NOT LISTED FOR SALE

329 E Gage Ave Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $631,000 - $887,000

1 Bed
1 Bath
2,694 Sq Ft
$285/Sq Ft Est. Value

Last Sold October 03, 2023

Last sale price $465,000 $173 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $4,822/month

64 Days on Market

Highlights

  • Chain Link Fence
  • No Heating
  • 2-minute walk to Avalon and Gage Park

About This Home

As of October 2023

ATTENTION INVESTORS! This 2,694 square foot (per assessor) fixer upper multi-unit property is set on a flat lot and offers an opportunity to re-imagine and create an income producing property. The assessor lists the property as a triplex, however there are four units with an attached carport and storage room. The buyer should verify and satisfy themselves with the county regarding permits and the conditions for new construction or for a complete remodel. Only moments away from USC, the Natural History Museum, the Alameda Swap Meet and Downtown Los Angeles, don't miss this opportunity to create a home ''Where Your Home Happens'.

Last Agent to Sell the Property

Cynthia Cohn

Berkshire Hathaway Home Servic License #01329698 Listed on: 05/17/2023

Berkshire Hathaway Home Servic

Last Buyer's Agent

Ernesto Sifuentes

Century 21 A Better Service License #01290591

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,017

Year Built

  • Built in 1929

Lot Details

  • 5,003 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • No Sprinklers

Home Design

  • 2,694 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • Carport
  • Parking Available

Additional Features

  • Suburban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number 6006021023

Community Details

Overview

  • 2 Buildings

Building Details

  • Rent Control
  • 4 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,017

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 6006021023
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 172.61

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 5003.00
  • Lot Size Acres: 0.1149

Multi Family

  • Lot Size Area: 5003.0000 Square Feet
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 3
  • Rent Control: Yes

Tax Info

  • Tax Lot: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Sep 8, 2023
Sold by
Cornett Bailey Nikki
Bought by
King James Kevin
Seller's Agent
Cynthia Cohn
Berkshire Hathaway Home Servic
Buyer's Agent
Ernesto Sifuentes
Century 21 A Better Service
List Price
$599,000
Sold Price
$465,000
Premium/Discount to List
-$134,000
-22.37%
Views
47
Current Estimated Value
$768,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,333
Avg. Annual Appreciation
30.07%
Original Mortgage
$650,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2023
Closed on
Aug 10, 2023
Sold by
Johnson Deborah K
Bought by
Cyprus Kip C and Cyprus Amy L
Seller's Agent
Cynthia Cohn
Berkshire Hathaway Home Servic
Buyer's Agent
Ernesto Sifuentes
Century 21 A Better Service
List Price
$599,000
Sold Price
$465,000
Premium/Discount to List
-$134,000
-22.37%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2006
Sold by
Moran Brenda
Bought by
Coleman Phil

Purchase Details

Closed on
Mar 30, 2004
Sold by
Walker Minnie M
Bought by
Moran Brenda Y and Johnson Deborah K

Purchase Details

Closed on
Oct 3, 2003
Sold by
Walker Minnie M and Clayde & Minnie Walker Family
Bought by
King James Kevin and Moran Brenda

Purchase Details

Closed on
Jan 5, 1998
Sold by
Walker Minnie M
Bought by
Walker Minnie M and The Clyde & Minnie Walker Fami
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
King James Kevin -- Lawyers Title
Cyprus Kip C $465,000 Lawyers Title
Coleman Phil -- None Available
Moran Brenda Y -- --
King James Kevin -- --
Walker Minnie M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cyprus Kip C $1,000,000
Closed Cyprus Kip C $500,000
Closed Cyprus Kip C $650,000
Previous Owner Johnson Deborah K $62,522
Previous Owner King James $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2023 10/03/23 Sold $465,000 -22.4% $173 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
05/17/2023 05/17/23 For Sale $599,000 -- $222 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $8,017 $642,600 $469,200 $173,400
2024 $8,017 $630,000 $460,000 $170,000
2023 $4,119 $305,166 $87,662 $217,504
2022 $3,939 $299,184 $85,944 $213,240
2021 $3,879 $293,318 $84,259 $209,059
2019 $3,770 $284,620 $81,761 $202,859
2018 $3,667 $279,040 $80,158 $198,882
2016 $3,483 $268,207 $77,047 $191,160
2015 $3,435 $264,179 $75,890 $188,289
2014 $3,465 $259,005 $74,404 $184,601
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Cohn

    Seller's Agent in 2023

    Cynthia Cohn

    Berkshire Hathaway Home Servic

    (626) 714-6808

    1 in this area

    126 Total Sales

    Cynthia Cohn
    Section Image
  • Ernesto Sifuentes

    Buyer's Agent in 2023

    Ernesto Sifuentes

    Century 21 A Better Service

    (562) 231-2890

    4 in this area

    40 Total Sales

    Ernesto Sifuentes
    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-13628

Pasadena-Foothills Association of REALTORS®

APN: 6006-021-023

California Los Angeles County Los Angeles 90003 Florence

329 E Gage Ave, Los Angeles, CA

This home is located at 329 E Gage Ave, Los Angeles, CA 90003 since 17 May 2023 and is currently estimated at $768,333, approximately $285 per square foot. This property was built in 1929. 329 E Gage Ave is a home located in Los Angeles County with nearby schools including Sixty-Sixth Street Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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