CA > Los Angeles
Los Angeles, CA 90031,2016 Gates Street
See all 28 photos
Los Angeles, CA 90031,2016 Gates Street
Los Angeles, CA 90031,2016 Gates Street
Los Angeles, CA 90031,2016 Gates Street
Los Angeles, CA 90031,2016 Gates Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sat
29
Nov
Sun
30
Nov
Mon
1
Dec
Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 898,000
Est. payment /mo
Save
New

2016 Gates Street Los Angeles, CA 90031

8 Beds

6,969 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25266332

Bedrooms 8

Lot Size 6,969 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Discover a true legacy property in the heart of Lincoln Heights Proudly held by the same family for 70 years, this well-maintained 5-unit residential investment is now available for the first time since 1955. With long-term, reliable tenants who consistently pay on time, this is the ideal opportunity for investors seeking stable, passive income in a high-demand rental area. The property features a charming front house along with four additional apartment units constructed in 1965. Over the years, the building has been thoughtfully updated and cared for. Apartments #1 and #3 were refreshed within the last five years, apartment #2 is tiled throughout, and apartment #4, as well as the front house, recently received new wall heaters. The front house's bathroom was also upgraded which included new vinyl flooring, the flooring was updated in the kitchen as well. The exterior has received fresh paint and new windows within the last five years. Major components have also been addressed: the roof is less than 10 years old, and the water heaters were recently replaced, giving the next owner strong operational confidence. Location is another standout feature. This property sits just a short walk from Lincoln Park and the USC Health Sciences Campus. It's also just 2 miles from Dodger Stadium and offers quick, easy access to Downtown Los Angeles, making it highly desirable for tenants. Whether youre adding to your portfolio or securing your next long-term investment, this property presents a rare chance to own a dependable, income-producing asset in one of LAs most centrally connected n

Location

State CA

County Los Angeles

Zoning Assessor

Direction Mission Rd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5211003006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

MLS Router / San Diego MLS
Listed by Logan Allred JOHNHART CORP
Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Don Pelletier Group, Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

2016 Gates Street

QUICK SEARCH

There are 17 quick searches