NOT LISTED FOR SALE

712 S Gage Ave Los Angeles, CA 90023

Estimated Value: $756,000 - $924,481

11 Beds
6 Baths
2,240 Sq Ft
$369/Sq Ft Est. Value

Last Sold October 21, 2015

Last sale price $325,000 $145 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $5,099/month

38 Days on Market

Highlights

  • No Units Above
  • Fireplace in Bathroom
  • Laundry Room
  • James A. Garfield Senior High School Rated A
  • No HOA

About This Home

As of October 2015

Nice property with a lot of potential. Currently permitted as a duplex but appears to be R3 zoned. Buyers to verify all permits and legal usage of property. Property has five units right now(unpermitted). Laundry room for tenant use. Alley access. Two separate gas and electric meters.

Last Agent to Sell the Property

Traci Arsenault

NT & Associates Inc. License #01150971 Listed on: 08/10/2015

Last Buyer's Agent

ERIC HERNANDEZ

IET Real Estate License #01941593

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,128

Year Built

  • Built in 1907

Lot Details

  • 7,532 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls

Parking

  • 4 Parking Spaces

Home Design

  • 2,240 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 5239015024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Insurance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,000
  • Gross Income $38,160
  • Net Operating Income $38,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,128

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 5239015024
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls, No One Above
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 145.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Available, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Trash Expense: 600.00

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7532.00
  • Price Per Lot Square Foot: 43.15
  • Lot Size Acres: 0.1730

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 38160.00
  • Gross Scheduled Income: 55560.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7532.0000 Square Feet
  • Net Operating Income: 38160.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 17400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 21
  • Tax Tract Number: Laguna

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Sep 22, 2015
Sold by
Price William C and Estate Of Urbicio Melendez
Bought by
Bella Casias Llc
Seller's Agent
Traci Arsenault
NT & Associates Inc.
Buyer's Agent
ERIC HERNANDEZ
IET Real Estate
List Price
$399,000
Sold Price
$325,000
Premium/Discount to List
-$74,000
-18.55%
Current Estimated Value
$826,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,870
Avg. Annual Appreciation
9.95%
Original Mortgage
$25,000
Interest Rate
3.86%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 5, 2004
Sold by
Melendez David
Bought by
Melendez Urbicio

Purchase Details

Closed on
Jun 23, 1993
Sold by
Gonzalez Jose and Gonzalez Guadalupe
Bought by
Melendez David
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
Bella Casias Llc $325,000 Chicago Title Company
Melendez Urbicio -- --
Melendez David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bella Casias Llc $420,000
Closed Bella Casias Llc $86,920
Closed Bella Casias Llc $412,500
Closed Bella Casias Llc $334,750
Closed Bella Casias Llc $25,000
Closed Bella Casias Llc $300,000
Previous Owner Melendez Urbicio $165,000
Previous Owner Melendez Urbicio $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2015 10/21/15 Sold $325,000 -18.5% $145 / Sq Ft
09/17/2015 09/17/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $399,000 -- $178 / 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 $7,128 $490,087 $343,300 $146,787
2024 $7,128 $480,478 $336,569 $143,909
2023 $6,844 $471,058 $329,970 $141,088
2022 $6,543 $461,822 $323,500 $138,322
2021 $6,464 $452,767 $317,157 $135,610
2020 $6,508 $448,125 $313,905 $134,220
2019 $6,277 $439,339 $307,750 $131,589
2018 $6,090 $430,725 $301,716 $129,009
2016 $5,831 $414,000 $290,000 $124,000
2015 $7,003 $515,438 $224,766 $290,672
2014 $7,004 $505,343 $220,364 $284,979
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Traci Arsenault

    NT & Associates Inc.

    (714) 308-0399

    12 Total Sales

    Section Image

  • E

    Buyer's Agent in 2015

    ERIC HERNANDEZ

    IET Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15178921

California Regional Multiple Listing Service (CRMLS)

APN: 5239-015-024

California Los Angeles County Los Angeles 90023

712 S Gage Ave, Los Angeles, CA

This home is located at 712 S Gage Ave, Los Angeles, CA 90023 since 10 August 2015 and is currently estimated at $826,870, approximately $369 per square foot. This property was built in 1907. 712 S Gage Ave is a home located in Los Angeles County with nearby schools including Rowan Avenue Elementary School, Amanecer Primary Center, and Robert Louis Stevenson Middle School.

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.

California Regional Multiple Listing Service (CRMLS) 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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