1222 W GAGE AVE.
Los Angeles, CA 90044 · APN 6003-033-008
UNITS
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BUILDING SF
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SF / UNIT
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YEAR BUILT
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BEDROOMS
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BATHROOMS
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USE · CODE 020V
LAND
Leave an email and I will send you what it is worth today, in place and on turnover, from comps that closed within three blocks. Free, confidential, inside 48 hours, and no listing pitch until you ask for one.
This form saves what you type as you go, so you can come back to it.
PROP 13 ASSESSED VALUES, USUALLY WELL BELOW MARKET ON LONG-HELD BUILDINGS.
PRICE ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE, NOT A VERIFIED CLOSING PRICE.
Vacant / unimproved land.
Rent-control rules apply to occupied residential units, not raw land. What matters here is zoning, density programs like TOC and ED1, and what the dirt can carry.
Recent sales nearby.
PRICES ESTIMATED FROM ASSESSOR REASSESSMENT AT SALE (ASSESSED VALUE DEFLATED 2%/YR), NOT VERIFIED CLOSING PRICES.
Buildings like this one.
ON W GAGE AVE · ZIP 90044
SIMILAR SIZE AND ERA IN 90044
This building sits in South Los Angeles.
RECORDED SALES, MEDIAN $/UNIT AND $/SF, RENT-CONTROL COVERAGE →
The short answers.
When did 1222 W Gage Ave last sell, and for how much?
The last recorded transfer was August 2022, at an estimated $1,385,000. That price is estimated from the Proposition 13 reassessment recorded at sale, not a verified closing price, so treat it as a close approximation rather than a confirmed figure.
What is 1222 W Gage Ave assessed at, and is that what it is worth?
The current assessed value is $1,440,954 ($1,040,400 land, $400,554 improvements). Assessed value is not market value. Under Proposition 13 it resets only on a change of ownership and then climbs about 2% a year, so a long-held building is often assessed far below what it would trade for.
What is the South Los Angeles apartment market doing?
1222 W Gage Ave sits in South Los Angeles, in Los Angeles. Recorded sale counts, median price per unit, median price per square foot, and the share of rent-control-era stock for the submarket are published and updated as the county roll refreshes. See the South Los Angeles market page for the current figures rather than a number quoted here.
How do I find out what 1222 W Gage Ave would sell for today?
Public records give you the frame, units, size, age, assessed value, and when it last traded, but pricing needs in-place rents, expenses, and the condition of the units, none of which appear in county data. A broker valuation puts closed comps and a rent survey against the actual rent roll. Shaya Lowenstein does that free for LA multifamily owners, typically within 48 hours, with no obligation to list.
Leave an email and I'll come back with what it is worth and whether the owner is likely to trade. It does not have to be for sale, and it does not have to be my listing.
This form saves what you type as you go, so you can come back to it.
Own this building?
FREE, CONFIDENTIAL VALUATION FROM CLOSED COMPS. 48H TURNAROUND.
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