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

$930,000 Sold Price as of 12/12/2023
  • 6 Beds
  • 4 Baths
  • 1,859 Sq.Ft.
Sold
$930,000 Sold Price as of 12/12/2023 Refinance Your Mortgage
Map preview of 842 W Gage Ave, Los Angeles, CA 90044

Property Overview: 842 W Gage Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 1,859 living square feet and 5,664 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Incredible Investor or Owner-User opportunity! The property includes 3 fully renovated Single-Homes on a large 5,664 sf. lot with great income-producing Cash Flow. A prime South Los Angeles location with consistent rent demand, near Downtown LA, Sofi Stadium, USC, Culver City, and South Bay. The duplex and ADU have been renovated with permits, featuring new electrical wiring, sewer line, plumbing, windows, flooring, updated kitchens, quality quartz countertops, renovated bathrooms, and 3 new electrical panels. 2 of the homes have new A/C systems. The complex is fully gated with ample parking spaces and new concrete driveways. The front house has 3BR & 2BA. The second house is configured as 2BR & 1BA (legal registered 1 BR) and the ADU is 1BR & 1BA, and each have their own private rear patios. Square footage listed per floorplan measurements (attached), Buyer to verify. Amazing opportunity for a fully renovated, rental income and cash flow producing asset in prime LA location!

Listed by Gregory J Moesser | BRE #00634345 | Sotheby's International Realty
Last checked: 13 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 126

Home details

Lot Sq. Ft
5,664
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23286687
City
Los Angeles
County
Los Angeles
Time on Site
452 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,150
  • Total Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $3,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 10.9
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $88,200
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 842 W Gage Ave

Interior Features
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: One
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Gated, Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 6004018004
  • Year Built Source: Assessor
  • Architectural Style: Traditional
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: West of 110 Freeway at Gage Ave and Hoover Street.
View more facts & features

Local Los Angeles Agent

Sale History for 842 W Gage Ave

Last leased for $3,450 on May 7th, 2024

  • May, 2024

  • May 7, 2024

    Date

    Leased

    CRMLS: 24383611

    $3,450

    Price

  • Apr 24, 2024

    Date

    Active

    CRMLS: 24383611

    $3,400

    Price

  • Listing provided courtesy of CRMLS

    A fully renovated prime 3 bedroom, 2 bathroom unit in South Los Angeles located with consistent rent demand, near Downtown LA, Sofi Stadium, USC, Culver City, and South Bay. This 1,046 sq ft unit features new electrical wiring, sewer line, plumbing, windows, flooring, updated kitchens, quality quartz countertops, renovated bathrooms. Move in date to be May 16th! There is 1 gated parking spot! There is a laundry room with hook ups for the washer and dryer in the unit but no washer and dryer in the unit. Small pet friendly (there is a pet deposit for $500 & rent $50 per pet), central AC & heating, and gated parking! The tenant moving in will have a new fridge and microwave. There is currently a tenant living in the unit, however this will be delivered vacant but the middle of May.

  • March, 2024

  • Mar 21, 2024

    Date

    Leased

    CRMLS: 24357623

    $2,200

    Price

  • Feb 13, 2024

    Date

    Active

    CRMLS: 24357623

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    A fully renovated prime 2 bedroom, 1 bathroom unit in South Los Angeles located with consistent rent demand, near Downtown LA, Sofi Stadium, USC, Culver City, and South Bay. This 510 sq ft unit features new electrical wiring, sewer line, plumbing, windows, flooring, updated kitchens, quality quartz countertops, renovated bathrooms. This second house is configured as 2BR & 1BA and has it's own private rear patio. Equipped with a fully size refrigerator, oven and microwave. Small pet friendly, central AC & heating, and gated parking! There is currently a tenant living in the unit, however this will be delivered vacant but the end of February.

  • December, 2023

  • Dec 12, 2023

    Date

    Sold

    CRMLS: 23286687

    $930,000

    Price

  • Jul 3, 2023

    Date

    Active

    CRMLS: 23286687

    $970,000

    Price

  • October, 2021

  • Oct 20, 2021

    Date

    Sold

    CRMLS: DW21129975

    $575,000

    Price

  • Jun 29, 2021

    Date

    Active Under Contract

    CRMLS: DW21129975

    $575,000

    Price

  • Jun 28, 2021

    Date

    Active

    CRMLS: DW21129975

    $575,000

    Price

  • Jun 27, 2021

    Date

    Hold

    CRMLS: DW21129975

    $575,000

    Price

  • Jun 15, 2021

    Date

    Active

    CRMLS: DW21129975

    $575,000

    Price

  • Listing provided courtesy of CRMLS

    DUPLEX FOR SALE! Great opportunity to own an investment property in a great location for investors or owners to live in. Front unit is 2bedroom / 1 bathroom. Second Unit is 1 bedroom / 1 bathroom sitting on a 5664 square foot lot! Detached units with each its own yard and individual parking. When it comes to location, it is a benefit being near the 110 Fwy, USC, and minutes away from downtown LA. Detached garage has an additional storage room that can be converted to an ADU.

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Tax History for 842 W Gage Ave

Assessed Value (2020): $24,796
Year Land Value Improved Value Assessed Value
2020 $17,577 $7,219 $24,796

Home Value Compared to the Market

This property vs the competition

842 W Gage Ave sold on December 12, 2023 for 13.39% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $521.79 per/sqft which puts the price per square foot 27.93% lower than the current median sale per square foot for the city of Los Angeles.

About 842 W Gage Ave

Detailed summary of property

842 W Gage Ave is a multi family that recently sold in Los Angeles, CA 90044. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 1,859 living square feet, and sits on an approximately 5,664 square foot lot. 842 W Gage Ave was first listed on ArdentRealEstateGroup.com on July 3, 2023. The homeowner sold the property for $930,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 13.39% lower than the current median priced home. Local homes that are currently for sale include 1054 W 58th Pl, 601 W 74th St and 860 W 54th St. While the average home in Los Angeles, CA is selling in 106 days, 842 W Gage Ave has a days on market of 126 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 842 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 842 W Gage Ave

Public county record property details
Beds
2
Baths
2
Year built
1921
Sq. Ft.
1,208
Lot Size
5,663
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
6004-018-004

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
$649,900
Median List Price/Sq.Ft.
$518
Median Sold Price
$717,000
Median Sold Price/Sq.Ft.
$513
Total Inventory
93
Median Sale to List Price %
102.58%
Avg Days on Market
27
Loan Type
Conventional (38.1%), FHA (23.81%), VA (0%), Cash (9.52%), Other (9.52%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 842 W Gage Ave

837 W Gage Ave, Los Angeles, CA 90044
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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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