NOT LISTED FOR SALE

1659 W Gage Ave Los Angeles, CA 90047

Harvard Park Neighborhood

Estimated Value: $733,000 - $841,825

4 Beds
2 Baths
1,890 Sq Ft
$415/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $490,000 $259 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,892/month

84 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • 3-minute walk to Jackie Tatum / Harvard Park and Recreation Center
  • No HOA

About This Home

As of November 2017

Residential Investment Opportunity. Two buildings on one parcel!

1659 Gage Ave- 3 Bedroom, 1 bath. 1188 Sq ft.
6214 Harvard Blvd - 1 bedroom, 1 bath. 702 sq ft. Positioned above the 2 car partitioned garage.
Built in 1934. Please call to view interiors. Great rental investment opportunity.

Last Agent to Sell the Property

BRYAN BRADSHAW

MERIDIAN CAPITAL REAL ESTATE License #01474887 Listed on: 07/09/2017

Last Buyer's Agent

Esmeralda Rivera

Excellence RE Real Estate Inc License #01785214

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,941

Year Built

  • Built in 1934

Lot Details

  • 4,551 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 1,890 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Tract Number 1101
  • Assessor Parcel Number 6002028001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,247
  • Maintenance Expense $2,008
  • Other Expense $1,459
  • Pest Control $265
  • Professional Management Expense $1,500
  • Water Sewer Expense $2,060
  • New Taxes Expense $5,884
  • Operating Expense $15,623
  • Gross Income $39,571
  • Net Operating Income $23,948

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,941

Year Built

Built in 1934

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Co-Agent
  • Other Phone Number: 347-276-1309
  • Professional Management Expense: 1500.00
  • Property Attached: No
  • Water Sewer Expenses: 2060.00
  • Zoning: LAR1
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6002028001
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Price Per Square Foot: 259.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Pest Control Expense: 265.00
  • Sewer: Unknown

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4551.00

Multi Family

  • Gross Operating Income: 39571.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1247.00
  • Maintenance Expense: 2008.00
  • Net Operating Income: 23948.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15623.00
  • Other Expense: 1459.00
  • Other Expense Description: flood in
  • Rent Control: No
  • Total Expenses: 15623.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 5884.00
  • Tax Census Tract: 2372.02
  • Tax Lot: 000
  • Tax Tract Number: 1101

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2017
Closed on
Oct 4, 2017
Sold by
Young Morris L
Bought by
Cruz Nancy
Seller's Agent
BRYAN BRADSHAW
MERIDIAN CAPITAL REAL ESTATE
Buyer's Agent
Esmeralda Rivera
Excellence RE Real Estate Inc
List Price
$499,990
Sold Price
$490,000
Premium/Discount to List
-$9,990
-2%
Current Estimated Value
$787,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,872
Avg. Annual Appreciation
6.23%
Original Mortgage
$367,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2016
Sold by
Young Morris L and Givens Solonia
Bought by
Young Morris L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,210
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2008
Sold by
Young Morris L
Bought by
Young Morris L and Givens Solonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2008
Sold by
Rickerson Valerie and Eddie Lee Jones Living Trust
Bought by
Young Morris L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 1996
Sold by
Rickerson Valerie
Bought by
Jones Eddie Lee and The Mrs Eddie Lee Jones Living
Source: Public Records

Range of Values:

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Average Value
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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
Cruz Nancy $490,000 Stewart Title Of Ca Inc
Young Morris L -- Placer Title Company
Young Morris L -- None Available
Young Morris L $385,000 Investors Title Company
Jones Eddie Lee -- Gateway Title Company
Jones Eddie Lee -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cruz Nancy $367,500
Previous Owner Young Morris L $280,210
Previous Owner Young Morris L $110,000
Previous Owner Young Morris L $308,000
Previous Owner Rickerson Valerie $544,185
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2017 12/01/17 Price Changed $499,990 0.0% $265 / Sq Ft
12/01/2017 12/01/17 For Sale $499,990 +2.0% $265 / Sq Ft
11/27/2017 11/27/17 Sold $490,000 0.0% $259 / Sq Ft
10/08/2017 10/08/17 Off Market $490,000 -- --
10/01/2017 10/01/17 Pending -- -- --
08/29/2017 08/29/17 Price Changed $499,990 -1.0% $265 / Sq Ft
07/09/2017 07/09/17 For Sale $505,000 -- $267 / 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 $6,941 $557,532 $455,130 $102,402
2024 $6,941 $546,601 $446,206 $100,395
2023 $6,815 $535,884 $437,457 $98,427
2022 $6,509 $525,378 $428,880 $96,498
2021 $6,422 $515,077 $420,471 $94,606
2020 $6,484 $509,796 $416,160 $93,636
2019 $6,235 $499,800 $408,000 $91,800
2018 $6,157 $490,000 $400,000 $90,000
2017 $4,711 $370,000 $333,000 $37,000
2016 $4,678 $370,000 $333,000 $37,000
2015 $4,679 $370,000 $333,000 $37,000
2014 $4,368 $335,000 $301,500 $33,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    BRYAN BRADSHAW

    MERIDIAN CAPITAL REAL ESTATE

  • Esmeralda Rivera

    Buyer's Agent in 2017

    Esmeralda Rivera

    Excellence RE Real Estate Inc

    (562) 755-1595

    2 in this area

    63 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17158325

California Regional Multiple Listing Service (CRMLS)

APN: 6002-028-001

California Los Angeles County Los Angeles 90047 Harvard Park

1659 W Gage Ave, Los Angeles, CA

This home is located at 1659 W Gage Ave, Los Angeles, CA 90047 since 09 July 2017 and is currently estimated at $784,206, approximately $414 per square foot. This property was built in 1934. 1659 W Gage Ave is a home located in Los Angeles County with nearby schools including Horace Mann Ucla Community, Augustus F. Hawkins High A Critical Design And Gaming, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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