Seller's Agent in 2019
KATRINA ELDRIDGE
HomeSmart Realty Group
(310) 529-7335
4 Total Sales
217 E Gage Ave Los Angeles, CA 90003
Florence NeighborhoodEstimated Value: $722,000 - $762,000
4
Beds
3
Baths
1,996
Sq Ft
$375/Sq Ft
Est. Value
Highlights
- Dual Staircase
- No HOA
- Wrought Iron Fence
- Colonial Architecture
- Living Room
- Wall Furnace
About This Home
As of August 2019Huge price reduction! Live in one rent out the others! Don't miss out on this great investment opportunity to own multiple units with upside rental growth potential. Centrally located to USC, Museums, freeways and much more! Plenty of off street parking, separate meters, 2 separate buildings, month to month tenants and almost 2000 sf of living space in a R2 zoning area!
Last Agent to Sell the Property
HomeSmart Realty Group License #01374471 Listed on: 12/16/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 4,722 Sq Ft Lot
- Property fronts an alley
- 1 Common Wall
- Wrought Iron Fence
- Front Yard
Parking
- 2 Car Garage
- Parking Available
- Community Parking Structure
Home Design
- Colonial Architecture
- Property Attached
- Fire Rated Drywall
- Shingle Roof
- Partial Copper Plumbing
- Plaster
Interior Spaces
- 1,996 Sq Ft Home
- Dual Staircase
- Living Room
- Laminate Flooring
Kitchen
- Gas Oven
- Gas Cooktop
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Utilities
- Wall Furnace
- Natural Gas Connected
- Phone Available
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 340
- Tax Tract Number 8
- Assessor Parcel Number 6006012023
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $2,500
- Insurance Expense $1,400
- Trash Expense $60
- Water Sewer Expense $150
- New Taxes Expense $8,437
- Operating Expense $210
- Gross Income $37,500
- Net Operating Income $30,640
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2018
Closed on
Aug 1, 2019
Sold by
The Valzaquez Company Llc
Bought by
Garcia Cesar
Seller's Agent
KATRINA ELDRIDGE
HomeSmart Realty Group
Buyer's Agent
KATRINA ELDRIDGE
HomeSmart Realty Group
List Price
$675,000
Sold Price
$550,000
Premium/Discount to List
-$125,000
-18.52%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,724
Avg. Annual Appreciation
4.81%
Original Mortgage
$540,038
Outstanding Balance
$469,708
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$279,016
Purchase Details
Closed on
Dec 9, 2015
Sold by
Velazquez Garcia Elias and Velazquez Fredesvinda
Bought by
The Velazquez Family Company Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garcia Cesar | $550,000 | Old Republic Title Company | |
| The Velazquez Family Company Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Garcia Cesar | $540,038 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/07/2019 08/07/19 | Sold | $550,000 | -1.8% | $276 / Sq Ft |
| 04/12/2019 04/12/19 | Pending | -- | -- | -- |
| 03/30/2019 03/30/19 | Price Changed | $560,000 | -2.6% | $281 / Sq Ft |
| 03/20/2019 03/20/19 | Price Changed | $575,000 | -2.5% | $288 / Sq Ft |
| 03/14/2019 03/14/19 | Price Changed | $590,000 | -10.6% | $296 / Sq Ft |
| 01/08/2019 01/08/19 | Price Changed | $660,000 | -2.2% | $331 / Sq Ft |
| 12/16/2018 12/16/18 | For Sale | $675,000 | -- | $338 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $7,449 | $601,501 | $328,093 | $273,408 |
| 2024 | $7,449 | $589,708 | $321,660 | $268,048 |
| 2023 | $7,308 | $578,146 | $315,353 | $262,793 |
| 2022 | $6,974 | $566,811 | $309,170 | $257,641 |
| 2021 | $6,883 | $555,698 | $303,108 | $252,590 |
| 2020 | $6,950 | $550,000 | $300,000 | $250,000 |
| 2019 | $6,144 | $493,461 | $191,017 | $302,444 |
| 2018 | $6,062 | $483,786 | $187,272 | $296,514 |
| 2016 | $5,784 | $465,000 | $180,000 | $285,000 |
| 2015 | $3,043 | $241,994 | $98,356 | $143,638 |
| 2014 | $3,071 | $237,255 | $96,430 | $140,825 |
Source: Public Records
Agents Affiliated with this Home
-
KATRINA ELDRIDGE
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IN18292380
APN: 6006-012-023
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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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