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217 E Gage Ave, Los Angeles, CA 90003
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217 E Gage Ave Los Angeles, CA 90003

$550,000 Sold Price as of 08/07/2019
  • 4 Beds
  • 3 Baths
  • 1,996 Sq.Ft.
Sold
$550,000 Sold Price as of 08/07/2019 Refinance Your Mortgage
Map preview of 217 E Gage Ave, Los Angeles, CA 90003

Property Overview: 217 E Gage Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 1,996 living square feet and 4,722 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Huge price reduction! Live in one rent out the others! Don't miss out on this great investment opportunity to own multiple units with upside rental growth potential. Centrally located to USC, Museums, freeways and much more! Plenty of off street parking, separate meters, 2 separate buildings, month to month tenants and almost 2000 sf of living space in a R2 zoning area!

Listed by Katrina Eldridge | BRE #01374471 | HomeSmart Realty Group
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 117

Home details

Lot Sq. Ft
4,722
HOA Dues
$0/mo
Year built
1940
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
IN18292380
City
Los Angeles
County
Los Angeles
Time on Site
1214 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $975
  • Total Rent: $975
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $37,500
  • Net Operating Income: $30,640
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $6,860
  • Electric: $2,500
  • Gas/Fuel: $0
  • New Taxes: $8,437
  • Trash: $60
  • Insurance: $1,400
  • Water/Sewer: $150

Property Details for 217 E Gage Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Cooktop
Interior Features
  • 2 Staircases, Copper Plumbing Partial
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wrought Iron
  • 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: Community Structure
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 6006012023
  • Year Built Source: Assessor
  • Architectural Style: Colonial
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 110 FWY exit Gage
  • Road Frontage Type: Alley
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 217 E Gage Ave

Last sold for $550,000 on August 7th, 2019

  • August, 2019

  • Aug 7, 2019

    Date

    Sold

    CRMLS: IN18292380

    $550,000

    Price

  • Apr 26, 2019

    Date

    Pending

    CRMLS: IN18292380

    $560,000

    Price

  • Mar 31, 2019

    Date

    Price Change

    CRMLS: IN18292380

    $560,000

    Price

  • Mar 21, 2019

    Date

    Price Change

    CRMLS: IN18292380

    $575,000

    Price

  • Mar 15, 2019

    Date

    Price Change

    CRMLS: IN18292380

    $590,000

    Price

  • Jan 9, 2019

    Date

    Price Change

    CRMLS: IN18292380

    $660,000

    Price

  • Dec 16, 2018

    Date

    Active

    CRMLS: IN18292380

    $675,000

    Price

  • August, 2019

  • Aug 7, 2019

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

Show More

Tax History for 217 E Gage Ave

Assessed Value (2020): $550,000
Year Land Value Improved Value Assessed Value
2020 $300,000 $250,000 $550,000

Home Value Compared to the Market

This property vs the competition

217 E Gage Ave sold on August 7, 2019 for 52.94% 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 $280.56 per/sqft which puts the price per square foot 62.84% lower than the current median sale per square foot for the city of Los Angeles.

About 217 E Gage Ave

Detailed summary of property

217 E Gage Ave is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 4 bedrooms, 3 bathrooms, roughly 1,996 living square feet, and sits on an approximately 4,722 square foot lot. 217 E Gage Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $550,000. 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 52.94% lower than the current median priced home. Local homes that are currently for sale include 1201 W 54th St, 1201 W 54th St and 1549 E 53rd St. While the average home in Los Angeles, CA is selling in 93 days, 217 E Gage Ave has a days on market of 117 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 217 E Gage Ave Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 217 E Gage Ave

Public county record property details
Beds
4
Baths
3
Year built
1940
Sq. Ft.
1,996
Lot Size
4,721
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
340
APN
6006-012-023

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
39
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

Thinking of Selling?

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(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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