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9033, 9037 & 9043 Ramsgate Ave
SoldMultifamily

9033, 9037 & 9043 Ramsgate Ave

Sold | $3.55M

Westchester, CA 90045 | Closed 2/22/2024

Sold
9033, 9037 & 9043 Ramsgate Ave

Don Favia

Sr. Vice President | Realty Investment Advisors

dfavia@riacre.com | 424-377-6002

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Property Highlights

12

Units

2024

Year Sold

Three Buildings. One Problem. Clean Exit.

Three fourplexes on Ramsgate, all part of the same development portfolio we sold in 2018. Same situation: purchased for ground-up, market turned, and the owner needed out before things got worse. We handled all three sales simultaneously. Coordinated the buyers, aligned the closings, and got the owner clear of the position. Twelve units total, three separate transactions, closed within days of each other.

Transaction Highlights

  • 3 fourplexes, 12 units total. Same seller, same timeline.
  • Originally sold by us in 2018 as part of a development play
  • Coordinated three simultaneous sales for a clean portfolio exit
  • Prevented a distressed situation from getting worse
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