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4244 Gateway Ave, Los Angeles, CA 90029
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4244 Gateway Ave Los Angeles, CA 90029

$1,320,000 Sold Price as of 03/01/2021
  • 4 Beds
  • 4 Baths
  • 2,880 Sq.Ft.
Sold
$1,320,000 Sold Price as of 03/01/2021 Refinance Your Mortgage
Map preview of 4244 Gateway Ave, Los Angeles, CA 90029

Property Overview: 4244 Gateway Ave Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,880 living square feet and 5,237 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: QUADRUPLEX Located in a highly sought area of Silverlake. High demand area with almost zero vacancy. Close to 101 Frwy, Hospitals, Restaurants and Markets. Seller spent $1000's for upgrades.Re roof done in 2016. Long driveway to the back of the building w/ 4 parking space and 4 car detached garage. Possible ADU conversion. Will be great for owner user and investor.

Listed by Federico Cabral | BRE #00545412 | Homequest Real Estate Corp
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 185

Home details

Lot Sq. Ft
5,237
HOA Dues
$0/mo
Year built
1923
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SR20101963
City
Los Angeles
County
Los Angeles
Time on Site
1263 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # 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: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $989
  • Total Rent: $989
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,928
  • Total Rent: $1,928
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,544
  • Total Rent: $1,544
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,440
  • Total Rent: $1,440
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $5,901
  • Net Operating Income: $5,601
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $300
  • Gas/Fuel: $0
  • Licenses: $329
  • New Taxes: $16,560
  • Trash: $0
  • Gardener: $900
  • Insurance: $1,946
  • Water/Sewer: $3,204

Property Details for 4244 Gateway Ave

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5429004016
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: WEST of Sunset, South of Myra
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 4244 Gateway Ave

Last leased for $3,700 on February 14th, 2022

  • February, 2022

  • Feb 14, 2022

    Date

    Leased

    CRMLS: 21786272

    $3,700

    Price

  • Sep 21, 2021

    Date

    Active

    CRMLS: 21786272

    $4,000

    Price

  • Listing provided courtesy of CRMLS

    This 2 bed/1 bath unit has been completely remodeled with great attention to detail and is one of only four units that features a private entrance (great for covid). The unit features hardwood floors, an office nook with large windows, a beautiful kitchen with new (stove, microwave, refrigerator, dishwasher), skylights, and large windows to flood the unit with natural light, central AC/heat, exposed brick, exposed ceiling beams, washer/dryer, and one parking spot in the back. The unit is a 2 minute walks away from LA favorites like Erewhon, Sweetgreen, Cafe Stella, and everything else Sunset Junction has to offer. One rear parking spot and easy street parking with no need for a permit. The building is in close proximity to both 101 and the I5. Come see it before it's gone! Pet Friendly!!

  • March, 2021

  • Mar 2, 2021

    Date

    Sold

    CRMLS: SR20101963

    $1,320,000

    Price

  • Dec 2, 2020

    Date

    Pending

    CRMLS: SR20101963

    $1,495,000

    Price

  • Oct 28, 2020

    Date

    Active

    CRMLS: SR20101963

    $1,495,000

    Price

  • Oct 26, 2020

    Date

    Pending

    CRMLS: SR20101963

    $1,495,000

    Price

  • Jun 14, 2020

    Date

    Price Change

    CRMLS: SR20101963

    $1,495,000

    Price

  • May 28, 2020

    Date

    Price Change

    CRMLS: SR20101963

    $1,590,000

    Price

  • May 28, 2020

    Date

    Active

    CRMLS: SR20101963

    $159,000

    Price

  • May, 2018

  • May 1, 2018

    Date

    Canceled

    CRMLS: 18333170

    $1,399,000

    Price

  • Apr 13, 2018

    Date

    Active

    CRMLS: 18333170

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    This is what you have been waiting for! A great character 4-plex in the heart of Silver Lake! Walk to Sunset Junction within 5 minutes to enjoy the hip restaurants, cafeterias, shops and farmer's market. The street is quiet with very friendly neighbors. The property is with at least 8 parking spaces, four of them are garages through a private, gated driveway. It is fully occupied (one long-term tenant). Meticulously maintained inside, vintage and newer kitchens, hardwood floors, views from upstairs, very generous units. Great for owner-user or investor. You cannot go wrong with this location. Huge potential. Please drive-by only.

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Tax History for 4244 Gateway Ave

Assessed Value (2020): $437,531
Year Land Value Improved Value Assessed Value
2020 $272,817 $164,714 $437,531

Home Value Compared to the Market

This property vs the competition

4244 Gateway Ave sold on March 1, 2021 for 32.3% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $519.1 per/sqft which puts the price per square foot 31.15% lower than the current median sale per square foot for the city of Los Angeles.

About 4244 Gateway Ave

Detailed summary of property

4244 Gateway Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,880 living square feet, and sits on an approximately 5,237 square foot lot. 4244 Gateway Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,320,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 32.3% higher than the current median priced home. Local homes that are currently for sale include 1309 N Coronado St, 408 N La Fayette Park Pl and 947 N Ardmore Ave. While the average home in Los Angeles, CA is selling in 99 days, 4244 Gateway Ave has a days on market of 185 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 4244 Gateway Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4244 Gateway Ave

Public county record property details
Beds
4
Baths
4
Year built
1923
Sq. Ft.
2,880
Lot Size
5,210
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
73
APN
5429-004-016

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,022,990
Median List Price/Sq.Ft.
$740
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$759
Total Inventory
31
Median Sale to List Price %
98.15%
Avg Days on Market
47
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

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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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