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1236 W Gage Ave Los Angeles, CA 90044

$970,000 Sold Price as of 07/30/2020

10 Beds
6 Baths
3,650 Sq.Ft.

Sold

$970,000 Sold Price as of 07/30/2020 Refinance Your Mortgage

Map preview of 1236 W Gage Ave, Los Angeles, CA 90044

Property Overview: 1236 W Gage Ave Los Angeles, CA has 10 bedrooms, 6 bathrooms, 3,650 living square feet and 6,335 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Brand new 2 unit investment property available for a real estate investor or homeowner looking to live in one unit and rent the other. Located in the heart of South Los Angeles, the Slauson Super Mall, Budlong Avenue Elementary School, Augustus Hawkins High School, 110 Freeway, and generous options for restaurants are a short distance away. There is plenty of parking with a 2 car garage and spacious driveway. Both units (5BR/3BA) are separately metered for water/electricity, come with brand new stove/oven, miniblinds, and washer & dryer hookups.

Listed by Keegan Olsen | BRE #02096850 | Olsen Realty

Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft: 6,335
HOA Dues: $0/mo
Year built: 2020
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: OC20124458
City: Los Angeles
County: Los Angeles
Time on Site: 1249 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 2

Unit Breakdown 1

# of Units: 2
# of Beds: 5
# of Baths: 3
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $6,400

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 5.54%
Gross Rent Multiplier: 13.43
Gross Scheduled Income: $76,800
Net Operating Income: $54,275
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $18,685
Electric: $0
Gas/Fuel: $0
New Taxes: $11,508
Trash: $0
Gardener: $720
Insurance: $1,278
Maintenance: $730
Professional Management: $3,720
Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 1236 W Gage Ave

Interior Features

Laundry Information

Has Laundry
Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 2

Lot Information

Lot Features: Lawn
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 2
Parcel Number: 6003033005
Year Built Source: Builder
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Directions: Right on Normandie Ave onto W Gage Ave

Neighborhood Information

Community Features: Sidewalks, Urban

View more facts & features

Local Los Angeles Agent

Sale History for 1236 W Gage Ave

Last sold for $970,000 on July 30th, 2020

July, 2020
Jul 30, 2020

Date

Sold

CRMLS: OC20124458

$970,000

Price
Jul 10, 2020

Date

Pending

CRMLS: OC20124458

$980,000

Price
Jun 29, 2020

Date

Active

CRMLS: OC20124458

$980,000

Price
July, 2020
Jul 30, 2020

Date

Sold (Public Records)

Public Records

$970,000

Price
May, 2019
May 31, 2019

Date

Sold

CRMLS: CV19110563

$380,000

Price
May 20, 2019

Date

Pending

CRMLS: CV19110563

$399,900

Price
May 18, 2019

Date

Hold

CRMLS: CV19110563

$399,900

Price
May 18, 2019

Date

Active

CRMLS: CV19110563

$399,900

Price
May 17, 2019

Date

Hold

CRMLS: CV19110563

$399,900

Price
May 13, 2019

Date

Active

CRMLS: CV19110563

$399,900

Price
Listing provided courtesy of CRMLS

Amazing opportunity!!! Title shows 2 bed, 1 bath, property has physically 4 bedrooms 2.5 bath!! Property is perfect for 2 families or a big family. Front portion of the home has 2 bedrooms and 1 full bath. Back portion is 2 bedrooms 1.5 bath with living room and own entrance!! Washer and dryer are inside home in the back portion. Owners been in this property for about 30 years they have maintained property very well. You have wood floor in living room and 2 of the bedrooms in the front! Big kitchen with lost of cabinets and granite counter tops!! You have many fruit trees in the back yard, avocados, apples, grapefruit just to name a few!! Property has newer central air. So much potential Zoning LAR2!! Close to Food 4 less, The Home Depot, Walgreens, Slauson Super Mall, Augustus Hawkins High School, Horace Mann Middle School, The Forum less than 15 mins away!! LAX less than 20 minutes!

Continue Reading
May, 2019
May 31, 2019

Date

Sold (Public Records)

Public Records

$380,000

Price

Tax History for 1236 W Gage Ave

Assessed Value (2020): $387,600

Year	Land Value	Improved Value	Assessed Value
2020	$310,080	$77,520	$387,600

Home Value Compared to the Market

This property vs the competition

1236 W Gage Ave sold on July 30, 2020 for 13.27% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $268.49 per/sqft which puts the price per square foot 64.39% lower than the current median sale per square foot for the city of Los Angeles.

About 1236 W Gage Ave

Detailed summary of property

1236 W Gage Ave is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 3,650 living square feet, and sits on an approximately 6,335 square foot lot. 1236 W Gage Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $970,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 13.27% lower than the current median priced home. Local homes that are currently for sale include 1701 W Florence Ave, 5860 Estrella Ave and 6207 S Figueroa St. While the average home in Los Angeles, CA is selling in 97 days, 1236 W Gage Ave has a days on market of 8 days. There are currently 3891 homes for sale in the Los Angeles real estate market and 2627 of them are single family homes while 1154 of them are condos and 103 are townhomes. For more information on this home for sale at 1236 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 1236 W Gage Ave

Public county record property details

Beds: 2
Baths: 1
Year built: 1921
Sq. Ft.: 728
Lot Size: 6,335
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 281
APN: 6003-033-005

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.

$521

Median Sold Price

$680,000

Median Sold Price/Sq.Ft.

$513

Total Inventory

Median Sale to List Price %

104.62%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (41.67%), VA (0%), Cash (16.67%), Other (4.17%)

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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.