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2132 Gates Street

2132 Gates Street, Los Angeles, CA 90031
Property in Lincoln Heights
Sold Feb 08, 2022
$620,000
$496,000 by Western Express Lending
Mortgage Due Mar 01, 2052
Sold Oct 18, 2012
$220,000
$176,000 by Lenox Financial Mortgage Corp
Mortgage Due Nov 01, 2042
2132 Gates Street has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1904 and is 120 years old. The home has a total of 6 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2132 Gates Street has 901 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 700 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 2,800 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip style roof made of composition shingle. In terms of heating, it is utilizing floor/wall heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2132 Gates Street sold most recently in Feb 2, 2022 for a total of $620,000. If you work out the math, that's approximately a cost of $688.12 per sqft. Before that, the property was also sold for $220,000 in Jun 4, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,108 in taxes each year. 2132 Gates Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $632,400. If we break it down further, the land itself was valued at $505,920. Improvements to the property, however, were assessed at a total of $126,480. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1904
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,800
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 400
  • Total Building Area: 901
  • Building Area: 901
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 901
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE VIGNES TRACT
  • Land Acres: 0.064
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RESUB OF LOTS 8 AND 9 BLK 5 OF THE VIGNES TRACT W 70 FT OF LOT/SEC 1

Ownership

  • Current Owner : VONG PHONG
  • Current Owner 2: TRUONG SUNG
  • Previous Owner : SUNG HO CALVIN
  • Previous Owner 2: CHU KIN
  • Owner Before Previous Owner: HUANG KENNY L
  • Owner Before Previous Owner 2: HUANG ALICE Z
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 199801

Zoning

  • Zoning: LARD3

Geography

  • Assessors Map Reference: 45-B1
  • Subdivision Tract Number: W
  • Parcel: 5211-002-001
  • Block: 5
  • Lot: 8,9
  • Municipality: EAST /EL SERENO SOUTH
  • Latitude: 34.0701
  • Longitude: -118.206

    Address

  • Full Address: 2132 Gates St
  • Address - House Number: 2132
  • Address - Street Name: Gates
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C022
  • 4-Digit Zip Code: 3110
  • Zip Code: 90031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,108
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.2203
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 635,648
  • High Value: 775,711
  • Low Value: 495,586

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $496,000
  • First Open Lien Mortgage Lender: WESTERN EXPRESS LENDING
  • First Open Lien Mortgage Recording Date: Feb 08, 2022
  • First Open Lien Mortgage Loan Amount: $496,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $632,400
  • Assessed Land Value: $505,920
  • Assessed Improvements Value: $126,480

    Sales

  • Current Sale Contract Date: Feb 02, 2022
  • Current Sale Recording Date: Feb 08, 2022
  • Current Sale Transaction ID: 11879260260
  • Current Sale Price: $620,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 158055
  • Previous Sale Recording Date: Oct 18, 2012
  • Previous Sale Contract Date: Jun 04, 2012
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WESTERN EXPRESS LENDING
  • First Mortgage Transaction Date: Feb 08, 2022
  • First Mortgage Loan Amount: $496,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: LENOX FINANCIAL MORTGAGE CORP
  • Previous Mortgage Transaction Date: Oct 18, 2012
  • Previous Mortgage Loan Amount: $176,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2042

About East LA



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Nearby Rentals

Unit for rent at 3007 N Sierra St, Los Angeles, CA, 90031

$1,595 /mo

  • 40 Beds
  • 1 Bath
  • 350 ft²
3007 N Sierra St, Los Angeles, CA, 90031 Listing by Jonathan Paik

Frequently Asked Questions

What neighborhood is 2132 Gates Street located in?
The 2132 Gates Street is a located in the neighborhood of Lincoln Heights in East LA, Los Angeles.
What is the average sales price for listings in 2132 Gates Street?
The average sales price for units in 2132 Gates Street is $0 currently.

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