Lincoln Heights, CA 90031,2319 Gates ST

$620,000

$685,000

9.5%
Est.Price: ?

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Est. payment /mo

0.26 Acres Lot


SOLD DATE : 03/24/2014

Key Details

Sold Price $620,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR13237630

Sold Date 03/24/14

HOA Y/N No

Year Built 1930

Tax Year 2012

Lot Size 0.265 Acres

Property Description

New on the market after over 50 years. Located in Lincoln Heights, just minutes from Downtown and Dodger Stadium. You can see the Stadium from the "owners" unit bedroom during fireworks. Owners unit has a 3+2 built in 1968 and is attached to 5 of the garages. This unit has been kept vacant for a potential owner user, but are estimating the rent at $1,800 per month. All of the other units are 2+1's, with one built in 1968 and the other 3 bulit in the 1930's. These are all stand alone buildings with a large grass area with fruit trees in the center of the property. Great potentail as 3 of the units have very low rents but with the potential of at least doubling them over time. This area is going through a transition with a lot of money improving the area.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Fireplace No

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Urban

Utilities Available Sewer Available

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story Multi/Split

Entry Level Multi/Split

Water Public

Level or Stories Multi/Split

Others

Tax ID 5208010009

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brian Hatkoff • Hatkoff Investments
Bought with Dana Coronado • Keller Williams Studio City
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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