The median home value in Los Angeles, CA is $1,160,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Los Angeles, CA is $1,160,000.
Approximately 45.51% of Los Angeles homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
Los Angeles real estate listings include condos, townhomes, and single family homes for sale.
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We are proud to present for sale a Fully Ready-to-Issue Development Opportunity for 45 Units in Prime Westchester! Near LAX and just off the Metro K Line Expansion (aka Crenshaw Line) and the coming LAX People Mover / Airport Metro Connector, the lot is near the existing Westchester / Veterans Metro Station. The property is in a Very Walkable location (per Walk Score) with Good Transit and is Bikeable, deep in a highly sought-after area surrounded by jobs and everything that your future tenants could desire. The 45 unit design includes around 28,528 SF of rentable square footage, with 9 ADUs and 8 restricted affordable units (or avoid the restricted affordable units and place the building under Rent Control), but mostly market rate units. The Project Design focused on efficiencies, forgoing internal parking (which is mitigated by the Metro K Line - there should be ample space on the alley-side of the building that may be able to fit up to 14 spaces), to be built on grade, with a very stacked layout. The majority of the units will be two bedrooms, with some one and three bedroom units throughout. The corner lot location and alley should also make for an easier time during construction. The property sits near the beach, Sofi Stadium, LAX, Santa Monica, Venice and so much more! The area is a strong rental marker with high income earners, but the property also qualifies for Tier 2 SAFMR, perfect for Section 8 tenants for the Affordable Units. The area has a neighborhood feel, close to major streets, but off the car-beaten path, with a lot of smaller developments all around! Listing includes two APNs: 4125-015-001 and 4125-015-002.
We are pleased to present 8931 Ramsgate Ave, a VACANT duplex located on 7,063 SF of LAR3 Tier 3 TOC zoned land! With the existing duplex (both 2 bed + 1 bath) being 100% vacant, there are numerous exit strategies that include the following: 1) Build 16 units + 4 ADUs utilizing the current RTI plans, 2) Renovate the existing Duplex + build new ADUs, 3) Utilize ED1 to construct 100% affordable housing project, or 4) Multiple duplex style build yield 4-6 large units. Located in the heart of Westchester, tenants will have ease of access to the 405FWY, numerous employment opportunities, Loyola Marymount University, Venice Beach, Santa Monica, El Segundo, and LAX. Ownership has plans in place for a market rate 16-unit + 2 ADU development that can be included in a sale. As a 100% affordable ED1 development, there's potential for up to 36 units with no parking requirements and an affordable stick on grade type construction. As a value-add project, a new owner can perform renovations on the existing units, both 2 bed + 1 bath units, and add additional ADUs by converting the existing rear garage. Buyer shall complete their own due diligence to determine the development potential.
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Based on information from CRISNet MLS as of 7/6/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
