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$1,899,000   Price Analysis
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4308 Gateway Ave
Los Angeles, CA 90029
4 bed 4 bath 3,436 SqFt ($552/SqFt)
5,252SqFt lot. Built 1905
Listed 2024-06-10, Taxes $9,906
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Beautiful

Charming with character, wel l maintained and remodeled 4-unit property located in Hip, Trendy - Sunset Junction neighborhood in Silverlake. Close proximity to MANY shops, restaurants and bars. All Units remodeled with nice kitchens, cabinets, counter tops, lighting and with original good condition Hardwood floors, Stone Tiles with some carpeting in offices. 2 lower units have 1 bed, 1 bath. 2 upper units: 1 bedroom, 1 office/bedroom, 1 bathroom. 1 downstairs units has a large private excellent side yard!

Building painted, 4 newer electrical panels and meters, nwer double pane windows, Recoated roof, faux fireplaces in all units. Further upside in Rents are possible for all 4 units. Property has 2 Metro subway stations nearby and many bus routes. All units include ALL APPLIANCES. Separate large 4-spot carport in the back with a 5th parking spot on the side. Nicely landscaped with orange trees, palm trees in front. Rents have not been increased for the past year and a half. PLEASE DO NOT DISTURB TENANTS OR KNOCK ON DOORS. Perfect to owner occupy or as full rental property!


Presented by Mario Reithaar at
Hilton & Hyland.


Property MLS #24-402313 from TheMLSCLAW

Bedrooms: 4

Total Bathrooms: 4
Full Bathrooms: 4

Laundry Facilities: In Unit, Room
Laundry Features: In Unit, Room

Cooling Features: Air Conditioning, Wall/Window, Wall Unit(s), Window Unit(s)
Heating Features: Wall, Natural Gas

Flooring: Mixed, Hardwood, Carpet, Porcelain, Granite, Laminate, Vinyl Tile

Covered Spaces: 4
Garage Description: Assigned, Carport Detached, Driveway
Parking Total: 8

Lot Size Acres: 0.1205693
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5252

View: City Lights, Green Belt, Hills
Other Equipment: Cable, Antenna, Garbage Disposal, Dryer, Dishwasher, Hood Fan, Microwave, Refrigerator, Range/Oven, Vented Exhaust Fan, Washer
Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector, Window Bars

Existing Lease Type: Fee

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 2850, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 3300, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3300, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2650

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.3
Directions: Drive West on Sunset Blvd, turn left on Bates Ave, right on Gateway.
Source Property Type: Residential Income
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5429-004-012
Postal Code Plus 4: 2120
Zoning: LAR2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$331,406 + $473,441
$804,847
$9,906
2021$324,908 + $464,158
$789,066
$9,772
2020$321,577 + $459,399
$780,976
$9,867
2019$315,272 + $450,392
$765,664
$9,485
2018$309,091 + $441,561
$750,652
$9,382
2017$303,031 + $432,903
$735,934
$9,180
2016$297,090 + $424,415
$721,505
$8,948
2015$292,628 + $418,040
$710,668
$8,820
2014$286,896 + $409,852
$696,748
$8,870
2013$285,600 + $408,000
$693,600
$8,870
2012$277,437 + $499,388
$776,825
$10,214
2010$271,998 + $489,597
$761,595
$10,000
2009$270,608 + $487,093
$757,701
$9,639
2009$269,966 + $485,938
$755,904
$9,639
2008$265,302 + $477,543
$742,845
$9,230
2007$260,100 + $468,180
$728,280
$8,922

Listed 2024-06-10
$1,899,000
TheMLSCLAW
Sold 2023-05-09
$1,707,000
TheMLSCLAW
Listing removed 2013-06-03
$1,850
TheMLSCLAW
Price Changed for rent 2013-05-30
$1,850
TheMLSCLAW
Listed for rent 2013-05-29
$1,950
TheMLSCLAW
Listing removed 2006-03-06
$1,049,000
ITECH
Listed 2005-09-06
$1,049,000
ITECH
Listing removed 2005-01-01
$699,000
ITECH
Sold 2004-12-08
$700,000
ITECH
Listed 2004-09-16
$709,000
ITECH
Listed 2004-05-12
$699,000
ITECH
Sold 1988-08-02
$235,000
Public Record
Sold 1987-04-10
$200,000
Public Record
Sold 1981-02-06
$105,000
Public Record

Net Operating Income: 91548

Total Square Feet Living: 3436
Year Built: 1905
Building Exterior Type: Stucco
Common Walls: Attached
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 119
Roof: Flat, Rolled/Hot Mop
Year Built Source: Vendor Enhanced

Thomas Starr King Middle School is a public middle school located approximately 0.3 miles away.
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Lockwood Avenue Elementary School is a public elementary school located approximately 0.5 miles away.
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John Marshall Senior High School is a public high school located approximately 1 miles away.
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The Best Start Preparatory Academy is a private elementary, middle and high school located approximately 0.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.