NOT LISTED FOR SALE

131 E Gage Ave Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $702,000 - $839,474

3 Beds
2 Baths
1,700 Sq Ft
$438/Sq Ft Est. Value

Last Sold June 21, 2017

Last sale price $393,000 $231 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $4,456/month

24 Days on Market

About This Home

As of June 2017

Great Investment opportunity for an investor and first time buyer. This duplex features a front unit 2 beds 1 bath, second unit is 1 bed 1 bath.
All units are occupied and investors can start cash flowing immediately or first time buyers can live in one unit and rent the other unit. These units were recently remodeled and are in great condition.

Last Agent to Sell the Property

Jose Sarabia

Resolution Brokers License #01824162 Listed on: 01/10/2017

Last Buyer's Agent

Manuel Saravia

Quickshow Realty License #01104654

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 4,721 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 1,700 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 329
  • Tax Tract Number 2393
  • Assessor Parcel Number 6006011021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Water Sewer Expense $100
  • Operating Expense $200
  • Gross Income $2,700
  • Net Operating Income $2,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 100.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6006011021
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 231.18

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4721.00

Multi Family

  • Gross Income: 2700.00
  • Gross Scheduled Income: 2700.00
  • Net Operating Income: 2500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 200.00
  • Rent Control: Yes
  • Total Expenses: 200.00

Tax Info

  • Tax Census Tract: 2392.02
  • Tax Lot: 329
  • Tax Tract Number: 2393

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2020
Sold by
Lopez Jose M
Bought by
Lopez Jose and Pizano Maria P
Current Estimated Value
$744,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Outstanding Balance
$352,610
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$391,759

Purchase Details

Closed on
Feb 10, 2017
Sold by
Aguirre Jose
Bought by
Lopez Jose M and Pizano Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,836
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 2012
Sold by
Aguirre Sandra
Bought by
Aguirre Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,500
Interest Rate
3.58%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 27, 2011
Sold by
Wells Fargo Bank National Association
Bought by
Aguirre Jose

Purchase Details

Closed on
Sep 22, 2010
Sold by
Morales Martha and Mayorga Ariel H
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
May 15, 2009
Sold by
Morales Martha
Bought by
Morales Martha

Purchase Details

Closed on
May 31, 2006
Sold by
Mayorga Ariel H and Morales Martha
Bought by
Mayorga Ariel H and Morales Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,000
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 24, 2005
Sold by
Morales Martha
Bought by
Mayorga Ariel H and Morales Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2002
Sold by
Morales Martha and Ramirez Claudia
Bought by
Morales Martha

Purchase Details

Closed on
Mar 1, 2001
Sold by
Morales Martha and Ramirez Claudia
Bought by
Morales Martha and Ramirez Claudia

Purchase Details

Closed on
Jan 28, 2001
Sold by
Morales Martha and Ramirez Claudia
Bought by
Morales Martha and Ramirez Claudia

Purchase Details

Closed on
Aug 7, 2000
Sold by
Byrd Eva M Decd Est Of
Bought by
Ramirez Claudia C and Morales Martha D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,814
Interest Rate
8.12%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Jose -- Fidelity National Title
Lopez Jose M $393,000 Western Resources Title
Aguirre Jose -- Ortc
Aguirre Jose $155,000 Fidelity National Title
Wells Fargo Bank National Association $481,377 None Available
Morales Martha -- None Available
Mayorga Ariel H -- Security Union Title Co
Mayorga Ariel H -- Sut
Morales Martha -- --
Morales Martha -- --
Morales Martha -- --
Ramirez Claudia C $145,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Jose $397,500
Previous Owner Lopez Jose M $385,836
Previous Owner Aguirre Jose $170,500
Previous Owner Mayorga Ariel H $398,000
Previous Owner Mayorga Ariel H $292,500
Previous Owner Ramirez Claudia C $143,814
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2017 06/21/17 Sold $393,000 +2.1% $231 / Sq Ft
02/03/2017 02/03/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $385,000 -- $226 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,673 $541,953 $373,162 $168,791
2024 $6,673 $531,328 $365,846 $165,482
2023 $6,547 $520,911 $358,673 $162,238
2022 $6,245 $510,698 $351,641 $159,057
2021 $5,232 $421,374 $289,494 $131,880
2020 $5,282 $417,054 $286,526 $130,528
2019 $5,078 $408,877 $280,908 $127,969
2018 $5,016 $400,860 $275,400 $125,460
2016 $4,131 $330,410 $201,623 $128,787
2015 $4,122 $325,448 $198,595 $126,853
2014 $4,096 $319,074 $194,705 $124,369
Source: Public Records

Agents Affiliated with this Home

  • Jose Sarabia

    Seller's Agent in 2017

    Jose Sarabia

    Resolution Brokers

    (562) 843-6031

    2 in this area

    32 Total Sales

    Jose Sarabia
    Section Image

  • M

    Buyer's Agent in 2017

    Manuel Saravia

    Quickshow Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17007134

California Regional Multiple Listing Service (CRMLS)

APN: 6006-011-021

California Los Angeles County Los Angeles 90003 Florence

131 E Gage Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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