2038 Gates St, Los Angeles, CA 90031

Great investment opportunity. This property has been owned by one owner for the last 40 years. There are two separate units on the same lot. Great for owner user. Projected rents for 2 bed 1 bath are 1500.00 per month. 1800 for 3 bed 1 bath. 2 bed 1 bath is currently tenant occupied for 1250.00 per month. The same tenants have occupied this unit for 9 years. Actual Square Footage combined for both units is 2112. Third bedroom and dining room was added on the 2038 Gates and seller has permits. Everything was done to code as per seller who states the city comes every 4 years to do inspections. Actual List Price per square feet is 330.86. The MLS only shows square footage for one unit. 2040 Gates Street has a tenant and buyer must do all due diligence regarding rent control laws. tenants may come with the property in the smaller unit if buyer wants.