
Los Angeles, California 90045
This Westchester Triplex represents a Strong Value Opportunity, listed at $1,349,999—positioned well below the $1,456,898 Fair Market Value by 7%. This valuation gap offers $106,899 in Instant Equity. Featuring a Good Condition Rating with a 2025 roof and electrical upgrades, the property offers immediate income potential and ADU conversion possibilities via the detached garage. Ideally located near Silicon Beach and LAX, this asset is perfect for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8812 8816 Ramsgate Avenue Subject | $1,349,999* List Price | 6 | 3 | 2,352 | $619 | - |
A 8420 Glider Avenue Sold | $1,364,000 | 4 | 5 | 2,058 | $663 | 0.4 mi |
B 8420 Glider Avenue Sold | $1,364,000 | 0 | 0 | 2,058 | $663 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1950, the property has undergone significant recent capital improvements including a brand-new roof (2025) and all-new electrical systems (2025). Interior photos show one unit has been recently remodeled with modern laminate flooring, updated kitchen countertops, and refreshed bathrooms with new vanities. The combination of new major systems and move-in ready interiors elevates this from fair to good condition.
The property features significant high-ticket upgrades including a brand-new roof and all-new electrical systems installed in 2025, drastically reducing immediate capital expenditure for the buyer.
The detached three-unit garage offers a clear path for ADU conversion, providing a strategic opportunity to increase the unit count and maximize the property's total rental yield.
Located in the high-demand Westchester area near Silicon Beach, LAX, and LMU, the property benefits from a low vacancy risk and strong long-term appreciation potential.
Due to the 1950 construction date, the property is likely subject to the Los Angeles Rent Stabilization Ordinance (RSO), which limits annual rent increases and complicates tenant relocation.
Utilizing the garage for an ADU conversion would eliminate all covered parking and dedicated storage, which could be a competitive disadvantage for attracting premium tenants.
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!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-6 • 0.9 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,352 | 2,187.451 |
| Lot Size | 6,823 | 5,841.385 |
| Price | $1.35M | $841.5K |
| Price per sq ft | $574 | $385 |
| Built year | 1950 | 1928 |
| HOA | $0 | $0 |
| Days on market | 71 | 85 |
Jun 30, 2026
$1,349,999
Initial Listing
Sep 24, 2024
$1,175,000
Public Record
Sep 7, 2001
$362,000
Public Record
Jul 8, 1998
$285,000
Public Record