NOT LISTED FOR SALE

227 N Gage Ave Los Angeles, CA 90063

Estimated Value: $832,000 - $1,092,000

6 Beds
4 Baths
2,514 Sq Ft
$377/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $810,000 $322 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,043/month

26 Days on Market

Highlights

  • No HOA
  • James A. Garfield Senior High School Rated A
  • Laundry Room

About This Home

As of September 2021

**Check out ANOTHER HUGE PRICE REDUCTION!! This Seller is VERY MOTIVATED to sell! New Video click on the 360 to view**Great Legal, 3 SEPARATE HOMES each with their own yard in Wellington Heights Community! 227, 229 & 229 1/2 each with their own address. Live in one and rent the other 2 or keep as investment and rent all 3. This great property is only 5 minutes from downtown LA, less than 5 minutes to metro link and within walking distance to lots of local business including the grocery store. Lots of upgrades including NEW windows, wood fencing, electrical and copper plumbing throughout. In front main house upgrades also include New fresh paint, porch has been completely redone, new laminate flooring, tile in bathrooms, kitchen and laundry room. Motivated seller!! Each unit has its own laundry facility. See private remarks for more information.

Last Agent to Sell the Property

Margaret Chappell

Corcoran Global Living License #01218542 Listed on: 07/22/2021

Corcoran Global Living

Last Buyer's Agent

Lamar Bontrager

eXp Realty of Greater Los Angeles License #02096345

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,877

Year Built

  • Built in 1912

Lot Details

  • 7,419 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre
  • Land Lease

Home Design

  • Composition Roof

Interior Spaces

  • 2,514 Sq Ft Home
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 27 / D
  • Tax Tract Number 1
  • Assessor Parcel Number 5232026029

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $960
  • Insurance Expense $1,000
  • Trash Expense $720
  • Water Sewer Expense $720
  • Operating Expense $3,400
  • Gross Income $46,800
  • Net Operating Income $73,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,877

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 720.00
  • Zoning: LCR4*
  • Property Type: Residential Income
  • Parcel Number: 5232026029
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Price Per Square Foot: 322.20

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7419.00
  • Lot Size Acres: 0.1703

Multi Family

  • Fuel Expense: 960.00
  • Gross Income: 46800.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7419.0000 Square Feet
  • Net Operating Income: 73400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3400.00
  • Rent Control: No
  • Total Expenses: 3400.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 5311.01
  • Tax Lot: 27
  • Tax Tract: Wellington Heights
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2021
Closed on
Sep 23, 2021
Sold by
Ponce-Smith Olivia Sandra
Bought by
Beiler Luke and Beiler Benjamin
Seller's Agent
Margaret Chappell
Corcoran Global Living
Buyer's Agent
Lamar Bontrager
eXp Realty of Greater Los Angeles
List Price
$889,900
Sold Price
$810,000
Premium/Discount to List
-$79,900
-8.98%
Current Estimated Value
$948,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,446
Avg. Annual Appreciation
3.53%
Original Mortgage
$607,500
Outstanding Balance
$555,184
Interest Rate
2.8%
Estimated Equity
$374,339

Purchase Details

Listed on
Jul 22, 2021
Closed on
Sep 7, 2021
Sold by
Beiler Maria
Bought by
Beiler Benjamin
Seller's Agent
Margaret Chappell
Corcoran Global Living
Buyer's Agent
Lamar Bontrager
eXp Realty of Greater Los Angeles
List Price
$889,900
Sold Price
$810,000
Premium/Discount to List
-$79,900
-8.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Outstanding Balance
$555,184
Interest Rate
2.8%
Estimated Equity
$374,339

Purchase Details

Closed on
Nov 9, 2017
Sold by
Ponce Smith Olivia Sandra and Smith Tim Almon
Bought by
Ponce Smith Olivia Sandra

