2415 Gates Street

Los Angeles, CA 90031

$848,888
Price
5
Beds
3
Baths
2,161 Sq. Ft.
$393 / Sq. Ft.
2,161
Sq. Ft.
$393
per Sq. Ft.

Description

This beautiful centrally located 3 Tri Plex is the property you have been looking for. Front units are rented with long time responsible tenants. ADU compliant, you can add the 4th unit to create the ideal rental property. Units are registered w/ Los Angeles Housing Department & are 100% compliant with 2022 approved certificate (See report in documents). Very high walking score and plenty of assigned parking for all tenants, this is a true Performing property that is ready to be transferred over...This beautiful centrally located 3 Tri Plex is the property you have been looking for. Front units are rented with long time responsible tenants. ADU compliant, you can add the 4th unit to create the ideal rental property. Units are registered w/ Los Angeles Housing Department & are 100% compliant with 2022 approved certificate (See report in documents). Very high walking score and plenty of assigned parking for all tenants, this is a true Performing property that is ready to be transferred over to the new owner. Neighborhood is just west of Alhambra in the upper Lincoln Heights area.
  1. Listed by Abraham Hernandez • DRE #01773826 • Brokerage DRE #01490488 • Premier Real Estate Broker, Inc.

Property Details for 2415 Gates Street

Zoning
LARD3
Parcel Number
5208009007
Total Units
3.0
Living Area
2161
Source Living Area
Assessor
Area
Lincoln Heights (677)
Vacancy Rate
0
Lot Size Area
7200

Location

Listing Courtesy of Premier Real Estate Broker, Inc., Abraham Hernandez, DRE #01773826
Add your commute
LISTING UPDATED: 04/05/2024 12:08 PM

Property Details for 2415 Gates Street

StatusActive
MLS #23-299667
Days on Market256
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.17 AC / 7,200 SF
CountyLos Angeles County

Location

Listing Courtesy of Premier Real Estate Broker, Inc., Abraham Hernandez, DRE #01773826
Add your commute

Virtual Tour

Building Information for 2415 Gates Street

Stories1Residences-Year Built1913Building Size-Lot Size0.17 AC / 7,200 SF

Payment Calculator

$5,264 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,633

Property Taxes

$631

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2415 Gates Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Pets Allowed: Pets Permitted
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: TriPlex
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Gated, Smoke Detector
  • Direction Faces: South
  • Property Condition: Updated/Remodeled
  • Water: Meter on Property
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Affordable Housing Qualified, Earthquake Insurance Available
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $53,386
  • Net Operating Income: $43,986.00
  • Gross Income: $53,386
  • Cap Rate: 5.18%
  • Gross Rent Multiplier: $14.55
  • Actual Annual Gross Rent: $53,386.00
  • Actual Gross Annual Income: $53,386
  • Actual Rent Total: $53,386.00
  • Financial Info as Of: 01/27/2024
  • Lease Per Month Year: Full Term
  • Total Annual Expense: 9400
  • Tax Expense: $7,000
  • Gardener Expense: $600
  • Insurance Expense: $1,800
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Size Square Feet: 7200
Parking Details
Parking Details
  • Parking Garage: Assigned, On street
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Assigned, Street
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall Unit(s), Wall/Window
  • Heating Type: Wall Gas
  • Flooring: Carpet, Laminate, Hardwood
  • Equipment: Built-Ins, Ceiling Fan, Range/Oven
  • Interior Features: Built-Ins, Common Walls
  • Room Kitchen Features: Kitchen Open to Family Room, Remodeled Kitchen
  • Kitchen Features: Open to Family Room, Remodeled
  • Room Bathroom Features: Low Flow Shower, Low Flow Toilet(s), Remodeled
  • Bathroom Features: Shower Over Tub, Low Flow Shower(s), Low Flow Toilet(s), Remodeled
  • Bedroom Features: All Bedrooms Down, WalkInCloset
  • Common Walls: Attached, Detached/No Common Walls
  • Cooking Appliances: Cooktop - Gas, Free Standing Gas, Gas, Oven-Gas
  • Laundry Equipment: Own
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Patio Features: Porch, Porch - Front, Covered Porch, Covered
  • Entry Location: Ground Level w/steps
  • Windows: Double Pane Windows
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-16-2023
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $893.38
  • Unit Actual Rent: $893.38
  • Unit Projected Rent: $1,050.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $955.51
  • Unit Actual Rent: $955.51
  • Unit Projected Rent: $1,200.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 0
  • Number of Dishwasher: 3
  • Number of Disposal: 3
  • Number of Drapes: 3
  • Number of Electric Meters: 3
  • Number of Gas Meters: 3
  • Number Leased: 2
  • Number Patio: 3
  • Number Range: 3
  • Number Refrigerator: 3
  • Number Wall AC: 2
  • Number Water Meters: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $116,712.00
  • Assessed Land Value: $265,259.00

Property History for 2415 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 2415 Gates Street

Taxable ValueLand$418,158Additions$173,695Total$591,853
Tax Record2023$7,571 ($631 / month)
Home Facts
Total Finished SqFt2,161 SqFtAbove Grade Finished SqFt2,161 SqFtLot Size7,169 SqFtStyleTriplexYear Built1913ZoningLARD3CountyLOS ANGELESAPN5208-009-007

Schools near 2415 Gates Street

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

Los Angeles Leadership Academy
Charter6 to 12

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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2415 Gates Street is a multi-family home for sale in Los Angeles, CA 90031. This property was listed for sale on August 16, 2023 by Premier Real Estate Broker, Inc., it's currently listed at $848,888. It has been on the market for a total of 256 days and was last sold on May 21, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Gates Street Elementary School, Los Angeles Leadership Academy and Abraham Lincoln Senior High School. 2415 Gates Street is a 5-bed, 3-bath, 2,161 sqft multi-family home built in 1913.

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 Premier Real Estate Broker, Inc., Abraham Hernandez, DRE #01773826

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.