Property Details
About this Property
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
MLS Listing Information
MLS #
CRCV25266332
MLS Source
California Regional MLS
Days on Site
6
Interior Features
Appliances
Other, Oven - Gas, Oven Range - Gas
Flooring
Laminate
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 5 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2016 Gates St is a Residential Income in Los Angeles, CA 90031. This – square foot property sits on a 6,969 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $898,000 and was built in 1908. This address can also be written as 2016 Gates St, Los Angeles, CA 90031.
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This listing information is up-to-date as of December 02, 2025. For the most current information, please contact Logan Allred, (909) 766-0552
