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
Sold for $995,000 on 05/17/24
Listing Provided by:
Eric Chen DRE #01489184 626-757-5717,
CB RICHARD ELLIS
$995,000
2230 Gates St, Los Angeles, CA 90031
--beds
--baths
4,114sqft
Quadruplex
Built in 1895
-- sqft lot
$971,600 Zestimate®
$242/sqft
$4,068 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 19, 2024 at 09:57pm
Listing Provided by:
Eric Chen DRE #01489184 626-757-5717,
CB RICHARD ELLIS
Bought with:
JENNY DUONG, DRE #02077432
eXp Realty of California Inc
Source: CRMLS,MLS#: CV24057869
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,114
- Total interior livable area: 4,114 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 2
- Uncovered spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
Lot
- Size: 8,631 sqft
- Features: 2-5 Units/Acre
Details
- Parcel number: 5211001017
- Zoning: LARD3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1895
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks
Location
- Region: Los Angeles
HOA & financial
Other financial information
- Total actual rent: 53400
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Services availability
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Estimated market value
$971,600