NOT LISTED FOR SALE

481 S Gage Ave Los Angeles, CA 90063

Estimated Value: $548,000 - $638,023

4 Beds
2 Baths
896 Sq Ft
$653/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $480,000 $536 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,784/month

57 Days on Market

Highlights

  • City Lights View
  • Bonus Room
  • No HOA
  • James A. Garfield Senior High School Rated A
  • Granite Countertops
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2023

This property has a lot of potential, as it could potentially be converted into a multi-unit property, such as 2 units plus another one more building an additional unit with a garage and a unit on top. According to public records, the property currently has 2 bedrooms and 1 bathroom, but the seller has purchased it as having 2 bedrooms and 1 bathroom and a 1 kitchen. on the upper lever and 2 bedroom 1 bath in the in lower level, each lever has their own kitchen and bathroom.

Last Agent to Sell the Property

Raul Lozano

Berkshire Hathaway HomeServices California Properties License #01381705 Listed on: 02/01/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Linda Mendoza Razo

Homesmart Evergreen Realty License #02014425

Homesmart Evergreen Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,561

Year Built

  • Built in 1924

Lot Details

  • 4,063 Sq Ft Lot
  • Front Yard
  • Property is zoned LCR4YY

Interior Spaces

  • 896 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Bonus Room
  • City Lights Views
  • Laundry Room

Kitchen

  • Gas Range
  • Granite Countertops
  • Laminate Countertops
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Converted Bedroom
  • 2 Full Bathrooms
  • Walk-in Shower

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 28 / A
  • Tax Tract Number 1
  • Assessor Parcel Number 5238004055
  • $722 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,561

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: LCR4YY
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5238004055
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 896.00 Square Feet
  • Interior Amenities: Formica Counters, Granite Counters, Laminate Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 4
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 535.71
  • Room Type: Bonus Room, Converted Bedroom, Laundry, Living Room
  • Bathroom Features: Shower

Exterior Features

  • View: City Lights
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4063.00
  • Lot Size Acres: 0.0933

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4063.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: A
  • Tax Census Tract: 5312.01
  • Tax Lot: 28
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 722.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2023
Closed on
Apr 17, 2023
Sold by
Navarro Eduardo A
Bought by
Samaniego Stephanie
Seller's Agent
Raul Lozano
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Linda Mendoza Razo
Homesmart Evergreen Realty
List Price
$480,000
Sold Price
$480,000
Views
193
Current Estimated Value
$585,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,006
Avg. Annual Appreciation
7.12%
Original Mortgage
$384,000
Outstanding Balance
$349,291
Interest Rate
5.56%
Mortgage Type
New Conventional
Estimated Equity
$209,139

Purchase Details

Closed on
Mar 13, 2002
Sold by
Molina Irma
Bought by
Molina Raul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.99%

Purchase Details

Closed on
Mar 4, 2002
Sold by
Molina Raul R
Bought by
Navarro Eduardo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.99%

Purchase Details

Closed on
Jan 31, 2002
Sold by
Velez Francisco and Velez Rosalina
Bought by
Molina Raul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.99%

Purchase Details

Closed on
May 19, 1999
Sold by
Velez Francisco and Velez Rosalina
Bought by
Molina Raul and Velez Francisco
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Samaniego Stephanie $480,000 Orange Coast Title Company
Molina Raul R -- North American Title
Navarro Eduardo A $133,000 North American Title Co
Molina Raul R -- North American Title Co
Molina Raul -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samaniego Stephanie $384,000
Previous Owner Navarro Eduardo A $165,000
Previous Owner Navarro Eduardo A $177,000
Previous Owner Navarro Eduardo A $172,000
Previous Owner Navarro Eduardo A $106,400
Closed Navarro Eduardo A $19,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $480,000 -2.5% $536 / Sq Ft
03/29/2023 03/29/23 Price Changed $492,500 +2.6% $550 / Sq Ft
02/01/2023 02/01/23 For Sale $480,000 -- $536 / 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
2024 $6,561 $489,600 $391,680 $97,920
2023 $2,990 $188,832 $153,343 $35,489
2022 $2,863 $185,131 $150,337 $34,794
2021 $2,829 $181,502 $147,390 $34,112
2019 $2,749 $176,120 $143,019 $33,101
2018 $2,659 $172,667 $140,215 $32,452
2016 $2,546 $165,964 $134,771 $31,193
2015 $2,509 $163,472 $132,747 $30,725
2014 $2,511 $160,271 $130,147 $30,124
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR23010553

California Regional Multiple Listing Service (CRMLS)

APN: 5238-004-055