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2505 Gates Street

Los Angeles (City), CA 90031
  • $595,000
  • STATUS: Active Under Contract
  • ON SITE: 72 Days
  • MLS #: AR23007136
Under Contract
UPDATED: 165 min ago
$595,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1895
County:

School Ratings & Info

Listing Agent(s): Selene Lum of Keller Williams Dtla (213-797-7000) and Jeff Curtis of ()


Description

Lincoln Heights duplex with one 3/2 unit and one 2/1 unit on large, 11,182 sa. ft. lot. Rents are well below market rate, ample parking and superb views of Downtown L.A. from the property. Adjacent property at 2455 Gates also available; combined the two properties offer a 20,000+ sq. ft. lot, possible development opportunity

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-31T00:28:44.623. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/136124718
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2505 Gates Street Los Angeles (City), CA 90031

  • Price: $595,000
  • Status: Active Under Contract
  • On Site: 72 Days
  • Updated: 165 min ago
  • MLS #: AR23007136
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1895
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
Property Description
Lincoln Heights duplex with one 3/2 unit and one 2/1 unit on large, 11,182 sa. ft. lot. Rents are well below market rate, ample parking and superb views of Downtown L.A. from the property. Adjacent property at 2455 Gates also available; combined the two properties offer a 20,000+ sq. ft. lot, possible development opportunity
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 2 Parking Features Driveway Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No View City Lights View YN Yes

Interior Features

Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Disclosures Rent Control Fuel Expense 0 Garage YN No Gross Income 31608 Gross Scheduled Income 31608 Insurance Expense 1200 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanSubmit Maintenance Expense 856 Net Operating Income 19454 New Construction YN No New Taxes Expense 7438 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 12155 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Total Actual Rent 31608 Trash Expense 720 Utilities Sewer Connected Water Sewer Expense 981 Water Source Public Zoning Lard3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-31T00:28:44.623. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Selene Lum of Keller Williams Dtla (213-797-7000) and Jeff Curtis of ()