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1226 W Gage Ave, Los Angeles, CA 90044
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1226 W Gage Ave Los Angeles, CA 90044

$1,250,000 Sold Price as of 02/23/2024
  • 8 Beds
  • 3 Baths
  • 2,833 Sq.Ft.
Sold
$1,250,000 Sold Price as of 02/23/2024 Refinance Your Mortgage
Map preview of 1226 W Gage Ave, Los Angeles, CA 90044

Property Overview: 1226 W Gage Ave Los Angeles, CA has 8 bedrooms, 3 bathrooms, 2,833 living square feet and 6,336 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this vacant 3-unit property located in the heart of South Los Angeles. The completely renovated duplex consists of two (2) 2-bedroom, 1-bath units, each just over 800 square feet, and one (1) detached 1200-square-foot brand-new construction accessory dwelling unit with 4 bedrooms and 2 baths. Each unit is equipped with a brand-new HVAC system, double-pane windows, a tankless water heater, and washer/dryer hook-ups. All units feature white shaker cabinets, quartzite countertops, stainless steel appliances, and luxury waterproof flooring. Each unit has its separate gas and electric meters. A paid-off solar system has been installed on the ADU. There is a long driveway that can accommodate 4-5 cars. The lot perimeter is secured with block walls and a wrought-iron gate. Potential gross rents can range from $9,000 to $10,000, achieving a high cap rate. It's conveniently located near public transportation and major freeways.

Listed by Ashkan Etemad-Sadati | BRE #01994702 | Re/Max Luxe
Last checked: 15 minutes ago | Last updated: February 24th, 2024 | Source CRMLS | DOM: 90

Home details

Lot Sq. Ft
6,336
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
SR23196169
City
Los Angeles
County
Los Angeles
Time on Site
208 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 0
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1226 W Gage Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Kitchen, Washer Hookup
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Sprinklers In Rear, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 6003033007
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: S Normandie Ave, On West Gage
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1226 W Gage Ave

Last sold for $1,250,000 on February 23rd, 2024

  • February, 2024

  • Feb 23, 2024

    Date

    Sold

    CRMLS: SR23192982

    $1,250,000

    Price

  • Oct 21, 2023

    Date

    Active

    CRMLS: SR23192982

    $1,299,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2024

  • Feb 23, 2024

    Date

    Sold

    CRMLS: SR23196169

    $1,250,000

    Price

  • Oct 21, 2023

    Date

    Active

    CRMLS: SR23196169

    $1,299,000

    Price

  • March, 2022

  • Mar 30, 2022

    Date

    Active Under Contract

    CRMLS: RS22015590

    $499,900

    Price

  • Listing provided courtesy of CRMLS

    Great opportunity to own a duplex in the Van Ness Hyde Park area close to SoFi stadium, the Forum, and Hollywood Park Casino and between the 110 and 405 freeways. Cash only! Side by side 1 bedroom 1 bath units with water damage from a roof leak, detached garage with lots of parking and yard space, huge brand new construction duplex right next door, newer construction on this block, rents and expenses are estimated, we also have 1242-44 W Gage for sale which is another multiple unit property on the market now. 1215 Gage is a beautiful SFR available now, 1216 Gage is another SFR also available. Both units are vacant.

  • July, 2011

  • Jul 26, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 1972

  • May 26, 1972

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1226 W Gage Ave

Assessed Value (2020): $36,924
Year Land Value Improved Value Assessed Value
2020 $24,848 $12,076 $36,924

Home Value Compared to the Market

This property vs the competition

1226 W Gage Ave sold on February 23, 2024 for 4.12% higher 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 $437.35 per/sqft which puts the price per square foot 42.07% lower than the current median sale per square foot for the city of Los Angeles.

About 1226 W Gage Ave

Detailed summary of property

1226 W Gage Ave is a triplex that recently sold in Los Angeles, CA 90044. This triplex offered 8 bedrooms, 3 bathrooms, roughly 2,833 living square feet, and sits on an approximately 6,336 square foot lot. 1226 W Gage Ave was first listed on ArdentRealEstateGroup.com on October 21, 2023. The homeowner sold the property for $1,250,000. 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 4.12% higher than the current median priced home. Local homes that are currently for sale include 1652 W 81st St, 441 W 79th St and 138 W 66th St. While the average home in Los Angeles, CA is selling in 94 days, 1226 W Gage Ave has a days on market of 90 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1226 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 1226 W Gage Ave

Public county record property details
Beds
2
Baths
2
Year built
1921
Sq. Ft.
1,510
Lot Size
6,335
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
283
APN
6003-033-007

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
$669,000
Median List Price/Sq.Ft.
$516
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
79
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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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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