Seller's Agent in 2016
Sonia Curtis
S Curtis Properties
(310) 367-6603
11 Total Sales
2038 Gates St Los Angeles, CA 90031
Lincoln Heights NeighborhoodEstimated Value: $891,000 - $1,379,000
5
Beds
2
Baths
1,224
Sq Ft
$890/Sq Ft
Est. Value
About This Home
As of December 2016Great investment opportunity. This property has been owned by one owner for the last 40 years. There are two separate units on the same lot. Great for owner user. Projected rents for 2 bed 1 bath are 1500.00 per month. 1800 for 3 bed 1 bath. 2 bed 1 bath is currently tenant occupied for 1250.00 per month. The same tenants have occupied this unit for 9 years. Actual Square Footage combined for both units is 2112. Third bedroom and dining room was added on the 2038 Gates and seller has permits. Everything was done to code as per seller who states the city comes every 4 years to do inspections. Actual List Price per square feet is 330.86. The MLS only shows square footage for one unit. 2040 Gates Street has a tenant and buyer must do all due diligence regarding rent control laws. tenants may come with the property in the smaller unit if buyer wants.
Last Agent to Sell the Property
S Curtis Properties License #01777645 Listed on: 10/26/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,790
Year Built
- Built in 1922
Lot Details
- 7,734 Sq Ft Lot
Home Design
- Duplex
Interior Spaces
- 1,224 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- Driveway
Community Details
- 2 Buildings
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 5211-003-018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2016
Closed on
Nov 22, 2016
Sold by
Medina Guadalupe G and Medina Ruben Tellez
Bought by
Wong Simon and Tang Sonia
Seller's Agent
Sonia Curtis
S Curtis Properties
Buyer's Agent
Sonia Curtis
S Curtis Properties
List Price
$699,000
Sold Price
$610,000
Premium/Discount to List
-$89,000
-12.73%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,464
Avg. Annual Appreciation
6.80%
Purchase Details
Closed on
Apr 20, 2016
Sold by
Medina Ruben Tellez and Medina Guadalupe G
Bought by
Medina Guadalupe G and Medina Ruben Tellez
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.71%
Mortgage Type
Credit Line Revolving
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wong Simon | $610,000 | Fidelity Sherman Oaks | |
| Medina Guadalupe G | -- | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Medina Guadalupe G | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2016 12/16/16 | Sold | $610,000 | -7.5% | $498 / Sq Ft |
| 11/11/2016 11/11/16 | Pending | -- | -- | -- |
| 11/06/2016 11/06/16 | Price Changed | $659,500 | -5.7% | $539 / Sq Ft |
| 10/26/2016 10/26/16 | For Sale | $699,000 | -- | $571 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,790 | $707,951 | $272,269 | $435,682 |
| 2024 | $8,790 | $694,071 | $266,931 | $427,140 |
| 2023 | $8,625 | $680,463 | $261,698 | $418,765 |
| 2022 | $8,232 | $667,121 | $256,567 | $410,554 |
| 2021 | $8,127 | $654,041 | $251,537 | $402,504 |
| 2020 | $8,206 | $647,335 | $248,958 | $398,377 |
| 2019 | $7,890 | $634,643 | $244,077 | $390,566 |
| 2018 | $7,737 | $622,200 | $239,292 | $382,908 |
| 2016 | $1,666 | $124,996 | $49,552 | $75,444 |
| 2015 | $1,644 | $123,119 | $48,808 | $74,311 |
| 2014 | $1,662 | $120,708 | $47,852 | $72,856 |
Source: Public Records
Agents Affiliated with this Home
-
Sonia Curtis
Map
Source: The MLS
MLS Number: 16-175204
APN: 5211-003-018
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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