• 2230 Gates Street Los Angeles, CA 90031

  • $950,000
  • 0
    Bed(s)
  • 0
    Baths
  • 4,114
    Sq Ft
  • 8631
    Sqft
  • Listed By: ERIC CHEN, CB RICHARD ELLIS, DRE #01489184
  • Source: CRMLS

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

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

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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

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Cooling Features

Wall/Window Unit(s)

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1895

Building Area Total: 4,114

Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1981

Lot Size Source: Assessor

Lot Size Square Feet: 8631

Listing Price Information

Original List Price: 950,000

Listing Contract Date: 2024-03-22

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5211001017

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

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

Building and Construction

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

Nearby Home Value

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

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

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.

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