1620 East Gage Avenue

Los Angeles, CA 90001

$640,000
Last Sold Price
5
Beds
4
Baths
2,116 Sq. Ft.
$302 / Sq. Ft.
2,116
Sq. Ft.
$302
per Sq. Ft.

Description

Excellent mixed use investment property in the thriving city of Los Angeles. Perfect for an investor looking to diversify their portfolio and generate cash flow. This property features (2) 1 bedroom 1 bath units, (1) 2 bedroom 1 bath unit and a Mini Market. It's zoned R3 which gives it GREAT potential for someone with vision. This opportunity is centrally located near major freeways such as the 10FWY, 5FWY & 110FWY. Also, not too far from major attractions such as Downtown LA & Staples Center.Excellent mixed use investment property in the thriving city of Los Angeles. Perfect for an investor looking to diversify their portfolio and generate cash flow. This property features (2) 1 bedroom 1 bath units, (1) 2 bedroom 1 bath unit and a Mini Market. It's zoned R3 which gives it GREAT potential for someone with vision. This opportunity is centrally located near major freeways such as the 10FWY, 5FWY & 110FWY. Also, not too far from major attractions such as Downtown LA & Staples Center.
  1. Listed by Enrique Campos • DRE #01806053 • Brokerage DRE #01836587 • Century 21 Plaza

Property Details for 1620 East Gage Avenue

View
City Lights
Parking Spaces Total
2
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2116
Assessor Parcel Number
6010-030-015

Location

Listing Courtesy of Century 21 Plaza, Enrique Campos, DRE #01806053

Sold By Jacob Iloulian, Jacob Iloulian, DRE #01473338

Add your commute
LISTING UPDATED: 10/04/2022 04:24 AM

Property Details for 1620 East Gage Avenue

StatusClosed
MLS #SR22093724
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1925
Lot Size0.09 AC / 3,821 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Plaza, Enrique Campos, DRE #01806053

Sold By Jacob Iloulian, Jacob Iloulian, DRE #01473338

Add your commute

Building Information for 1620 East Gage Avenue

Stories1Residences-Year Built1925Building Size-Lot Size0.09 AC / 3,821 SF

Payment Calculator

$4,293 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,493

Property Taxes

$800

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1620 East Gage Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $48,000
  • Gross Scheduled Income: $48,000
  • Gross Spendable Income: $32,800
  • Vacancy Allowance: 0
  • Gross Operating Income: $48,000
  • Net Operating Income: $32,800
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income Description: none
  • Other Income 1: $0
  • Cap Rate: 4.8
  • Current Financing: Other
  • Financing: Conventional
Expense Details
  • Operating Expense: $15,200
  • New Taxes Expense: $8,500
  • Insurance Expense: $2,800
  • Maintenance Expense: $1,500
  • Other Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $2,400
  • Total Expenses: $15,200
Tax / Assessment Info
  • Tax Block: C
  • Tax Tract Number: 1193
  • Tax Census Tract: 5330.01
  • Tax Lot: 2
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Security Features: Smoke Detector(s)
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Sewer Paid
  • Utilities: Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage Faces Front
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $800
  • Unit Type Total Rent: $800
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1620 East Gage Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1620 East Gage Avenue

Taxable ValueLand$320,000Additions$320,000Total$640,000
Tax Record2023$9,597 ($800 / month)
Home Facts
Total Finished SqFt2,116 SqFtAbove Grade Finished SqFt2,116 SqFtStories1Lot Size3,821 SqFtStyleOffice BuildingYear Built1925ZoningLCR3YYCountyLOS ANGELESAPN6010-030-015

Schools near 1620 East Gage Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Miramonte Elementary School
PublicK to 5

Alliance Kory Hunter Middle
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Plaza, Enrique Campos, DRE #01806053

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.