2023 Gates Street

Los Angeles, CA 90031

$935,000
Last Sold Price
5
Beds
3
Baths
2,110 Sq. Ft.
$443 / Sq. Ft.
2,110
Sq. Ft.
$443
per Sq. Ft.

Description

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...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.
  1. Listed by Amalia Ochoa • DRE #01933675 • Brokerage DRE #01886363 • The Proud Crowd Inc.
  2. Listed by Michael Fucci • DRE #01886363 • Brokerage DRE #01886363 • The Proud Crowd Inc.

Property Details for 2023 Gates Street

Zoning
LARD3
Cross Streets
Gates and Darwin Ave
Parcel Number
5210032029
Total Units
2.0
Living Area
2110
Source Living Area
Assessor
Area
Lincoln Heights (677)
Vacancy Rate
0

Location

Listing Courtesy of The Proud Crowd Inc., Amalia Ochoa, DRE #01933675; The Proud Crowd Inc., Michael Fucci, DRE #01886363

Sold By Keller Williams Pacific Estate-La Mirada, Jason White, DRE #01326456

Add your commute
LISTING UPDATED: 12/28/2021 04:22 PM

Property Details for 2023 Gates Street

StatusSold
MLS #21-792236
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1907
Lot Size0.16 AC / 6,905 SF
CountyLos Angeles County

Location

Listing Courtesy of The Proud Crowd Inc., Amalia Ochoa, DRE #01933675; The Proud Crowd Inc., Michael Fucci, DRE #01886363

Sold By Keller Williams Pacific Estate-La Mirada, Jason White, DRE #01326456

Add your commute

Building Information for 2023 Gates Street

Stories-Residences-Year Built1907Building Size-Lot Size0.16 AC / 6,905 SF

Payment Calculator

$6,088 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,103

Property Taxes

$985

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2023 Gates Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
  • Management Company Name: The Proud Crowd Management Company
  • Management Company Phone: 3106017436|
  • Management Company Phone2: 3106214625|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • Property Condition: Updated/Remodeled
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $66,600
  • Net Operating Income: $.00
  • Gross Income: $66,600
  • Gross Rent Multiplier: $14.53
  • Actual Annual Gross Rent: $66,600.00
  • Actual Gross Annual Income: $66,600
  • Actual Rent Total: $66,600.00
  • Financial Info as Of: 10/06/2021
  • Owner Pays: Water, Gardener, Other
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1585
  • Lot Size Square Feet: 6905
Parking Details
Parking Details
  • Parking Garage: Driveway, Uncovered
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Driveway, Uncovered
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Dining Room, Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 1
  • Cooling: Wall/Window Unit(s), Electric
  • Cooling Type: Wall Unit(s), Wall/Window, Electric
  • Heating Type: Other
  • Flooring: Laminate, Tile
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Washer, Refrigerator, Range/Oven
  • Kitchen Features: Remodeled
  • Bathroom Features: Dual Entry (Jack & Jill) Bath, Remodeled
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Gas/Electric Range
  • Laundry: Community, Outside
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Patio Features: Porch - Front, Porch - Rear
  • New Construction: No
  • Foundation Details: Raised
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 10-06-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,200.00
  • Unit Actual Rent: $38,400.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $28,200.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $150,000.00
  • Assessed Improvement Percent: 25.0
  • Assessed Land Value: $450,000.00
  • Assessed Land Percent: 75
  • Assessed Total Value: $600,000.00

Property History for 2023 Gates Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2023 Gates Street

Taxable ValueLand$647,700Additions$306,000Total$953,700
Tax Record2023$11,820 ($985 / month)
Home Facts
Total Finished SqFt2,110 SqFtAbove Grade Finished SqFt2,110 SqFtLot Size6,905 SqFtStyleDuplexYear Built1907ZoningLARD3CountyLOS ANGELESAPN5210-032-029

Schools near 2023 Gates Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gates Street Elementary School
PublicK to 5

Excel Charter Academy
Charter6 to 8

Abraham Lincoln Senior High School
Public9 to 12

Woodrow Wilson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Proud Crowd Inc., Amalia Ochoa, DRE #01933675; The Proud Crowd Inc., Michael Fucci, DRE #01886363

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.