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662 W Gage Ave, Los Angeles, CA 90044
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662 W Gage Ave Los Angeles, CA 90044

$526,000 Sold Price as of 12/09/2022
  • 2 Beds
  • 5 Baths
  • 2,040 Sq.Ft.
Sold
$526,000 Sold Price as of 12/09/2022 Refinance Your Mortgage
Map preview of 662 W Gage Ave, Los Angeles, CA 90044

Property Overview: 662 W Gage Ave Los Angeles, CA has 2 bedrooms, 5 bathrooms, 2,040 living square feet and 5,058 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: An exceptional investment with the best price to sell in the market for a 5-unit commercial building located in Los Angeles Southwest area. In normal condition with a new coat of exterior paint. Front unit ( a house ) with 920 sq ft living space, 2 bedrooms, 1 bathroom, kitchen, dining area, living room, and extra room, following building with 4 units and each unit with 280 sq ft living space, a living room, kitchen, and bathroom. 4 garages are located in the back section of the property, each garage for 1 car with access through the alley and by the property. The cemented area around the property, 2040 total sq ft living space, 5058 sq ft lot, LARD1.5 zoning, parcel # 6004-021-022, and lot #19.

Listed by Ramiro Hernandez | BRE #01806700 | Century 21 Arroyo Seco
Last checked: 8 minutes ago | Last updated: December 9th, 2022 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
5,058
HOA Dues
$0/mo
Year built
1909
Garage
4 Car
Property Type:
Mixed Use
Status
Sold
MLS#
GD22233177
City
Los Angeles
County
Los Angeles
Time on Site
559 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 3
  • # of Electric Meters: 5
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,605
  • Total Rent: $1,605
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $768
  • Total Rent: $768
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $768
  • Total Rent: $768
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $46,918
  • Net Operating Income: $14,184
  • Gross Operating Income: --
  • # of Rented Garages: 2
Annual Expense Breakdown
  • Total Operating Expense: $48,108
  • Gas/Fuel: $0
  • New Taxes: $7,788
  • Trash: $1,848
  • Insurance: $2,076
  • Maintenance: $540
  • Professional Management: $0
  • Water/Sewer: $1,932

Property Details for 662 W Gage Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • Has Fireplace
  • Gas
Room Information
  • Flooring: Carpet, Tile
Interior Features
  • Ceramic Counters, Tile Counters
  • Levels: One
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Block, Wrought Iron
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Garage Faces Rear
Lot Information
  • Lot Features: 2-5 Units/Acre, No Landscaping
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 6004021022
  • Year Built Source: Assessor
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Additions/Alterations, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Getting off on 110 freeway, Exist on Gage Ave and make a right then pass Figueroa st then you are going to be able to see the property in your left about haft of the block.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 662 W Gage Ave

Last sold for $526,000 on December 9th, 2022

  • December, 2022

  • Dec 9, 2022

    Date

    Sold

    CRMLS: GD22233177

    $526,000

    Price

  • Oct 31, 2022

    Date

    Active

    CRMLS: GD22233177

    $649,000

    Price

  • October, 2022

  • Oct 25, 2022

    Date

    Expired

    CRMLS: 320009767

    $649,000

    Price

  • Mar 19, 2022

    Date

    Active

    CRMLS: 320009767

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Increase your investment portfolio with this unique 4 units building property located in the heart of South Los Angeles. As you walk in to the property you are going to be able to appreciate the excellent condition of the building with a few small cosmetic repairs. New exterior painting, front unit with 920 sq ft with 2 bedrooms, 1 bathroom, kitchen, dining area, living room, extra room. Next building with 3 units, 280 sq ft each one / they are singles with a room, small kitchen, closet and bathroom. back building with 4 garages. 2040 sq ft living space, 5058 sq ft lot size, LARD1.5 zoning.

  • April, 2021

  • Apr 2, 2021

    Date

    Expired

    CRMLS: 320004463

    $799,000

    Price

  • Jan 1, 2021

    Date

    Active

    CRMLS: 320004463

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    Remarkable investment with 5 units commercial building in Los Angeles Southwest area, new exterior paint. A house with 920 sq ft living space, 2 bedrooms, 1 bathroom, kitchen, living room, extra room. Following building with 4 units and each unit with 280 sq ft living space, a living room, kitchen, closet and a bathroom. 4 garages locate4d in the back section of the property, each garage for 1 car, with access by the alley and the property. Cemented area around the property, 2040 total sq ft living space, 5058 sq ft lot, LARD1.5 zoning, parcel # 6004-021-022 and lot # 19.

  • December, 2020

  • Dec 25, 2020

    Date

    Expired

    CRMLS: 320002085

    $799,000

    Price

  • Jun 24, 2020

    Date

    Active

    CRMLS: 320002085

    $799,000

    Price

  • Listing provided courtesy of CRMLS

    An exceptional investment for a 5 unit commercial building located in Los Angeles Southwest area. In normal condition with a new coat of exterior paint. Front unit ( a house ) with 920 sq ft living space, 2 bedrooms, 1 bathroom, kitchen, dining area and extra room, following building with 4 units and each unit with 280 sq ft living space, a living room, kitchen and bathroom. 4 garages located in the back section of the property, each garage for 1 car with access through the alley and by the property. Cemented area around the property, 2040 total sq ft living space, 5058 sq ft lot, LARD1.5 zoning, parcel #60004-021-022 and lot #19.

  • March, 2019

  • Mar 1, 2019

    Date

    Expired

    CRMLS: MB18171307

    $750,000

    Price

  • Feb 20, 2019

    Date

    Withdrawn

    CRMLS: MB18171307

    $750,000

    Price

  • Sep 21, 2018

    Date

    Price Change

    CRMLS: MB18171307

    $750,000

    Price

  • Jul 18, 2018

    Date

    Active

    CRMLS: MB18171307

    $780,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2006

  • Oct 26, 2006

    Date

    Sold (Public Records)

    Public Records

    $565,000

    Price

  • May, 1997

  • May 19, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 662 W Gage Ave

Assessed Value (2020): $692,153
Year Land Value Improved Value Assessed Value
2020 $508,398 $183,755 $692,153

Home Value Compared to the Market

This property vs the competition

662 W Gage Ave sold on December 9, 2022 for 51.26% 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 $284.31 per/sqft which puts the price per square foot 62.34% lower than the current median sale per square foot for the city of Los Angeles.

About 662 W Gage Ave

Detailed summary of property

662 W Gage Ave is a mixed use that recently sold in Los Angeles, CA 90044. This mixed use property offered 2 bedrooms, 5 bathrooms, roughly 2,040 living square feet, and sits on an approximately 5,058 square foot lot. 662 W Gage Ave was first listed on ArdentRealEstateGroup.com on October 31, 2022. The homeowner sold the property for $526,000. 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 51.26% lower than the current median priced home. Local homes that are currently for sale include 2065 Via Mariposa #D, 329 Avenida Carmel, unit D and 2125 Ronda Granada A. While the average home in Los Angeles, CA is selling in 93 days, 662 W Gage Ave has a days on market of 14 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 662 W Gage Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 662 W Gage Ave

Public county record property details
Beds
2
Baths
5
Year built
1909
Sq. Ft.
2,040
Lot Size
5,058
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
19
APN
6004-021-022

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$660,000
Median List Price/Sq.Ft.
$515
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
80
Median Sale to List Price %
105.57%
Avg Days on Market
76
Loan Type
Conventional (35.71%), FHA (35.71%), VA (0%), Cash (7.14%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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