Benjamin J. Hsiang
This listing was posted on Benjamin J. Hsiang (via ListedBuy).
$2,800,000
8911 Ramsgate Avenue, Los Angeles, CA 90045
Price:
$2,800,000
BR/BA:
8 BR, 4 BA
View Map
Description:
Presenting a rare opportunity for a developer to acquire a development deal in the highly sought-after Westchester neighborhood. This property is located at 8911-8917 Ramsgate Ave and has received a Letter of Determination for 30 buildable units. There are two vacant duplexes consisting of all two bedroom one bath units on the property. This development can be purchased individually, or as part of a combined 288 buildable unit portfolio within a quarter-mile radius with a total asking price of $24,725,000. This location is strategically situated just minutes from the world-renowned LAX airport, surrounded by major employers such as Google, Northrop Grumman, and Boeing, making it an ideal location for those seeking employment opportunities. The area also offers easy access to So Fi Stadium, home to the Los Angeles Rams and Chargers, which has become a major entertainment destination that hosts a variety of events throughout the year. A few miles west is Playa Del Rey, a vibrant beach town offering a relaxed atmosphere, access to the beach, and a variety of local shops and restaurants. Loyola Marymount University, one of the top private universities in the region, is also less than three miles away, adding a strong educational element to the area. Additionally, located just southwest of Westchester, El Segundo is a booming city home to the headquarters of several major corporations, including Mattel, Raytheon, and Space X. The average household income within two miles of this property assemblage exceeds $100,000, reflecting the tremendous economic strength of the area. In 2022, Google leased nearly 53,000 square feet of space in Playa Vista, indicating the strong potential for growth and development in the area. This unique investment opportunity is not to be missed by developers and institutions looking to quickly expand their ground-up portfolio and capitalize on the unlimited potential of this central area. With the acute housing shortage. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
3,382 sq. ft.
For sale by:
Agent/Broker
Agent Name:
Benjamin J. Hsiang
Posted:
September 29 2023 on ListedBuy
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to Benjamin J. Hsiang (via ListedBuy)
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: 8911 Ramsgate Avenue, Los Angeles, CA 90045
8911 Ramsgate Avenue, Los Angeles, CA 90045 is a Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 8911 Ramsgate Avenue in Los Angeles CA. Find other listings like 8911 Ramsgate Avenue, Los Angeles, CA 90045 and listings near 8911 Ramsgate Avenue by searching Oodle Classifieds for Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Los Angeles CA.
8911 Ramsgate Avenue, Los Angeles, CA 90045 is a Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale at 8911 Ramsgate Avenue in Los Angeles CA. Find other listings like 8911 Ramsgate Avenue, Los Angeles, CA 90045 and listings near 8911 Ramsgate Avenue by searching Oodle Classifieds for Eight Bedroom 4.5 Bath Multi-Family Real Estate for Sale in Los Angeles CA.