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1620 E Gage Ave, Los Angeles, CA 90001
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1620 E Gage Ave Los Angeles, CA 90001

$640,000 Sold Price as of 10/04/2022
  • 5 Beds
  • 4 Baths
  • 2,116 Sq.Ft.
Sold
$640,000 Sold Price as of 10/04/2022 Refinance Your Mortgage
Map preview of 1620 E Gage Ave, Los Angeles, CA 90001

Property Overview: 1620 E Gage Ave Los Angeles, CA has 5 bedrooms, 4 bathrooms, 2,116 living square feet and 3,821 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent mixed use investment property in the thriving city of Los Angeles. Perfect for an investor looking to diversify their portfolio and generate cash flow. This property features (2) 1 bedroom 1 bath units, (1) 2 bedroom 1 bath unit and a Mini Market. It's zoned R3 which gives it GREAT potential for someone with vision. This opportunity is centrally located near major freeways such as the 10FWY, 5FWY & 110FWY. Also, not too far from major attractions such as Downtown LA & Staples Center.

Listed by Enrique Campos | BRE #01806053 | Century 21 Plaza
Last checked: 14 minutes ago | Last updated: October 4th, 2022 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
3,821
HOA Dues
$0/mo
Year built
1925
Garage
2 Car
Property Type:
Mixed Use
Status
Sold
MLS#
SR22093724
City
Los Angeles
County
Los Angeles
Time on Site
739 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $48,000
  • Net Operating Income: $32,800
  • Gross Operating Income: $48,000
  • Vacancy Allowance: $0
  • Gross Spendable Income: $32,800
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income Description: none
Annual Expense Breakdown
  • Total Operating Expense: $15,200
  • New Taxes: $8,500
  • Trash: $0
  • Insurance: $2,800
  • Maintenance: $1,500
  • Water/Sewer: $2,400
  • Other Expenses: $0

Property Details for 1620 E Gage Ave

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage Faces Front
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6010030015
  • Year Built Source: Assessor
  • Property is not Attached
  • Accessibility Features: 2+ Access Exits
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: S Alameda St to E Gage St to address
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1620 E Gage Ave

Last sold for $640,000 on October 4th, 2022

  • October, 2022

  • Oct 4, 2022

    Date

    Sold

    CRMLS: SR22093724

    $640,000

    Price

  • May 5, 2022

    Date

    Active

    CRMLS: SR22093724

    $679,900

    Price

  • May, 2020

  • May 21, 2020

    Date

    Canceled

    CRMLS: SR19229778

    $574,999

    Price

  • Mar 5, 2020

    Date

    Active Under Contract

    CRMLS: SR19229778

    $574,999

    Price

  • Oct 24, 2019

    Date

    Price Change

    CRMLS: SR19229778

    $574,999

    Price

  • Sep 27, 2019

    Date

    Active

    CRMLS: SR19229778

    $620,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2019

  • Sep 25, 2019

    Date

    Canceled

    CRMLS: PW19216915

    $620,000

    Price

  • Sep 20, 2019

    Date

    Withdrawn

    CRMLS: PW19216915

    $620,000

    Price

  • Sep 11, 2019

    Date

    Active Under Contract

    CRMLS: PW19216915

    $620,000

    Price

  • Sep 11, 2019

    Date

    Active

    CRMLS: PW19216915

    $620,000

    Price

  • Listing provided courtesy of CRMLS

    BACK ON MARKET! GREAT INVESTMENT OPPORTUNITY!!! This 4-Unit property is perfect for investors looking for something with potential. The property is Non-rent control, so has great upside. Being close to the 110, 10, and 105 Freeways, it is centrally located to all parts of LA. With new homes being built in the area, this property has a great opportunity.

  • September, 2019

  • Sep 1, 2019

    Date

    Expired

    CRMLS: PW19113523

    $650,000

    Price

  • May 15, 2019

    Date

    Active

    CRMLS: PW19113523

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT OPPORTUNITY!!! This 4-Unit property is perfect for investors looking for something with potential. The property is Non-rent control, so has great upside. Being close to the 110, 10, and 105 Freeways, it is centrally located to all parts of LA. With new homes being built in the area, this property has a great opportunity.

  • August, 2019

  • Aug 9, 2019

    Date

    Expired

    CRMLS: PW19034679

    $694,000

    Price

  • Apr 12, 2019

    Date

    Price Change

    CRMLS: PW19034679

    $694,000

    Price

  • Feb 14, 2019

    Date

    Active

    CRMLS: PW19034679

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT INVESTMENT OPPORTUNITY!!! This 3-Unit property is perfect for investors looking for something with potential. The property is Non-rent control, so has great upside. It will be sold With a Mini Market business that is attached. Being close to the 110, 10, and 105 Freeways, it is centrally located to all parts of LA. With new homes being built in the area, this property has a great opportunity.

  • December, 2014

  • Dec 26, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2012

  • Feb 27, 2012

    Date

    Sold (Public Records)

    Public Records

    $250,000

    Price

Show More

Tax History for 1620 E Gage Ave

Assessed Value (2020): $283,404
Year Land Value Improved Value Assessed Value
2020 $162,107 $121,297 $283,404

Home Value Compared to the Market

This property vs the competition

1620 E Gage Ave sold on October 4, 2022 for 45.39% 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 $307.14 per/sqft which puts the price per square foot 59.32% lower than the current median sale per square foot for the city of Los Angeles.

About 1620 E Gage Ave

Detailed summary of property

1620 E Gage Ave is a mixed use that recently sold in Los Angeles, CA 90001. This mixed use property offered 5 bedrooms, 4 bathrooms, roughly 2,116 living square feet, and sits on an approximately 3,821 square foot lot. 1620 E Gage Ave was first listed on ArdentRealEstateGroup.com on May 5, 2022. The homeowner sold the property for $640,000. 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 45.39% lower than the current median priced home. Local homes that are currently for sale include 619 Cedar Ave, 761 Calle Aragon #A and 2125 Ronda Granada A. While the average home in Los Angeles, CA is selling in 94 days, 1620 E Gage Ave has a days on market of 33 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 1620 E Gage Ave Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1620 E Gage Ave

Public county record property details
Beds
3
Baths
3
Year built
1925
Sq. Ft.
2,116
Lot Size
3,820
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
6010-030-015

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$570,000
Median List Price/Sq.Ft.
$467
Median Sold Price
$575,000
Median Sold Price/Sq.Ft.
$506
Total Inventory
29
Median Sale to List Price %
100%
Avg Days on Market
49
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

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Is this your property?
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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