Thank you
Eric Chen
CB RICHARD ELLIS
909-418-2000
We are pleased to present the opportunity to acquire a fourplex property located at 2230-2232 Gates Street in the Lincoln Heights area of Los Angeles. The property building size totals ±4,114 SF and is situated on a well-maintained ±8,631 square foot lot. 2230-2232 Gates Street is conveniently located minutes away from the 5, 110, and 10 freeways and its cross streets are Manitou Avenue and Baldwin Street. The fourplex is within walking distance to the historic Lincoln Park Recreation Center and offers convenient access to the Metro Lincoln Heights Cypress light rail station, USC Keck School of Medicine, shopping centers, restaurants, and other popular retailers all within a short distance. 2230-2232 Gates Street features low-maintenance mature landscaping. The property has surface vehicle parking and ample street parking. Units feature kitchens with appliances, wall-to-wall carpeting, vertical blinds, wall air conditioning and heating, security screen doors, window guards, and private patios or porches. Neighboring cities include Echo Park, Monterey Park, Alhambra, Silver Lake, East Los Angeles and Highland Park. Significant local landmarks within a 20-mile radius include: Downtown Los Angeles, Crypto.com Arena, LA Live, Griffith Observatory, Universal Studios Hollywood, Rose Bowl Stadium, Hollywood Bowl and the Huntington Library, Art Museum, and Botanical Gardens to name a few. First time on the market in 40 years, 2230-2232 Gates Street is an admirable Los Angeles income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1064716609 | 1 | 3 | 1 | 0 |
2 | 1064716609 | 1 | 3 | 1 | 0 |
3 | 1064716609 | 1 | 2 | 1 | 0 |
4 | 1064716609 | 1 | 1 | 1 | 0 |
Water Source : Public
Sewer : Public Sewer
Wall/Window Unit(s)
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1895
Building Area Total: 4,114
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1981
Lot Size Source: Assessor
Lot Size Square Feet: 8631
Original List Price: 950,000
Listing Contract Date: 2024-03-22
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5211001017
Lease Term: Negotiable
Source Listing Status: Pending
Source Neighborhood: 677 - Lincoln Hts
Postal Code Plus 4: 2906
Directions: Merge onto I-10 W, Exit Soto St, Continue onto Charlotte St, Turn right onto Cornwell St, Continue onto Zonal Ave, Turn right onto N Mission Rd, Sharp left onto N Main St, Turn right onto Gates St
Zoning: LARD3
Source Property Type: Residential Income
Area: 677 - Lincoln Hts
Property SubType: Quadruplex
Property Age: 129
Common Walls: 1 Common Wall
Structure Type: Quadruplex
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3938 Latrobe Street, Los Angeles, CA,90031 | $699,000 | -- | -- | -- | 34350 Sqft |
1390 Abrigo Avenue, Los Angeles, CA,90031 | $380,000 | -- | -- | -- | 9657 Sqft |
2856 Eva Terrace, Los Angeles, CA,90031 | $98,999 | -- | -- | -- | 14907 Sqft |
1311 Abrigo Ave, Los Angeles, CA,90031 | $380,000 | -- | -- | -- | 11803 Sqft |
2152 Duvall Street, Los Angeles, CA,90031 | $880,000 | 3 | 3 | 1,207 | 5107 Sqft |
Clifton Street, Los Angeles, CA,90031 | $180,000 | -- | -- | -- | 7210 Sqft |
4000 N Elderbank Drive, Los Angeles, CA,90031 | $95,000 | -- | -- | -- | 4456 Sqft |
2415 Gates Street, Los Angeles, CA,90031 | $848,888 | 5 | -- | 2,161 | 7200 Sqft |
2713 Darwin Avenue, Los Angeles, CA,90031 | $799,000 | 4 | 4 | 2,697 | 7407 Sqft |
1927 Johnston Street, Los Angeles, CA,90031 | $1,749,000 | 9 | 6 | 3,394 | 7045 Sqft |
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ByOwner last updated this listing 05/08/2024 @ 20:27
MLS: CV24057869
LISTED BY: ERIC CHEN, CB RICHARD ELLIS
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.