311 West Gage Avenue

Los Angeles, CA 90003

$705,000
Last Sold Price
5
Beds
3
Baths
1,728 Sq. Ft.
$408 / Sq. Ft.
1,728
Sq. Ft.
$408
per Sq. Ft.

Description

Great opportunity to acquire this duplex with plenty of upsides. This property has 2 units, excellent for an investor or someone looking for a property with income potential. The front unit has 3 bedrooms / 2 bathrooms, and the back detached unit has 2 bedrooms / 1 bathroom, which will be delivered vacant. A one-car garage for each unit with a shared driveway. Conveniently located near the 110 freeway, downtown LA, USC, Science Center, Exposition Park, shops, and much more. Drive-by only, showings...Great opportunity to acquire this duplex with plenty of upsides. This property has 2 units, excellent for an investor or someone looking for a property with income potential. The front unit has 3 bedrooms / 2 bathrooms, and the back detached unit has 2 bedrooms / 1 bathroom, which will be delivered vacant. A one-car garage for each unit with a shared driveway. Conveniently located near the 110 freeway, downtown LA, USC, Science Center, Exposition Park, shops, and much more. Drive-by only, showings only with an accepted offer. More pictures to come.
  1. Listed by Ivan Perez • DRE #01952891 • Brokerage DRE #01775528 • Movoto, Inc.

Property Details for 311 West Gage Avenue

Zoning
LAR2
Parcel Number
6005003037
Total Units
2.0
Living Area
1728
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
1
Lot Size Area
4740

Location

Listing Courtesy of Movoto, Inc., Ivan Perez, DRE #01952891

Sold By Realty Source Incorporated, Dorit Pakdaman, DRE #01986592

Add your commute
LISTING UPDATED: 08/22/2023 02:05 PM

Property Details for 311 West Gage Avenue

StatusSold
MLS #23-238129
Days on Market146
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1918
Lot Size0.11 AC / 4,740 SF
CountyLos Angeles County

Location

Listing Courtesy of Movoto, Inc., Ivan Perez, DRE #01952891

Sold By Realty Source Incorporated, Dorit Pakdaman, DRE #01986592

Add your commute

Building Information for 311 West Gage Avenue

Stories-Residences-Year Built1918Building Size-Lot Size0.11 AC / 4,740 SF

Payment Calculator

$4,328 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,847

Property Taxes

$481

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 West Gage Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Detached
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $58,800
  • Net Operating Income: $43,307.10
  • Gross Income: $58,800
  • Cap Rate: 6.23%
  • Gross Rent Multiplier: $11.82
  • Total Annual Expense: 12552.90
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1088
  • Lot Size Square Feet: 4740
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 0
  • Parking Features: Driveway, Garage - Two Door
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-02-2023
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $157,418.00
  • Assessed Improvement Percent: 34.84
  • Assessed Land Value: $294,455.00
  • Assessed Land Percent: 65.16
  • Assessed Total Value: $451,873.00

Property History for 311 West 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 311 West Gage Avenue

Taxable ValueLand$300,344Additions$160,566Total$460,910
Tax Record2023$5,776 ($481 / month)
Home Facts
Total Finished SqFt1,728 SqFtAbove Grade Finished SqFt1,728 SqFtLot Size4,740 SqFtStyleDuplexYear Built1918ZoningLAR2CountyLOS ANGELESAPN6005-003-037

Schools near 311 West Gage Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Sixty-First Street Elementary School
PublicK to 6

Mary Mcleod Bethune Middle School
Public7 to 8

Aspire Slauson Academy Charter
CharterK to 6

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.

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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 Movoto, Inc., Ivan Perez, DRE #01952891

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.