NOT LISTED FOR SALE

1322 W Gage Ave Los Angeles, CA 90044

Vermont-Slauson Neighborhood

Estimated Value: $735,000 - $965,696

4 Beds
2 Baths
1,746 Sq Ft
$464/Sq Ft Est. Value

Last Sold December 23, 2016

Last sale price $425,000 $243 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,757/month

28 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Wall Furnace

About This Home

As of December 2016

***TWO UNITS PLUS RUMPUS ROOM LOCATED IN THE VERMONT-SLAUSON NEIGHBORHOOD*** The front home (#1322) features 3 bedrooms, 1 bathroom and will be available for occupancy at close of escrow. The 2nd unit (#1322 1/2) is a 1 bedroom, 1 bathroom rental and there are 2 single detached garages with a RUMPUS ROOM (cannot be used as a legal rental) attached to the rear of the garage. Separate gas and electric meters! HURRY - DON'T MISS THIS OPPORTUNITY!

Last Agent to Sell the Property

Laura Roman

Boardwalk Properties License #00458210 Listed on: 09/08/2016

Last Buyer's Agent

Maria Buenrostro

American Capitol Realty License #01476534

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,183

Year Built

  • Built in 1923

Lot Details

  • 6,338 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 1,746 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 272
  • Tax Tract Number 3987
  • Assessor Parcel Number 6003034007

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,800
  • Net Operating Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,183

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6003034007
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 243.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6338.00
  • Price Per Lot Square Foot: 63.10

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 546
  • Average3 Bed Area: 1200
  • Gross Income: 1800.00
  • Gross Scheduled Income: 21600.00
  • Net Operating Income: 16200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 5400.00
  • Rent Control: Yes
  • Total Actual Rent: 1800.00

Tax Info

  • Tax Lot: 272
  • Tax Tract Number: 3987

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2016
Closed on
Oct 31, 2016
Sold by
Thompkin Jones Marilyn
Bought by
Jones Ernest
Seller's Agent
Laura Roman
Boardwalk Properties
Buyer's Agent
Maria Buenrostro
American Capitol Realty
List Price
$399,900
Sold Price
$425,000
Premium/Discount to List
$25,100
6.28%
Current Estimated Value
$810,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,424
Avg. Annual Appreciation
7.57%
Original Mortgage
$417,302
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 21, 2016
Sold by
The Ernest Jones Iii Separate Property L
Bought by
Rodriguez Irineo and Rodriguez Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,302
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 12, 2015
Sold by
Jones Ernest
Bought by
The Ernest Jones Iii Separate Property L
Source: Public Records

Range of Values:

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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
Jones Ernest -- Title 365
Rodriguez Irineo $425,000 Title 365
The Ernest Jones Iii Separate Property L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Irineo $417,302
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2016 12/23/16 Sold $425,000 +6.3% $243 / Sq Ft
09/16/2016 09/16/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $399,900 0.0% $229 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
08/19/2016 08/19/16 For Sale $399,900 -- $229 / 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 $6,183 $493,243 $382,991 $110,252
2024 $6,183 $483,573 $375,482 $108,091
2023 $6,072 $474,092 $368,120 $105,972
2022 $5,802 $464,797 $360,902 $103,895
2021 $5,724 $455,684 $353,826 $101,858
2020 $5,779 $451,012 $350,198 $100,814
2019 $5,558 $442,170 $343,332 $98,838
2018 $5,432 $433,500 $336,600 $96,900
2016 $1,990 $148,400 $131,926 $16,474
2015 $1,964 $146,172 $129,945 $16,227
2014 $1,986 $143,310 $127,400 $15,910
Source: Public Records

Agents Affiliated with this Home

  • Laura Roman

    Seller's Agent in 2016

    Laura Roman

    Boardwalk Properties

    (562) 209-3645

    1 in this area

    35 Total Sales

    Section Image

  • M

    Buyer's Agent in 2016

    Maria Buenrostro

    American Capitol Realty

    (562) 622-4455

    Maria Buenrostro
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16183569

California Regional Multiple Listing Service (CRMLS)

APN: 6003-034-007

California Los Angeles County Los Angeles 90044 Vermont-Slauson

1322 W Gage Ave, Los Angeles, CA

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