927 West Gage Avenue

Los Angeles, CA 90044

$995,000
Price
8
Beds
4
Baths
3,201 Sq. Ft.
$311 / Sq. Ft.
3,201
Sq. Ft.
$311
per Sq. Ft.

Description

We are pleased to present a four-unit property, with one unit currently vacant and available for immediate occupancy upon the close of escrow. This vacant unit, along with an additional unit, has been extensively renovated, featuring modern design elements and high-quality finishes. The property comprises four spacious 2-bedroom, 1-bathroom units, all located on the ground floor. According to public records, the building encompasses 3,200 square feet and is situated on a lot exceeding 6,100 square...We are pleased to present a four-unit property, with one unit currently vacant and available for immediate occupancy upon the close of escrow. This vacant unit, along with an additional unit, has been extensively renovated, featuring modern design elements and high-quality finishes. The property comprises four spacious 2-bedroom, 1-bathroom units, all located on the ground floor. According to public records, the building encompasses 3,200 square feet and is situated on a lot exceeding 6,100 square feet. The available unit has been significantly upgraded, including the installation of mini-split systems, a new kitchen with contemporary cabinets and countertops, a renovated bathroom, and updated plumbing. Conveniently located on Gage Avenue, the property is less than half a mile from the 110 Freeway, situated between Hoover and Vermont. The surrounding area includes a mix of single-family residences and apartment buildings. The remaining three units generate a total rental income of over $4,900 per month, providing a substantial contribution towards the purchase and living expenses for potential buyers.
  1. Listed by Krikor Garabedian • DRE #01216376 • Brokerage DRE #01434190 • Keller Williams R. E. Services • 818-298-8810

Property Details for 927 West Gage Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Lot Size Source
Assessor
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 08/27/2024 09:00 AM

Property Details for 927 West Gage Avenue

StatusActive
MLS #GD24155978
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.14 AC / 6,116 SF
CountyLos Angeles County

Building Information for 927 West Gage Avenue

Stories1Residences-Year Built1957Building Size-Lot Size0.14 AC / 6,116 SF

Property Information for 927 West Gage Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $89,037
  • Gross Scheduled Income: $89,037
  • Vacancy Allowance: 1781
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $87,257
  • Net Operating Income: $59,964
  • Gross Multiplier: 11.17
  • Cap Rate: 6.0
Expense Details
  • Operating Expense: $27,292
  • Fuel Expense: $0
  • Licenses Expense: $427
  • Electric Expense: $3,533
  • Insurance Expense: $2,420
  • Maintenance Expense: $3,536
  • Trash Expense: $0
  • Water Sewer Expense: $3,533
  • Total Expenses: $27,292
Tax / Assessment Info
  • Tax Tract Number: 4909
  • Tax Census Tract: 2371.01
  • CFD/Mello-Roos Fee: $624
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Cooling: Ductless
Exterior Features
  • Entry Location: Ground Floor Entry Front Door
  • Pool Features: None
  • Pool: N/K
Green Info
  • Walk Score: 79
Land/Lot Info
  • Lot Features: Rectangular Lot, Level
  • Land Lease: No
  • Levels: One
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $972
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,866
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,080
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $0
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 927 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 927 West Gage Avenue

Taxable ValueLand$624,240Additions$156,060Total$780,300
Tax Record2023$9,983 ($832 / month)
Home Facts
Total Finished SqFt3,201 SqFtAbove Grade Finished SqFt3,201 SqFtLot Size6,114 SqFtStyleQuadraplexYear Built1957ZoningLARD2CountyLOS ANGELESAPN6004-015-015

Schools near 927 West Gage Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John Muir Middle School
Public6 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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927 West Gage Avenue is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on August 12, 2024 by Keller Williams R. E. Services, it's currently listed at $995,000. It has been on the market for a total of 34 days and was last sold on June 23, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include ICEF Lou Dantzler Preparatory Academy Charter, John Muir Middle School and Augustus F. Hawkins High A Critical Design And Gaming. 927 West Gage Avenue is a 8-bed, 4-bath, 3,201 sqft multi-family home built in 1957.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams R. E. Services, Krikor Garabedian, DRE #01216376

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.