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2023 Gates St, Los Angeles, CA 90031
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2023 Gates St Los Angeles, CA 90031

$935,000 Sold Price as of 12/28/2021
  • 7 Beds
  • 4 Baths
  • 2,110 Sq.Ft.
Sold
$935,000 Sold Price as of 12/28/2021 Refinance Your Mortgage
Map preview of 2023 Gates St, Los Angeles, CA 90031

Property Overview: 2023 Gates St Los Angeles, CA has 7 bedrooms, 4 bathrooms, 2,110 living square feet and 6,905 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: OPPORTUNITY ZONED LINCOLN HEIGHTS INCOME PROPERTY WITH GROWTH POTENTIAL! Great duplex property generating $66,600 per year in gross rent! Property is also located in the East L.A. State Enterprise Zone and in an up and coming federal HubZone (Source: Zimas.org) Two homes on one lot. Front house: 1262 SF, 3 bd/2 ba, remodeled kitchen, laminate and tile floors, Jack and Jill bathroom, front porch and 2 parking spaces. Back house: 848 SF, 2 bd/1 ba with backyard and storage shed. Both houses share community laundry machines. PLEASE DO NOT DISTURB OCCUPANTS. DO NOT WALK ONTO THE PROPERTY.

Listed by Amalia Ochoa | BRE #01933675 | The Proud Crowd Inc.
Co-listed by Michael Fucci | BRE #01886363 | The Proud Crowd Inc.
Last checked: 11 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
6,905
HOA Dues
$0/mo
Year built
1907
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21792236
City
Los Angeles
County
Los Angeles
Time on Site
980 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,200
  • Total Rent: $38,400
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,350
  • Total Rent: $28,200
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.53
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $66,600
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 2023 Gates St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s), Electric
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Community, Outside
Room Information
  • Flooring: Laminate, Tile
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Gas Range
Exterior Features
Exterior Information
  • Other Structures: Shed(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Driveway, Uncovered
Property Information
  • Total # of Units: 2
  • Parcel Number: 5210032029
  • Foundation Details: Raised
  • Property Condition: Updated/Remodeled
Location / Neighborhood
Location Information
  • Directions: Just of the 5 Freeway between the 110 and the 10. Easy route from any of these freeways. Please use Google maps for your best route.
View more facts & features

Local Los Angeles Agent

Sale History for 2023 Gates St

Last sold for $935,000 on December 28th, 2021

  • December, 2021

  • Dec 28, 2021

    Date

    Sold

    CRMLS: 21792236

    $935,000

    Price

  • Oct 6, 2021

    Date

    Active

    CRMLS: 21792236

    $968,000

    Price

  • August, 2021

  • Aug 10, 2021

    Date

    Withdrawn

    CRMLS: WS21098702

    $958,000

    Price

  • Jul 2, 2021

    Date

    Price Change

    CRMLS: WS21098702

    $958,000

    Price

  • Jul 2, 2021

    Date

    Price Change

    CRMLS: WS21098702

    $948,000

    Price

  • Jul 1, 2021

    Date

    Active

    CRMLS: WS21098702

    $938,000

    Price

  • Jun 11, 2021

    Date

    Hold

    CRMLS: WS21098702

    $938,000

    Price

  • May 27, 2021

    Date

    Active Under Contract

    CRMLS: WS21098702

    $938,000

    Price

  • May 16, 2021

    Date

    Active

    CRMLS: WS21098702

    $938,000

    Price

  • May 9, 2021

    Date

    Coming Soon

    CRMLS: WS21098702

    $938,000

    Price

  • Listing provided courtesy of CRMLS

    BEST DEAL YOU WILL FIND!!!Great Opportunity to own 2 units in a HIGHLY Desirable Area of Lincoln Heights.This Duplex consist of THREE Separate Structures, Front Unit, Rear Unit and a Third Shed for Storage. Both units have been Tastefully Remodeled with Updated Kitchens and Bathrooms in 2019. The Front Unit comes Complete with High coffered Ceiling,Tile Floor/Laminate Flooring, Tile Back Splash in Kitchen, Quartz Counter Tops, Newer Lighting Fixtures, Newer Cabinets, etc.The Rear Unit also comes Complete with Newer Kitchen , Island in Kitchen, Galaxy Marble Tops, Stainless Steel Range Hood, Newer Lighting Fixtures, both come with Brightly Painted Entry Doors, both units have been Recently Pained Exteriors and Interiors. The Exterior Grounds are Very Spacious with Plenty of Space for Vehicle Parking, and Long Driveway as well as Outdoor Family Gatherings, Amenities include Laundry hook Ups, Two basements, new Water Heaters, Covered Patio and much more. Title shows Front unit as 2Bdr/2Bth (actual there is a bonus room as the third bedroom) and Rear Unit as 2Bdr/1Bth (actual there is an addition bathroom), buyer to satisfy themselves on all aspects of subject property. This Great property is located in very close proximity to 10, 5, 710, and 60 FRWY, Schools, Shopping, Parks, 10 minutes away from the following, Dodger Stadium, Downtown Los Angeles, Staples Center, Hollywood, Pasadena, USC Medical Center, Arts District, Lincoln Park, China Town, Cal State L.A.

