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Listed by Logan Allred • JOHNHART CORP
$ 898,000
Est. payment /mo
New
2016 Gates Street Los Angeles, CA 90031
6,036 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,036 sqft
Price per Sqft $148
MLS Listing ID CRCV25266332
HOA Y/N No
Year Built 1908
Lot Size 6,969 Sqft
Property Sub-Type Other
Source Datashare California Regional
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
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Flooring Laminate, Tile, Carpet
Fireplace No
Laundry See Remarks
Exterior
View Other
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