2431 Gates St Los Angeles, CA 90031

$650,000 Sold Price as of 05/09/2017

7 Beds
6 Baths
2,666 Sq.Ft.

Off Market

$650,000 Sold Price as of 05/09/2017 Refinance Your Mortgage

Map preview of 2431 Gates St, Los Angeles, CA 90031

Property Overview: 2431 Gates St Los Angeles, CA has 7 bedrooms, 6 bathrooms, 2,666 living square feet and 8,581 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

2431 Gates St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 2431 Gates St

Last sold for $650,000 on May 9th, 2017

March, 2023
Mar 21, 2023

Date

Canceled

CRMLS: SR22184430

$1,050,000

Price
Sep 1, 2022

Date

Active

CRMLS: SR22184430

$1,050,000

Price
Listing provided courtesy of CRMLS

You've hit the jackpot with this rare, highly sought-after, and amazingly valued investment opportunity that's simply too good to miss! What makes this multiplex unique is that you can start earning rental income from the very first day. Currently, all 4 units and Single-family Residence 3-bedroom 2 bath are occupied with tenants in good standing. One Unit will be delivered vacant. This gives you the flexibility to make any needed upgrades according to your own schedule and also allows you to start earning an immediate return on your investment. This is an ideal situation for avid developers looking to expand their real estate portfolio. Set in an advantageous Lincoln Heights 2431 Gates Street is on a quiet clean cul-de-sac, it's a desirable 4-unit rental complex Great Investment property that offers your tenants easy access to nearby schools, shopping, restaurants, and commuter routes. Come grab this impressive income producing investment property before it's too late!

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March, 2023
Mar 21, 2023

Date

Canceled

CRMLS: SR22184466

$1,050,000

Price
Sep 1, 2022

Date

Active

CRMLS: SR22184466

$1,050,000

Price
Listing provided courtesy of CRMLS

You've hit the jackpot with this rare, highly sought-after, and amazingly valued investment opportunity that's simply too good to miss! LARD3 zoning What makes this multiplex unique is that you can start earning rental income from the very first day. Currently, all 4 units are occupied with tenants in good standing. This gives you the flexibility to make any needed upgrades according to your own schedule and also allows you to start earning an immediate return on your investment. This is an ideal situation for avid developers looking to expand their real estate portfolio. Set in an advantageous Lincoln heights 2431 Gates Street is on a quiet clean cul-de-sac, it's a desirable 4-unit rental complex that offers your tenants easy access to nearby schools, shopping, restaurants, and commuter routes. Come grab this impressive income producing investment property before it's too late!

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November, 2022
Nov 18, 2022

Date

Delete

CRMLS: SR22184479

$1,050,000

Price
Sep 1, 2022

Date

Active

CRMLS: SR22184479

$1,050,000

Price
Listing provided courtesy of CRMLS

You've hit the jackpot with this rare, highly sought-after, and amazingly valued investment opportunity that's simply too good to miss! What makes this multiplex unique is that you can start earning rental income from the very first day. Currently, all 4 units and Single-family Residence 3-bedroom 2 bath are occupied with tenants in good standing. One Unit will be delivered vacant. This gives you the flexibility to make any needed upgrades according to your own schedule and also allows you to start earning an immediate return on your investment. This is an ideal situation for avid developers looking to expand their real estate portfolio. Set in an advantageous Lincoln Heights directly across the street is a major Production Company that works with Disney, Netflix and major TV stations with a need for short term or long-term rentals for actors and actresses coming in from all over the world. 2431 Gates Street is on a quiet clean cul-de-sac, it's a desirable 4-unit rental complex mixed with a single-family residence that offers your tenants easy access to nearby schools, shopping, restaurants, and commuter routes. Come grab this impressive income producing investment property before it's too late! more pictures coming soon.

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August, 2020
Aug 27, 2020

Date

Canceled

CRMLS: 19535822

$865,000

Price
Feb 4, 2020

Date

Pending

CRMLS: 19535822

$865,000

Price
Dec 10, 2019

Date

Active

CRMLS: 19535822

$865,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a four (4) unit apartment building located at 2431 Gates Street in Los Angeles, California. The subject property is situated north of North Broadway Street, and east of Griffin Avenue, ideally situated near the most prominent commercial thoroughfares in Northeast Los Angeles. Built in 1962, this one-story apartment building contains a great unit mix of two (2) one-bedroom / one-bathroom units, one (1) two-bedroom / two-bathroom unit, and one (1) three-bedroom / two-bathroom house. The subject property is positioned on a large lot (8,581 SF) and contains three separate buildings providing each unit with extra privacy and space.

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May, 2017
May 9, 2017

Date

Sold (Public Records)

Public Records

$650,000

Price
September, 2004
Sep 22, 2004

Date

Sold (Public Records)

Public Records

$383,000

Price

Tax History for 2431 Gates St

Assessed Value (2020): $689,784

Year	Land Value	Improved Value	Assessed Value
2020	$504,073	$185,711	$689,784

About 2431 Gates St

Detailed summary of property

2431 Gates St is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90031 and last sold on May 9, 2017 for $650,000. This property has 7 bedrooms, 6 bathrooms, roughly 2,666 living square feet, and sits on an approximately 8,581 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 41.96% lower than the current median priced home. 2431 Gates St was last sold on May 9, 2017 for $650,000. Local nearby listings include 3900 Berenice Pl, 3230 Amethyst St and 360 W Avenue 26 #406. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 2431 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 2431 Gates St

Public county record property details

Beds: 7
Baths: 6
Year built: 1962
Sq. Ft.: 2,666
Lot Size: 8,581
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 10,11
APN: 5208-009-010

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

$899,000

Median List Price/Sq.Ft.

$676

Median Sold Price

$825,000

Median Sold Price/Sq.Ft.

$628

Total Inventory

Median Sale to List Price %

99.64%

Avg Days on Market

Loan Type

Conventional (28.57%), FHA (0%), VA (0%), Cash (14.29%), Other (28.57%)

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(714) 706-1823

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