and less than 1/2 mile west of Aviation Blvd.
Highlights
Nice Curb Appeal
Newer Roof
Separate Water Heaters
Newer Garage Doors
Individual Laundry Hook Ups
Nice Landscape
Legitimate Rental Upside
Close to Major Employment Centers
Minutes to LMU Campus
Full Address: 9028 Ramsgate Avenue, Westchester, CA 90045
Listing Type: FOR SALE
Status: Sold
Building Class: B
Zoning: LAR3
Region: W-WP
County: Los Angeles County
Closest Cross Streets: South of Manchester Avenue, west of Aviation Blvd.
Use Type: Investment
Property ID: 126720
Has Water: Yes
Has Electric: Yes
Gas: Yes
Water: Yes
Broadband: Yes
Has Gas: Yes
Building Sf: 2829
Number Units: 4
Number Buildings: 1
Financial Terms: 30 Year Fixed
Year Built: 1950
Free Standing: Yes
Commission Comments: 2.5% to selling agent
Cap Rate: 3.99
Nice Curb Appeal
Newer Roof
Separate Water Heaters
Newer Garage Doors
Individual Laundry Hook Ups
Nice Landscape
Legitimate Rental Upside
Close to Major Employment Centers
Minutes to LMU Campus
Average Monthly Rent - 2 bed, 1 bath: 954
Average Monthly Rent - 1 bed, 1 bath: 927
Average Monthly Rent - 1 bed, 1 bath: 950
Average Monthly Rent - 1 bed, 1 bath: 735
Cash Flow Type: Actual
Cf Op Expenses: 16780
Cf Effective Gross: 40652
D Amortization: 30
Cf Year: 2012
D Due: 30 Years
D Interest Rate: 5
Cf Sched Income: 42792
Cf Net Op Income: 23872
Debt Type: Proposed
Cf Vacancy: 5