931 West Gage Avenue

Los Angeles, CA 90044

$1,100,000
Price
8
Beds
4
Baths
3,201 Sq. Ft.
$344 / Sq. Ft.
3,201
Sq. Ft.
$344
per Sq. Ft.

Description

Ready to own a four-unit property with great income. One unit is currently vacant and available for immediate occupancy upon the close of escrow. This vacant unit and the additional units have been renovated, with upgraded features. The property comprises of four spacious 2-bedroom, 1-bathroom units, approximately 800 sq ft, all located on the ground floor. Public records say the building is 3,201 square feet and is situated on a lot of 5982 square feet. Conveniently located on Gage Avenue, the property...Ready to own a four-unit property with great income. One unit is currently vacant and available for immediate occupancy upon the close of escrow. This vacant unit and the additional units have been renovated, with upgraded features. The property comprises of four spacious 2-bedroom, 1-bathroom units, approximately 800 sq ft, all located on the ground floor. Public records say the building is 3,201 square feet and is situated on a lot of 5982 square feet. 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 $6744.00 per month, providing a substantial contribution towards the purchase and living expenses for potential buyers.
  1. Listed by Nathan Bishop • DRE #01924217 • Brokerage DRE #01013548 • Carolwood Estates

Property Details for 931 West Gage Avenue

Zoning
LARD2
Accessibility Features
None
Parcel Number
6004015016
Total Units
4.0
Living Area
3201
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
1
LISTING UPDATED: 12/19/2024 12:01 AM

Property Details for 931 West Gage Avenue

StatusActive
MLS #24-470889
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.14 AC / 5,982 SF
CountyLos Angeles County

Building Information for 931 West Gage Avenue

Stories1Residences-Year Built1957Building Size-Lot Size0.14 AC / 5,982 SF

Property Information for 931 West Gage Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Income
  • Security Features: None
  • Water: District
  • Sewer: In Street
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $80,928
  • Net Operating Income: $.00
  • Gross Income: $80,928
  • Gross Rent Multiplier: $13.50
  • Actual Annual Gross Rent: $80,928.00
  • Owner Pays: Water
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1373
  • Lot Size Square Feet: 5982
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 4
  • Covered Parking: 0
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Laminate
  • Equipment: Refrigerator
  • Kitchen Features: Counter Top
  • Cooking Appliances: Cooktop - Gas
  • Laundry: In Unit
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Roof: Shingle
  • Sprinklers: None
  • Patio Features: None
  • Entry Location: Main Level
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-11-2024
  • Rent Control: No
  • Tenant Pays: Cable TV, Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,344.00
  • Unit Actual Rent: $2,344.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $154,202.00
  • Assessed Improvement Percent: 25.64
  • Assessed Land Value: $447,299.00
  • Assessed Land Percent: 74.36
  • Assessed Total Value: $601,501.00

Property History for 931 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 931 West Gage Avenue

Taxable ValueLand$456,244Additions$157,286Total$613,530
Tax Record2024$7,993 ($666 / month)
Home Facts
Total Finished SqFt3,201 SqFtAbove Grade Finished SqFt3,201 SqFtLot Size5,980 SqFtStyleQuadraplexYear Built1957ZoningLARD2CountyLOS ANGELESAPN6004-015-016

Schools near 931 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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931 West Gage Avenue is a multi-family home for sale in Los Angeles, CA 90044. This property was listed for sale on December 11, 2024 by Carolwood Estates, it's currently listed at $1,100,000. It has been on the market for a total of 10 days and was last sold on June 5, 2018. 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. 931 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 Carolwood Estates, Nathan Bishop, DRE #01924217

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.