  • April, 2021

  • Apr 8, 2021

    Date

    Expired

    CRMLS: WS20211777

    $899,000

    Price

  • Mar 20, 2021

    Date

    Withdrawn

    CRMLS: WS20211777

    $899,000

    Price

  • Mar 20, 2021

    Date

    Active

    CRMLS: WS20211777

    $899,000

    Price

  • Jan 7, 2021

    Date

    Withdrawn

    CRMLS: WS20211777

    $899,000

    Price

  • Nov 19, 2020

    Date

    Price Change

    CRMLS: WS20211777

    $899,000

    Price

  • Oct 20, 2020

    Date

    Price Change

    CRMLS: WS20211777

    $938,000

    Price

  • Oct 20, 2020

    Date

    Active

    CRMLS: WS20211777

    $960,000

    Price

  • Oct 20, 2020

    Date

    Hold

    CRMLS: WS20211777

    $960,000

    Price

  • Oct 9, 2020

    Date

    Active

    CRMLS: WS20211777

    $960,000

    Price

  • Oct 9, 2020

    Date

    Coming Soon

    CRMLS: WS20211777

    $960,000

    Price

  • Listing provided courtesy of CRMLS

    **BIG REDUCED PRICE! GREAT INCOME PROPERTY**BEST DEAL YOU WILL FIND!!!Great Opportunity to own Income Property in a HIGHLY Desirable Area of Lincoln Heights.This Duplex consist of THREE Separate Structures, Front Unit(3B2B), Rear Unit(2B2B) and a Third Shed for Storage. Both units have been Tastefully Remodeled with Updated Kitchens and Bathrooms. The Front Unit comes Complete with High coffered Ceiling,Tile Floor/Laminate Flooring, Tile Back Splash in Kitchen, Quartz Counter Tops, Newer Lighting Fixtures, Newer Cabinets, etc.The Rear Unit also comes Complete with Newer Kitchen , Island in Kitchen, Galaxy Marble Tops, Stainless Steel Range Hood, Newer Lighting Fixtures, both come with Brightly Painted Entry Doors, both units have been Recently Pained Exteriors and Interiors. The Exterior Grounds are Very Spacious with Plenty of Room for Vehicle Parking, and Long Driveway as well as Outdoor Family Gatherings, Amenities also include Laundry hook Ups, Two basements, new Water Heaters, Covered Patio and much more. Title shows Front unit as 3Bdr/1Bth and Rear Unit as 2Bdr/1Bth, buyer to satisfy themselves on all aspects of subject property. This Great Income property is located in very close proximity to 10, 5, 710, and 60 FRWY, Schools, Shopping, Parks, 10 minutes away from the following, Dodger Stadium, Downtown Los Angeles, Staples Center, Hollywood, Pasadena, USC Medical Center, Arts District, Lincoln Park, China Town, Cal State L.A.

  • October, 2019

  • Oct 4, 2019

    Date

    Leased

    CRMLS: WS19213805

    $2,100

    Price

  • Sep 17, 2019

    Date

    Price Change

    CRMLS: WS19213805

    $2,200

    Price

  • Sep 9, 2019

    Date

    Price Change

    CRMLS: WS19213805

    $2,300

    Price

  • Sep 6, 2019

    Date

    Active

    CRMLS: WS19213805

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Newly updated kitchen and bathroom. 3 minutes of walking distance to Lincoln Park! Easy access to public transportation and restaurants/shops. Close to DTLA, Chinatown, Dodger Stadium, Highland Park, USC Medical Center, and the I-5, 10 and 110. Privacy back yard and a separate big bonus room as storage.

  • July, 2019

  • Jul 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

Show More

Tax History for 2023 Gates St

Assessed Value (2020): $600,000
Year Land Value Improved Value Assessed Value
2020 $450,000 $150,000 $600,000

Home Value Compared to the Market

This property vs the competition

2023 Gates St sold on December 28, 2021 for 14.34% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $458.77 per/sqft which puts the price per square foot 39.16% lower than the current median sale per square foot for the city of Los Angeles.

About 2023 Gates St

Detailed summary of property

2023 Gates St is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 7 bedrooms, 4 bathrooms, roughly 2,110 living square feet, and sits on an approximately 6,905 square foot lot. 2023 Gates St was first listed on ArdentRealEstateGroup.com on October 6, 2021. The homeowner sold the property for $935,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 14.34% lower than the current median priced home. Local homes that are currently for sale include 923 N Alma Ave, 923 N Alma Ave and 2620 Idell St. While the average home in Los Angeles, CA is selling in 94 days, 2023 Gates St has a days on market of 37 days. There are currently 3859 homes for sale in the Los Angeles real estate market and 2609 of them are single family homes while 1145 of them are condos and 99 are townhomes. For more information on this home for sale at 2023 Gates St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2023 Gates St

Public county record property details
Beds
4
Baths
3
Year built
1907
Sq. Ft.
2,110
Lot Size
6,905
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2,4
APN
5210-032-029

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$640
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$515
Total Inventory
32
Median Sale to List Price %
100%
Avg Days on Market
79
Loan Type
Conventional (30%), FHA (0%), VA (0%), Cash (10%), Other (10%)

Thinking of Selling?

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Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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