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505 N Gage Ave, Los Angeles, CA 90063
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505 N Gage Ave Los Angeles, CA 90063

$985,000
  • 4 Beds
  • 16 Baths
  • 2,112 Sq.Ft.
For Sale
$985,000 Get Pre-Qualified
Map preview of 505 N Gage Ave, Los Angeles, CA 90063

Property Overview: 505 N Gage Ave Los Angeles, CA has 4 bedrooms, 16 bathrooms, 2,112 living square feet and 6,910 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: We have a fourplex in a great area of ELA. All four units are occupied with long term tenants. Units are in decent shape. They were lightly remodeled by previous ownership. All units have one onsite parking spot.

Listed by DANIEL FLORES | BRE #01779773 | DANIEL FLORES, BROKER
Last checked: 5 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
6,910
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
MB24173561
City
Los Angeles
County
Los Angeles
Time on Site
22 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $59,888
  • Total Rent: $59,888
  • Pro Forma/Market Rent: $72,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.98%
  • Gross Rent Multiplier: 16.45
  • Gross Scheduled Income: $59,888
  • Net Operating Income: $39,163
  • Gross Operating Income: --
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: $20,725
  • New Taxes: $11,327
  • Trash: $0
  • Insurance: $1,412
  • Maintenance: $2,801
  • Professional Management: $3,691
  • Water/Sewer: $1,494

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Property Details for 505 N Gage Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Water Heater
Interior Features
  • Ceramic Counters
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned, Concrete
Lot Information
  • Lot Features: Corner Lot, Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5230022001
  • Year Built Source: Assessor
  • Architectural Style: Cottage
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Corner of N Gage and E. Hammel
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 505 N Gage Ave

Last sold for $499,000 on March 24th, 2016

  • August, 2024

  • Aug 27, 2024

    Date

    Active

    CRMLS: MB24173561

    $985,000

    Price

  • May, 2018

  • May 29, 2018

    Date

    Sold

    CRMLS: 315010948

    $499,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity! Four 1 Bedroom, 1 bath units. Newer windows, electric and plumbing. On site parking for 4 vehicles. Close to Ceasar Chavez Ave.

  • June, 2017

  • Jun 2, 2017

    Date

    Sold

    CRMLS: P0-315010948

    $499,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Opportunity! Four 1 Bedroom, 1 bath units. Newer windows, electric and plumbing. On site parking for 4 vehicles. Close to Ceasar Chavez Ave.

  • March, 2016

  • Mar 24, 2016

    Date

    Sold (Public Records)

    Public Records

    $499,000

    Price

  • October, 2008

  • Oct 1, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 505 N Gage Ave

Assessed Value (2020): $540,132
Year Land Value Improved Value Assessed Value
2020 $281,432 $258,700 $540,132

Home Value Compared to the Market

This property vs the competition

505 N Gage Ave is listed 17.92% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $466.38 per/sqft which puts the price per square foot 39.27% lower than the median price per square foot for the city of Los Angeles.

About 505 N Gage Ave

Detailed summary of property

505 N Gage Ave is a fourplex located in Los Angeles, CA 90063 and is currently for sale. This fourplex offers 4 bedrooms, 16 bathrooms, roughly 2,112 living square feet, and sits on an approximately 6,910 square foot lot. 505 N Gage Ave was first listed on ArdentRealEstateGroup.com on August 27, 2024. The homeowner is currently asking $985,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 17.92% lower than the median priced home. Local competing homes currently for sale include 3820 City Terrace Dr, 3412 E 3rd St and 3026 Folsom St. While the average home in Los Angeles, CA is selling in 106 days, 505 N Gage Ave has a days on market of 2 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 505 N Gage Ave Los Angeles, CA 90063 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 505 N Gage Ave

Public county record property details
Beds
4
Baths
4
Year built
1953
Sq. Ft.
2,112
Lot Size
6,907
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5230-022-001

The source for these homes facts are from public records.

90063 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$675,000
Median List Price/Sq.Ft.
$624
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
42
Median Sale to List Price %
100.17%
Avg Days on Market
57
Loan Type
Conventional (42.86%), FHA (28.57%), VA (0%), Cash (0%), Other (14.29%)

Tour This Home

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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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