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1207 W Gage Ave, Los Angeles, CA 90044
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1207 W Gage Ave Los Angeles, CA 90044

$625,000 Sold Price as of 06/30/2023
  • 3 Beds
  • 2 Baths
  • 1,814 Sq.Ft.
Sold
$625,000 Sold Price as of 06/30/2023 Refinance Your Mortgage
Map preview of 1207 W Gage Ave, Los Angeles, CA 90044

Property Overview: 1207 W Gage Ave Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,814 living square feet and 6,229 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Don't miss this Investment Property opportunity - Live in one unit and rent out the other - OR - Build an all new structure and include new ADU option to maximize your investment. Either way this is a great buy!

Listed by George Pamilton | BRE #01906924 | Pamilton Properties
Last checked: 25 seconds ago | Last updated: July 3rd, 2023 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
6,229
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23258481
City
Los Angeles
County
Los Angeles
Time on Site
405 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $650
  • Total Rent: $650
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $875
  • Total Rent: $875
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 34.18
  • Gross Scheduled Income: --
  • Net Operating Income: $14,300
  • Gross Operating Income: $18,300
Annual Expense Breakdown
  • Total Operating Expense: --
  • Water/Sewer: $3,400

Property Details for 1207 W Gage Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Property Information
  • Total # of Units: 1
  • Parcel Number: 6003028016
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: On Gage Ave - East of Normandie - West of Vermont
View more facts & features

Local Los Angeles Agent

Sale History for 1207 W Gage Ave

Last sold for $625,000 on June 30th, 2023

  • June, 2023

  • Jun 30, 2023

    Date

    Sold

    CRMLS: 23258481

    $625,000

    Price

  • Apr 10, 2023

    Date

    Active

    CRMLS: 23258481

    $625,500

    Price

Tax History for 1207 W Gage Ave

Assessed Value (2020): $64,944
Year Land Value Improved Value Assessed Value
2020 $47,492 $17,452 $64,944

Home Value Compared to the Market

This property vs the competition

1207 W Gage Ave sold on June 30, 2023 for 47.44% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $344.82 per/sqft which puts the price per square foot 54.33% lower than the current median sale per square foot for the city of Los Angeles.

About 1207 W Gage Ave

Detailed summary of property

1207 W Gage Ave is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 3 bedrooms, 2 bathrooms, roughly 1,814 living square feet, and sits on an approximately 6,229 square foot lot. 1207 W Gage Ave was first listed on ArdentRealEstateGroup.com on April 12, 2023. The homeowner sold the property for $625,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 47.44% lower than the current median priced home. Local homes that are currently for sale include 444 W Gage Ave, 440 W Gage Ave and 443 W 71st St. While the average home in Los Angeles, CA is selling in 93 days, 1207 W Gage Ave has a days on market of 38 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 1207 W Gage Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1207 W Gage Ave

Public county record property details
Beds
3
Baths
2
Year built
1922
Sq. Ft.
1,814
Lot Size
6,229
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
242
APN
6003-028-016

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,000
Median List Price/Sq.Ft.
$516
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
78
Median Sale to List Price %
105.57%
Avg Days on Market
76
Loan Type
Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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