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   CONFIDENTIALITY AGREEMENT

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   The Offering

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   Investment Highlights

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   Statistics

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   Property Details

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   Discover Los Angeles

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   Photo Gallery

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   Get Financing

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   Map

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   Contact Us

CONFIDENTIALITY AGREEMENT >


FOURPLEX IN LOS ANGELES | SIGNIFICANT UPSIDE POTENTIAL


2230 GATES ST, LOS ANGELES, CA 90031-2906, UNITED STATES

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THE OFFERING

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2230-2232 GATES STREET, LOS ANGELES, CA 90031

CBRE, Inc., as exclusive advisor, is 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-maintence 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.



INVESTMENT HIGHLIGHTS

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2230-2232 GATES STREET | LOS ANGELES, CA

 * Centrally Located Fourplex in the Lincoln Heights Area of Los Angeles
   
 * First Time on the Market in 40 Years
   
 * ±4,114 SF Low-Maintenance Property Situated on a ±8,631 SF Lot
 * Attractive Unit Mix Featuring 1, One-Bed/One-Bathroom; 1,
   Two-Bedroom/One-Bathroom; 1, Three-Bedroom/One-Bathroom and 1, 3B/1B House —
   Average Unit Size of 1,029 Square Feet
   
 * Property Features Low-Maintenance Mature Landscaping, Surface and Ample
   Street Parking
   
 * Units are Spacious and Feature Kitchens with Appliances, Wall Air & Heating,
   Wall-to-Wall Carpeting, Vertical Blinds, Security Screen Doors, Window Guards
   and Private Patios or Porches
   
 * Property Offers Convenient Access to USC Keck School of Medicine, the
   Historic Lincoln Park Recreation Center and Metro Lincoln Heights Cypress
   Light Rail Station
   
 * Significant Potential for Rental Upside – Opportunity for Approximately 82%
   Rental Growth to Achieve Market Rents
   
 * Ideally Located Within Southern California Offering Easy Access to the 5,
   110, and 10 Freeways Connecting to All of Los Angeles County, Ventura County
   and Beyond
   
 * Convenient Access to Neighboring Cities Echo Park, Monterey Park, Alhambra,
   Silver Lake, East Los Angeles and Highland Park

$950,000
Asking Price
4
Units
4,114
sq ft
1895
Year Built
4
Units
4,114
sq ft
1895
Year Built
$950,000
Asking Price
4,114
sq ft
1895
Year Built
$950,000
Asking Price
4
Units
1895
Year Built
$950,000
Asking Price
4
Units
4,114
sq ft
$950,000
Asking Price
4
Units
4,114
sq ft
1895
Year Built


PROPERTY DETAILS

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INTERIOR FEATURES

 * Kitchens with Appliances 
 * Wall Air and Heating 
 * Wall-to-Wall Carpet 
 * Individual Patios or Porches 
 * Security Screen Doors 
 * Window Guards


COMMON AREA FEATURES

 * Low Maintenance, Mature Landscaping
 * Surface Vehicle Parking 
 * Ample Street Parking 
 * Attached Garage 


UNIT MIX

DescriptionUnit MixSquare Footage1B/1B15712B/1B11,0003B/1B11,1003B/1B
House11,443

 


DISCOVER LOS ANGELES

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2230-2232 GATES STREET | LOS ANGELES, CA

GEOGRAPHIC 
Los Angeles County encompasses diverse landscapes - from the Pacific coastline
with its iconic beaches to the Angeles National Forest mountains. It boasts
vibrant cities like Los Angeles, along with sprawling valleys and deserts.
Lincoln Heights is a historic neighborhood in Los Angeles experiencing
revitalization. The area offers a vibrant Latino and Asian community with a rich
cultural heritage. The neighborhood is well-connected, situated near Dodger
Stadium, Downtown LA, and Union Station. Residents enjoy convenient access to
expansive green spaces like Elysian Park, Ernest E. Debs Regional Park, and
Ascot Hills Park. Lincoln Heights boasts a mix of architectural styles, from
charming bungalows to modern condos, catering to a diverse range of renters.

GENERAL ECONOMIC OVERVIEW
Los Angeles County boasts a dynamic economy, ranking among the largest in the
world. Key industries include entertainment, media, technology, healthcare, and
international trade. The county benefits from a highly educated workforce and a
steady stream of innovation. This robust economic base fuels job growth and
attracts a diverse population to its vibrant multifamily market. Lincoln Heights
is experiencing revitalization. Traditionally a working-class neighborhood, it
boasts a strong sense of community with a mix of small businesses and local
shops. New development projects and its proximity to expanding employment hubs
like Downtown LA suggest potential for economic improvement. This can attract
residents seeking a vibrant and affordable lifestyle near major job centers.
Lincoln Heights enjoys a central location within Los Angeles, offering
convenient access to Downtown LA, major transportation arteries, and exciting
entertainment districts.

RECREATION & ENTERTAINMENT
Los Angeles County is a global center for entertainment, recreation, and
tourism. Hollywood, the heart of the film industry, attracts millions of
visitors annually. World-renowned theme parks like Disneyland and Universal
Studios solidify the county’s position as a leisure destination.  Beyond the
manufactured thrills, residents enjoy miles of pristine beaches, stunning
mountain ranges, and cultural landmarks. This vibrant scene fuels the economy,
creates jobs, and fosters a dynamic, multicultural environment that continues to
attract residents and investors seeking a lifestyle unmatched anywhere else.

EDUCATION
Los Angeles County boasts a strong educational system, with prestigious
universities like the University of Southern California (USC) attracting a
talented student body.  USC’s Keck School of Medicine, located near the property
in Lincoln Heights, is particularly renowned, drawing world-class medical
professionals and researchers. This proximity to a top medical school can be a
significant advantage for your multifamily offering, attracting students,
faculty, and medical professionals seeking a convenient and vibrant place to
live.  The county also benefits from a network of public and private schools,
providing a variety of educational options for residents of all ages. Beyond
USC, Los Angeles County is home to other prominent institutions like UCLA,
California State University, Los Angeles (CSULA), and California Institute of
Technology (Caltech). This concentration of top universities fosters a highly
educated population and a strong research environment, further propelling
innovation and economic growth in the region.


PHOTO GALLERY

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2230 Gates St, Los Angeles, CA 90031-2906, United States


CONTACT US

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Eric Chen
Executive Vice President
CBRE
+1 (909) 418-2071
Lic. 01489184

Blake Torgerson
Vice President
CBRE
+1 (909) 418-2074
Lic. 01919955

Justino Faaola
Associate
CBRE
+1 626 315 7603
Lic. 02038198


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© 2024 CBRE, Inc. This information has been obtained from sources believed
reliable. We have not verified it and make no guarantee, warranty or
representation about it. Any projections, opinions, assumptions or estimates
used are for example only and do not represent the current or future performance
of the property. You and your advisors should conduct a careful, independent
investigation of the property to determine to your satisfaction the suitability
of the property for your needs.

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