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

$975,000
  • 7 Beds
  • 6 Baths
  • 1,578 Sq.Ft.
For Sale
$975,000 Get Pre-Qualified
Map preview of 843 N Gage Ave, Los Angeles, CA 90063

Property Overview: 843 N Gage Ave Los Angeles, CA has 7 bedrooms, 6 bathrooms, 1,578 living square feet and 3,471 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: Excellent Income Producing Property. Good opportunity for the owner user, and investor to live in one and get income from 2 other units The property includes 3 units. Each unit has one bedroom and one bathroom. The front unit ( 843 N GAGE AVE) is VACANT and has a beautiful private yard, The back structure has 2 units. The upstairs ( 3727 1/2 Blanchard Street) unit is paying $2450 monthly. The downstairs unit ( 3727 Blanchard) is paying $2092.All units have been remodeled from the exterior and interior. All utilities are paid by tenants.

Listed by Shahram Shamounpour | BRE #02122389 | Keller Williams Realty Westside
Last checked: 6 minutes ago | Last updated: March 15th, 2024 | Source CRMLS | DOM: 49
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Home details

Lot Sq. Ft
3,471
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24366231
City
Los Angeles
County
Los Angeles
Time on Site
55 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,450
  • Total Rent: $2,450
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,092
  • Total Rent: $2,092
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.5%
  • Gross Rent Multiplier: 11.65
  • Gross Scheduled Income: --
  • Net Operating Income: $61,200
  • Gross Operating Income: $81,600
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 843 N Gage Ave

Interior Features
Heating Information
  • Has Heating
  • Natural Gas
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two, One
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Property Information
  • Total # of Units: 3
  • Parcel Number: 5230010015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North Gage & Blanchard
View more facts & features

Local Los Angeles Agent

Sale History for 843 N Gage Ave

Last sold for $370,000 on February 24th, 2015

  • March, 2024

  • Mar 7, 2024

    Date

    Active

    CRMLS: 24366231

    $975,000

    Price

  • July, 2023

  • Jul 20, 2023

    Date

    Expired

    CRMLS: 23271409

    $2,300

    Price

  • May 19, 2023

    Date

    Active

    CRMLS: 23271409

    $2,300

    Price

  • Listing provided courtesy of CRMLS

    Beautiful newly renovated Duplex in the top floor corner. This Unit (Approx. 1250 SQ. FT.) offers 2 bedrooms, 1 bathroom. Remodeled kitchen, living room, and floor. Ready to move in. Quiet and beautiful neighborhood

  • February, 2015

  • Feb 24, 2015

    Date

    Sold (Public Records)

    Public Records

    $370,000

    Price

  • August, 2010

  • Aug 30, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 843 N Gage Ave

Assessed Value (2020): $406,603
Year Land Value Improved Value Assessed Value
2020 $274,732 $131,871 $406,603

Home Value Compared to the Market

This property vs the competition

843 N Gage Ave is listed 21.05% lower than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $617.87 per/sqft which puts the price per square foot 20.17% lower than the median price per square foot for the city of Los Angeles.

About 843 N Gage Ave

Detailed summary of property

843 N Gage Ave is a multi family located in Los Angeles, CA 90063 and is currently for sale. This multi family property offers 7 bedrooms, 6 bathrooms, roughly 1,578 living square feet, and sits on an approximately 3,471 square foot lot. 843 N Gage Ave was first listed on ArdentRealEstateGroup.com on March 14, 2024. The homeowner is currently asking $975,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.05% lower than the median priced home. Local competing homes currently for sale include 2831 Boulder St, 2809 Folsom St and 2530 Ganahl St. While the average home in Los Angeles, CA is selling in 94 days, 843 N Gage Ave has a days on market of 49 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 843 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 843 N Gage Ave

Public county record property details
Beds
3
Baths
3
Year built
1921
Sq. Ft.
1,578
Lot Size
3,470
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5230-010-015

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
$640,000
Median List Price/Sq.Ft.
$625
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
29
Median Sale to List Price %
90.57%
Avg Days on Market
31
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (28.57%)

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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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