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4308 Gateway Ave, Los Angeles, CA 90029
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4308 Gateway Ave Los Angeles, CA 90029

$1,899,000
  • 6 Beds
  • 4 Baths
  • 3,436 Sq.Ft.
For Sale
$1,899,000 Get Pre-Qualified
Map preview of 4308 Gateway Ave, Los Angeles, CA 90029

Property Overview: 4308 Gateway Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,436 living square feet and 5,252 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: Beautiful, charming with character, well maintained & remodeled 4-unit property located in Hip, Trendy - Sunset Junction neighborhood in Silverlake. Close proximity to MANY shops, restaurants and bars. All Units remodeled with very nice kitchens, cabinets, counter tops, lighting, and with original good condition Hardwood floors, Stone Tiles with some carpeting in offices. 2 lower units have 1 bed, 1 bath. 2 upper units: 1 bedroom, 1 office/bedroom, 1 bathroom. 1 downstairs units has a large private amazing side yard! Building just painted, 4 newer electrical panels & meters, newer double pane windows, Recoated roof, faux fireplaces in all units. Further upside in Rents are possible for all 4 units. Property has 2 Metro subway stations nearby and many bus routes. All units include ALL APPLIANCES. Separate large 4-spot carport in the back with a 5th parking spot on the side. Nicely landscaped with orange trees, palm trees in front. Rents have not been increased for the past year and a half. PLEASE DO NOT DISTURB TENANTS OR KNOCK ON DOORS. Perfect to owner occupy or as full rental property!

Listed by Mario Reithaar | BRE #02097247 | Hilton & Hyland
Co-listed by Christian Hose | BRE #02218728 | Hilton & Hyland
Last checked: 8 minutes ago | Last updated: June 18th, 2024 | Source CRMLS | DOM: 16
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Home details

Lot Sq. Ft
5,252
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24402313
City
Los Angeles
County
Los Angeles
Time on Site
15 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $2,305
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $2,888
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,310
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $3,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: --
  • Net Operating Income: $91,548
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 4308 Gateway Ave

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Property Details for 4308 Gateway Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Individual Room
Room Information
  • Flooring: Wood, Carpet, Laminate
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Rolled/Hot Mop
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Detached Carport, Driveway
Property Information
  • Has View
  • View: City Lights, Park/Greenbelt, Hills
  • Total # of Units: 4
  • Parcel Number: 5429004012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Drive West on Sunset Blvd, turn left on Bates Ave, right on Gateway.
View more facts & features

Local Los Angeles Agent

Sale History for 4308 Gateway Ave

Last sold for $1,707,000 on May 9th, 2023

  • June, 2024

  • Jun 10, 2024

    Date

    Active

    CRMLS: 24402313

    $1,899,000

    Price

  • May, 2023

  • May 9, 2023

    Date

    Sold

    CRMLS: 23242321

    $1,707,000

    Price

  • Feb 16, 2023

    Date

    Active

    CRMLS: 23242321

    $1,945,500

    Price

  • Listing provided courtesy of CRMLS

    Priced to sell, Beautiful, charming with character, well maintained & remodeled 4-unit property located in Hip, Trendy - Sunset Junction neighborhood in Silverlake. Close proximity to MANY shops, restaurants and bars. All Units remodeled with very nice kitchens, cabinets, counter tops, lighting, and with original good condition Hardwood floors, Stone Tiles with some carpeting in offices. 2 lower units have 1 bed, 1 bath. 2 upper units: 1 bedroom, 1 office/bedroom, 1 bathroom. 1 downstairs units has a large private amazing side yard! Building just painted, 4 brand New electrical panels & meters, newer double pane windows, Recoated roof, faux fireplaces in all units. Further upside in Rents are possible for all 4 units. Property has 2 Metro subway stations nearby and many bus routes. All units include ALL APPLIANCES. Separate large 4-spot carport in the back with a 5th parking spot on the side. Nicely landscaped with orange tree and low-quat trees in the back, palm trees in front. Foundation is likely about 20 years old, and this is a building you will be proud to own for years. 3 units tenants on month to month, 4th on a lease. PLEASE DO NOT DISTURB TENANTS OR KNOCK ON DOORS. Perfect to owner occupy or as full rental property! Showings are pretty easy. Just passed the Los Angeles Housing Dept's rigorous inspection of all 4 units and the building!

  • April, 2012

  • Apr 13, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2007

  • Feb 22, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4308 Gateway Ave

Assessed Value (2020): $780,976
Year Land Value Improved Value Assessed Value
2020 $459,399 $321,577 $780,976

Home Value Compared to the Market

This property vs the competition

4308 Gateway Ave is listed 52.04% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $552.68 per/sqft which puts the price per square foot 28.96% lower than the median price per square foot for the city of Los Angeles.

About 4308 Gateway Ave

Detailed summary of property

4308 Gateway Ave is a multi family located in Los Angeles, CA 90029 and is currently for sale. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 3,436 living square feet, and sits on an approximately 5,252 square foot lot. 4308 Gateway Ave was first listed on ArdentRealEstateGroup.com on June 10, 2024. The homeowner is currently asking $1,899,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 52.04% higher than the median priced home. Local competing homes currently for sale include 4334 Franklin Ave, 1027 N Edgemont St and 2523 Lyric Ave. While the average home in Los Angeles, CA is selling in 98 days, 4308 Gateway Ave has a days on market of 16 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 4308 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 4308 Gateway Ave

Public county record property details
Beds
4
Baths
4
Year built
1905
Sq. Ft.
3,436
Lot Size
5,250
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
69
APN
5429-004-012

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.
$738
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%)

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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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