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344 W Gage Ave, Los Angeles, CA 90003
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344 W Gage Ave Los Angeles, CA 90003

$716,000 Sold Price as of 09/14/2020
  • 6 Beds
  • 3 Baths
  • -- Sq.Ft.
Sold
$716,000 Sold Price as of 09/14/2020 Refinance Your Mortgage
Map preview of 344 W Gage Ave, Los Angeles, CA 90003

Property Overview: 344 W Gage Ave Los Angeles, CA has 6 bedrooms, 3 bathrooms, -- living square feet and 6,766 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Were you beginning to feel like you would never find an affordable income property that is turnkey? Its good that youve found this property before giving up on your search! This triplex is comprised of two front units (346 & 346 1/2), and one rear unit (344). This attractive property is located in the Florence area of South Los Angeles, and its approximately 3 miles south of USC. There are 3 covered garage parking spaces (one for each unit). The rear unit (344) is newly remodeled and vacant. Unit 346 1/2 is owner occupied and will also be delivered vacant.

Listed by Aaron Grate | BRE #01496293 | Grate Real Estate
Last checked: 2 minutes ago | Last updated: February 27th, 2023 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
6,766
HOA Dues
$0/mo
Year built
1915
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
20585856
City
Los Angeles
County
Los Angeles
Time on Site
1206 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,504
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11.25
  • Gross Scheduled Income: --
  • Net Operating Income: $39,302
  • Gross Operating Income: $63,648
Annual Expense Breakdown
  • Total Operating Expense: --
  • New Taxes: $8,950
  • Insurance: $1,932
  • Water/Sewer: $2,880

Virtual Tour

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Property Details for 344 W Gage Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Refrigerator
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage - Three Door, Garage
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 3
  • Parcel Number: 6005002050
  • Architectural Style: Traditional
Location / Neighborhood
Location Information
  • Directions: East of the 110 fwy and West of Broadway
View more facts & features

Local Los Angeles Agent

Sale History for 344 W Gage Ave

Last sold for $716,000 on September 14th, 2020

  • February, 2023

  • Feb 27, 2023

    Date

    Canceled

    CRMLS: 22218963

    $895,000

    Price

  • Dec 7, 2022

    Date

    Active

    CRMLS: 22218963

    $895,000

    Price

  • Listing provided courtesy of CRMLS

    Fantastic opportunity to own three units on one lot. A rare opportunity with great income. Rental income is up to date. Great sound investment financially speaking, and the building is in a great condition. This triplex consists of two front units (346 & 346 1/2), and one rear unit (344). This property is in the Florence area of South Los Angeles, and it's approximately 3 miles south of USC. There are 3 covered garage parking spaces (one for each unit). The rear unit (344) was recently remodeled. One unit has 3 bedrooms and 1 bathroom, and the other two units have 2 bedrooms and 1 bathroom each. Great location, close to 110 fwy, parks and walking distance to many shopping areas and eatery spots.

  • September, 2020

  • Sep 14, 2020

    Date

    Sold

    CRMLS: 20585856

    $716,000

    Price

  • Aug 16, 2020

    Date

    Pending

    CRMLS: 20585856

    $716,000

    Price

  • Aug 7, 2020

    Date

    Active Under Contract

    CRMLS: 20585856

    $716,000

    Price

  • Aug 4, 2020

    Date

    Active

    CRMLS: 20585856

    $716,000

    Price

  • Jun 24, 2020

    Date

    Active Under Contract

    CRMLS: 20585856

    $716,000

    Price

  • Jun 3, 2020

    Date

    Active

    CRMLS: 20585856

    $716,000

    Price

  • September, 2020

  • Sep 14, 2020

    Date

    Sold (Public Records)

    Public Records

    $716,000

    Price

Show More

Tax History for 344 W Gage Ave

Assessed Value (2020): $337,685
Year Land Value Improved Value Assessed Value
2020 $135,073 $202,612 $337,685

Home Value Compared to the Market

This property vs the competition

344 W Gage Ave sold on September 14, 2020 for 39.83% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 344 W Gage Ave

Detailed summary of property

344 W Gage Ave is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 6 bedrooms, 3 bathrooms, roughly -- living square feet, and sits on an approximately 6,766 square foot lot. 344 W Gage Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $716,000. 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 39.83% lower than the current median priced home. Local homes that are currently for sale include 837 W Gage Ave, 6114 Wall St and 217 E 64th St. While the average home in Los Angeles, CA is selling in 96 days, 344 W Gage Ave has a days on market of 69 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 344 W 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 344 W Gage Ave

Public county record property details
Beds
6
Baths
3
Year built
1915
Sq. Ft.
3,036
Lot Size
6,765
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8,9
APN
6005-002-050

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
$575,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
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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