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Back 2016 Gates Street
Off Market

2016 Gates Street

Los Angeles CA 90031

8
4
6969 sq. ft.
Multi-Family
Last sold for $921,000
Logan Allred Logan Allred , last sold this property on 26 January 2026 after 58 days on market.

Overview

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 and offers quick, easy access to Downtown Los Angeles, making it highly desirable for tenants. Whether youre adding to your portfolio or securing your next long-term investment, this property presents a rare chance to own a dependable, income-producing asset in one of LAs most centrally connected neighborhoods. Continue the level of care it has received, and it will continue to reward for years to come.

Features

8 bedrooms
4 bathrooms
6969 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar 8 bedroom multi families sold in Los Angeles over the last 12 months.

Property history for 2016 Gates Street

2026
Sold
$921,000
26 Jan 2026 by Logan Allred , of JohnHart Corp

Happy sellers in Los Angeles

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We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 8 bedroom multi families in Los Angeles

Nearby agents

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PEISHAN HE

PEISHAN HE is a recommended agent for Los Angeles.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (15 reviews)
  •  1 Review in Los Angeles
  •  1 Sale in Los Angeles
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PAUL LUNA

Sellers who recommend PAUL LUNA have praised them for being local expert, clear communication, responsive, reliable, friendly, well-prepared, and honest

  •   5   (39 reviews)
  •  3 Sales in Los Angeles
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Sarah Lin

Sarah Lin is a recommended agent for Los Angeles.  They have 3 local sales across the last 12 months.

  •  3 Sales in Los Angeles
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Elizabeth Ramirez

Elizabeth Ramirez is a recommended agent for Los Angeles.  They have 2 local sales across the last 12 months.

  •  2 Sales in Los Angeles
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