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
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2014
Sold by
Sato Danny A and Yoshiyama Ronald M
Bought by
Smith Tim Almon and Ponce Smith Olivia Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,385
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 21, 2014
Sold by
Lee Fumi Jane and Nakamoto Thelma Y
Bought by
Sato Danny A

Purchase Details

Closed on
Feb 22, 2008
Sold by
Yoshiyama Ronald M and Kiyoshi Yoshima 2005 Trust
Bought by
Yoshiyama Ronald M

Purchase Details

Closed on
Dec 16, 2005
Sold by
Yoshiyama Kiyoshi
Bought by
Yoshiyama Kiyoshi and Kiyoshi Yoshiyama 2005 Trust

Purchase Details

Closed on
Jan 24, 2005
Sold by
Yoshiyama Kiyoshi and Yoshiyama Mary Mitsuko
Bought by
Yoshiyama Kiyoshi

Purchase Details

Closed on
Oct 22, 2003
Sold by
Yoshiyama Kiyoshi and Yoshiyama Mary M
Bought by
Yoshiyama Kiyoshi and Yoshiyama Mary M

Purchase Details

Closed on
Aug 11, 2000
Sold by
Yoshiyama Kiyoshi and Yoshiyama Mary M
Bought by
Yoshiyama Kiyoshi and Yoshiyama Mary M

Purchase Details

Closed on
Jul 26, 1996
Sold by
Yoshiyama Kiyoshi and Yoshiyama Mary M
Bought by
Yoshiyama Kiyoshi and Yoshiyama Mary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.32%
Source: Public Records

Range of Values:

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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
Beiler Luke $810,000 Pacific Coast Title
Beiler Benjamin -- Pacific Coast Title
Beiler Luke -- Pacific Coast Title
Ponce Smith Olivia Sandra -- Chicago Title Company
Smith Tim Almon $310,000 Lawyers Title
Sato Danny A -- Lawyers Title
Yoshiyama Ronald M -- None Available
Yoshiyama Kiyoshi -- None Available
Yoshiyama Kiyoshi -- None Available
Yoshiyama Kiyoshi -- --
Yoshiyama Kiyoshi -- --
Yoshiyama Kiyoshi -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beiler Luke $607,500
Closed Beiler Benjamin $607,500
Previous Owner Smith Olivia Sandra Ponce $490,000
Previous Owner Ponce Smith Olivia Sandra $398,000
Previous Owner Smith Tim Almon $360,195
Previous Owner Smith Tim Almon $304,385
Previous Owner Yoshiyama Kiyoshi $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $810,000 +1.3% $322 / Sq Ft
08/06/2021 08/06/21 Price Changed $799,900 -3.0% $318 / Sq Ft
08/02/2021 08/02/21 Price Changed $825,000 -5.7% $328 / Sq Ft
08/01/2021 08/01/21 Price Changed $875,000 -0.6% $348 / Sq Ft
07/29/2021 07/29/21 Price Changed $880,000 -0.6% $350 / Sq Ft
07/29/2021 07/29/21 Price Changed $884,900 -0.6% $352 / Sq Ft
07/22/2021 07/22/21 For Sale $889,900 -- $354 / 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 $11,877 $859,577 $539,093 $320,484
2024 $11,877 $842,723 $528,523 $314,200
2023 $11,426 $826,200 $518,160 $308,040
2022 $10,905 $810,000 $508,000 $302,000
2021 $5,560 $344,196 $222,063 $122,133
2020 $5,592 $340,668 $219,787 $120,881
2019 $5,412 $333,989 $215,478 $118,511
2018 $5,273 $327,441 $211,253 $116,188
2017 $5,180 $321,021 $207,111 $113,910
2016 $5,054 $314,727 $203,050 $111,677
2015 $3,375 $172,313 $99,184 $73,129
2014 $3,386 $168,939 $97,242 $71,697
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG21161417

California Regional Multiple Listing Service (CRMLS)

APN: 5232-026-029