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

$1,800,000
  • 13 Beds
  • 11 Baths
  • 5,218 Sq.Ft.
Pending
$1,800,000 Get Pre-Qualified
Map preview of 232 E Gage Ave, Los Angeles, CA 90003

Property Overview: 232 E Gage Ave Los Angeles, CA has 13 bedrooms, 11 bathrooms, 5,218 living square feet and 4,936 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: LAJOMA PROPERTIES IS PROUD TO PRESENT THIS LUXURIOUS AND CONTEMPORARY, NEW CONSTRUCTION DUPLEX AND ADU. THIS PROPERTY IS CENTRALLY LOCATED TO THE 110 FREEWAY, BMO STADIUM, LA MEMORIAL COLISEUM, USC, SOFI STADIUM, CRYPTO.COM ARENA AND MORE! TOTAL OF 3 UNITS, FRONT BUILDING IS A THREE STORY DUPLEX: 5 BEDROOM, 4.5 BATH EACH; REAR BUILDING IS A TWO STORY 3 BEDROOM 2 BATH ADU. THESE UNITS HAVE ONE OF LA's BEST FLOOR PLAN LAYOUT WITH MASSIVE TOWNHOME STYLE UNITS. SPACIOUS BEDROOMS IN ALL UNITS WITH CUSTOM CLOSETS, QUARTS COUNTERTOPS IN KITCHENS AND BATHROOMS, CUSTOM WINDOW SHADES, BRAND NEW SAMSUNG STAINLESS STEEL APPLIANCES, CUSTOM SHAKER CABINETS, TWO TONED INTERIOR PAINTING, CENTRAL HVAC SYSTEM IN EACH UNIT, LOW VOLTAGE LED RECESSED LIGHTING THROUGHOUT EACH UNIT, LAUNDRY ROOMS IN EACH UNIT WITH BRAND NEW SAMSUNG WASHER & DRYER, TANKLESS WATER HEATERS, GREEN CERTIFIED, DROUGHT TOLERANT LANDSCAPING, AUTOMATIC FIRE SPRINKLER SYSTEM THROUGHOUT ALL UNITS, AUTOMATIC FRONT GATE, DECORATIVE WOOD FENCE AND BLOCK WALL. 1-TWO CAR ATTACHED GARAGE, PROPERTY WELL SECURED, PLENTY OF PARKING ON SITE WITH DECORATIVE PAVERS THROUGHOUT DRIVEWAY. THERE ARE 2 WATER METERS AND 1 SUB WATER METER, 3 GAS METERS, AND 3 ELECTRIC METERS. PERFECT RENTAL PROPERTY, NO RENT CONTROL. PROPERTY DELIVERED VACANT. 1 YEAR BUILDER WARRANTY INCLUDED! MUST SEE THIS PROPERTY IN PERSON TO FULLY APPRECIATE ITS BEAUTY! PROPERTY HAS BEEN FINALED BY LADBS AND CERTIFICATE OF OCCUPANCY (CFO) IS IN!

Listed by Joshua Vivanco | BRE #02199160 | Keller Williams - Downtown LA
Last checked: 12 minutes ago | Last updated: May 2nd, 2024 | Source CRMLS | DOM: 55
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Home details

Lot Sq. Ft
4,936
HOA Dues
$0/mo
Year built
2023
Garage
2 Car
Property Type:
Triplex
Status
Pending
MLS#
DW24009140
City
Los Angeles
County
Los Angeles
Time on Site
110 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: 2
  • # of Beds: 5
  • # of Baths: 5
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $12,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 9%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $198,000
  • Net Operating Income: $160,456
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $31,604
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $21,420
  • Trash: $0
  • Insurance: $2,888
  • Water/Sewer: $0

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Property Details for 232 E Gage Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, ENERGY STAR Qualified Equipment, Heat Pump
Heating Information
  • Has Heating
  • Central, ENERGY STAR Qualified Equipment, Heat Pump
Laundry Information
  • Has Laundry
  • Dryer Included, Gas Dryer Hookup, In Closet, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Vinyl
Kitchen Information
  • Has Appliances
  • 6 Burner Stove, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
Interior Features
  • Block Walls, Living Room Balcony, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting
  • Levels: Two, Three Or More
Exterior Features
Exterior Information
  • Has Fence
  • Block, Redwood, Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Auto Driveway Gate
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: City Lights, Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 6006013008
  • Year Built Source: Public Records
  • Architectural Style: Contemporary
  • Entry Level: 1
  • Property is Attached
  • Offered With Property: Appliances
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: E Gage Ave. and S San Pedro Street
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 232 E Gage Ave

Last sold for $470,000 on June 10th, 2022

  • May, 2024

  • May 2, 2024

    Date

    Pending

    CRMLS: DW24009140

    $1,800,000

    Price

  • Jan 16, 2024

    Date

    Active

    CRMLS: DW24009140

    $1,800,000

    Price

  • June, 2022

  • Jun 10, 2022

    Date

    Sold

    CRMLS: SB22080966

    $470,000

    Price

  • Apr 20, 2022

    Date

    Active

    CRMLS: SB22080966

    $455,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment property in the city of LA, very spacious, big back yard, nice front porch , spacious formal dinning room, property is zoned LAR2, close to Downtown LA, all major freeways, schools and shopping centers, this great opportunity wont last

  • February, 2022

  • Feb 11, 2022

    Date

    Canceled

    CRMLS: DW21200080

    $509,900

    Price

  • Sep 10, 2021

    Date

    Active

    CRMLS: DW21200080

    $509,900

    Price

  • Listing provided courtesy of CRMLS

    Probate Sale! ....Fixer! Make it your own, property is zoned LAR2! Spacious and open living room off entrance at front door. Lots of sunlight from main window with a wood burning fireplace center wall. Formal dining room can accommodate 12 piece set + china cabinets and curio set. Kitchen and bath show original features and should be refurbished. Master Bedroom is located in rear of home off the den/ 3rd bedroom. Large parcel off main street and close to freeway, shopping, schools and bus lines. Downtown Los Angeles is less than 20 minutes away with traffic. Won't Last....Do it today!

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Tax History for 232 E Gage Ave

Assessed Value (2020): $27,962
Year Land Value Improved Value Assessed Value
2020 $15,661 $12,301 $27,962

Home Value Compared to the Market

This property vs the competition

232 E Gage Ave is listed 46.94% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $344.96 per/sqft which puts the price per square foot 55.43% lower than the median price per square foot for the city of Los Angeles.

About 232 E Gage Ave

Detailed summary of property

232 E Gage Ave is a triplex located in Los Angeles, CA 90003 and is currently in escrow to be sold. This triplex offers 13 bedrooms, 11 bathrooms, roughly 5,218 living square feet, and sits on an approximately 4,936 square foot lot. 232 E Gage Ave was first listed on ArdentRealEstateGroup.com on January 16, 2024. The homeowner is currently asking $1,800,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 46.94% higher than the median priced home. Local competing homes currently for sale include 263 W 41st Pl, 8704 S Central Ave and 8708 S Central Ave. While the average home in Los Angeles, CA is selling in 96 days, 232 E Gage Ave has a days on market of 55 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 232 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 232 E Gage Ave

Public county record property details
Beds
3
Baths
2
Year built
1913
Sq. Ft.
1,404
Lot Size
4,934
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
354
APN
6006-013-008

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
$580,000
Median List Price/Sq.Ft.
$580
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
38
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%)

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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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