NOT LISTED FOR SALE

3311 E Gage Ave Huntington Park, CA 90255

Estimated Value: $813,242

4 Beds
4 Baths
3,000 Sq Ft
$271/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $705,000 $235 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,319/month

89 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wall Furnace
  • Linda Esperanza Marquez High School Rated A-

About This Home

As of February 2022

Tons of potential in this mixed use 4 unit property in the city of Huntington Park. Great location with high traffic and street frontage on Gage Ave. Property consists of two commercial storefront units and two residential units in the rear. Residential units consist of a 3 bed 1 bath and a 1 bed 1 bath and a one car garage. All fully rented with under market rents. Great opportunity for an investor to upgrade property and increase rents or develop a new mixed use project. Perfect for an entrepreneur to run their business out of one unit and rent the others or live and work in one place. Don't miss this opportunity to own your very own income producing property. Property sold AS IS and no repairs will be done.

Last Agent to Sell the Property

Ronnie Konishi

American 1st Real Estate License #01832704 Listed on: 08/22/2021

Last Buyer's Agent

Ronnie Konishi

American 1st Real Estate License #01832704 Listed on: 08/22/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,829

Year Built

  • Built in 1951

Lot Details

  • 5,451 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Property Attached
  • Cosmetic Repairs Needed

Interior Spaces

  • 3,000 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 301
  • Tax Tract Number 5682
  • Assessor Parcel Number 6319019014

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,800
  • Trash Expense $960
  • Water Sewer Expense $1,200
  • Operating Expense $3,960
  • Gross Income $4,932
  • Net Operating Income $4,202

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,829

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: HPCG*
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6319019014
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Price Per Square Foot: 235.00

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 5451
  • Lot Size Sq Ft: 5451.00
  • Lot Size Acres: 0.1251

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Fuel Expense: 1800.00
  • Gross Income: 4932.00
  • Gross Scheduled Income: 4932.00
  • Lot Size Area: 5451.0000 Square Feet
  • Net Operating Income: 4202.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 730.00
  • Rent Control: No
  • Total Actual Rent: 4932.00
  • Total Expenses: 3960.00

Tax Info

  • Tax Census Tract: 5332.01
  • Tax Lot: 301
  • Tax Tract Number: 5682

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2021
Sold by
Anguiano Evangelina
Bought by
Sle Enterprises Inc
Current Estimated Value
$813,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2005
Sold by
Gonzalez William P and Gonzalez Luz M
Bought by
Anguiano Evangelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
5.61%
Mortgage Type
Commercial
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
Sle Enterprises Inc $705,000 Lawyers Title
Anguiano Evangelina $340,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sle Enterprises Inc $400,000
Previous Owner Anguiano Evangelina $272,000
Previous Owner Gonzalez William $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2022 02/24/22 Sold $705,000 -6.0% $235 / Sq Ft
08/22/2021 08/22/21 For Sale $749,999 -- $250 / 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 $11,829 $748,151 $424,483 $323,668
2024 $11,829 $733,482 $416,160 $317,322
2023 $11,613 $719,100 $408,000 $311,100
2022 $7,599 $446,583 $334,941 $111,642
2021 $7,480 $437,827 $328,374 $109,453
2020 $7,498 $433,338 $325,007 $108,331
2019 $7,257 $424,842 $318,635 $106,207
2018 $7,031 $416,513 $312,388 $104,125
2016 $7,089 $400,341 $300,258 $100,083
2015 $6,580 $394,328 $295,748 $98,580
2014 $6,546 $386,604 $289,955 $96,649
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21167257

California Regional Multiple Listing Service (CRMLS)

APN: 6319-019-014