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Sold for $995,000
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  • Listed by: CB RICHARD ELLIS • Eric Chen • Contact: 909-418-2071
    Bought with: eXp Realty of California Inc
    $995,000

    2230 Gates St, Los Angeles, CA 90031

    9beds
    4baths
    4,114sqft
    Quadruplex
    Built in 1895
    -- sqft lot
    $1,152,600 Zestimate®
    $242/sqft
    $2,604 Estimated rent

    Home value

    $1,152,600

    $991,000 - $1.33M

    $2,604/mo

    Zestimate® history
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    What's special

    We are pleased to present the opportunity to acquire a fourplex property located at 2230-2232 Gates Street in the Lincoln Heights area of Los Angeles. The property building size totals ±4,114 SF and is situated on a well-maintained ±8,631 square foot lot. 2230-2232 Gates Street is conveniently located minutes away from the 5, 110, and 10 freeways and its cross streets are Manitou Avenue and Baldwin Street. The fourplex is within walking distance to the historic Lincoln Park Recreation Center and offers convenient access to the Metro Lincoln Heights Cypress light rail station, USC Keck School of Medicine, shopping centers, restaurants, and other popular retailers all within a short distance. 2230-2232 Gates Street features low-maintenance mature landscaping. The property has surface vehicle parking and ample street parking. Units feature kitchens with appliances, wall-to-wall carpeting, vertical blinds, wall air conditioning and heating, security screen doors, window guards, and private patios or porches. Neighboring cities include Echo Park, Monterey Park, Alhambra, Silver Lake, East Los Angeles and Highland Park. Significant local landmarks within a 20-mile radius include: Downtown Los Angeles, Crypto.com Arena, LA Live, Griffith Observatory, Universal Studios Hollywood, Rose Bowl Stadium, Hollywood Bowl and the Huntington Library, Art Museum, and Botanical Gardens to name a few. First time on the market in 40 years, 2230-2232 Gates Street is an admirable Los Angeles income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity

    Zillow last checked:

    Listing updated:

    Listed by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    JENNY DUONG, DRE #02077432

    eXp Realty of California Inc

    Source: CRMLS,MLS#: CV24057869MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 4
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 4,114
    • Total interior livable area: 4,114 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 2
    • Uncovered spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 8,631 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 5211001017
    • Zoning: LARD3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1895

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $242/sqft
    • Tax assessed value: $1,014,900
    • Annual tax amount: $12,827
    • Date on market: 3/22/2024
    • Cumulative days on market: 41 days
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 53400

    Price history

    DateEventPrice
    9/8/2025Listing removed$4,000$1/sqft
    Source: Zillow Rentals Report a problem
    8/7/2025Price change$4,000+2.6%$1/sqft
    Source: Zillow Rentals Report a problem
    5/15/2025Listed for rent$3,900$1/sqft
    Source: Zillow Rentals Report a problem
    5/17/2024Sold$995,000+4.7%$242/sqft
    Source: CRMLS #CV24057869 Report a problem
    5/3/2024Pending sale$950,000$231/sqft
    Source: CRMLS #CV24057869 Report a problem
    3/22/2024Listed for sale$950,000$231/sqft
    Source: CRMLS #CV24057869 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,827 +130.2%$1,014,900 +150.7%
    2024$5,572 +1.8%$404,897 +2%
    2023$5,475 +4.5%$396,959 +2%
    2022$5,242 +1.6%$389,176 +2%
    2021$5,158 -0.8%$381,546 +1%
    2020$5,201 $377,634 +2%
    2019$5,201 +7.4%$370,230 +2%
    2018$4,841 $362,972 +2%
    2017$4,841 +2.1%$355,856 +2%
    2016$4,741 +3.2%$348,879 +1.5%
    2015$4,592 +0.5%$343,639 +2%
    2014$4,571 $336,908 +2.5%
    2012-- $328,811 +2%
    2011-- $322,365 +0.8%
    2010-- $319,957 +1.8%
    2008-- $314,430 +2%
    2007-- $308,265 +2%
    2005-- $302,222 +4%
    2004-- $290,488 +1.9%
    2003-- $285,165 +2%
    2002-- $279,575 +4%
    2000-- $268,721
    Find assessor info on the county website

    Neighborhood: Lincoln Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,152,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,152,600