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

$775,000 Sold Price as of 05/14/2021
  • 6 Beds
  • 2 Baths
  • 1,620 Sq.Ft.
Sold
$775,000 Sold Price as of 05/14/2021 Refinance Your Mortgage
Map preview of 355 E Gage Ave, Los Angeles, CA 90003

Property Overview: 355 E Gage Ave Los Angeles, CA has 6 bedrooms, 2 bathrooms, 1,620 living square feet and 5,004 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This very desirable income producing duplex is non-rent controlled. This duplex consists of two 3 bedroom one bath units, each with its own single garage. Each unit includes granite countertops, dual pane vinyl windows, tile flooring in kitchen and bathrooms, carpet and wood cabinets. Conveniently located to the Downtown Los Angeles area.

Listed by Kevin Via | BRE #02042474 | Compass
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
5,004
HOA Dues
$0/mo
Year built
2007
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
OC21062204
City
Los Angeles
County
Los Angeles
Time on Site
1155 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: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,641
  • Total Rent: $2,641
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.16%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $62,892
  • Net Operating Income: $49,300
  • Gross Operating Income: $61,635
  • Vacancy Allowance: $1,257
Annual Expense Breakdown
  • Total Operating Expense: $13,592
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $8,792
  • Trash: $0
  • Gardener: $600
  • Insurance: $1,200
  • Water/Sewer: $3,000

Property Details for 355 E Gage Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
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 - Two Door
Lot Information
  • Lot Features: Lawn, Sprinklers Timer
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 6006021029
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Gage Ave between San Pedro St and Avalon Blvd
Neighborhood Information
  • Community Features: Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 355 E Gage Ave

Last sold for $775,000 on May 14th, 2021

  • May, 2021

  • May 15, 2021

    Date

    Sold

    CRMLS: OC21062204

    $775,000

    Price

  • Apr 12, 2021

    Date

    Pending

    CRMLS: OC21062204

    $785,000

    Price

  • Mar 26, 2021

    Date

    Active Under Contract

    CRMLS: OC21062204

    $785,000

    Price

  • Mar 25, 2021

    Date

    Active

    CRMLS: OC21062204

    $785,000

    Price

  • February, 2008

  • Feb 14, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2007

  • Aug 13, 2007

    Date

    Sold (Public Records)

    Public Records

    $305,000

    Price

Show More

Tax History for 355 E Gage Ave

Assessed Value (2020): $570,000
Year Land Value Improved Value Assessed Value
2020 $452,900 $117,100 $570,000

Home Value Compared to the Market

This property vs the competition

355 E Gage Ave sold on May 14, 2021 for 34.03% 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 $484.57 per/sqft which puts the price per square foot 35.82% lower than the current median sale per square foot for the city of Los Angeles.

About 355 E Gage Ave

Detailed summary of property

355 E Gage Ave is a duplex that recently sold in Los Angeles, CA 90003. This duplex offered 6 bedrooms, 2 bathrooms, roughly 1,620 living square feet, and sits on an approximately 5,004 square foot lot. 355 E Gage Ave was first listed on ArdentRealEstateGroup.com on March 25, 2021. The homeowner sold the property for $775,000. 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 34.03% lower than the current median priced home. Local homes that are currently for sale include 333 W 74th St, 7908 Towne Ave and 443 W 71st St. While the average home in Los Angeles, CA is selling in 93 days, 355 E Gage Ave has a days on market of 2 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 355 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 355 E Gage Ave

Public county record property details
Beds
6
Baths
2
Year built
2007
Sq. Ft.
1,620
Lot Size
5,004
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
52
APN
6006-021-029

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
$598,000
Median List Price/Sq.Ft.
$582
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%)

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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