2202 Gates Street, Lincoln Heights, California 90031, Lincoln Heights, 90031 - 1 bed, 1 bath
ACTIVE$625,000
2202 Gates Street, Lincoln Heights, California 90031
1Bed
1Bath
858Sqft
2,753Lot
Year Built
1903
Close
-
List price
$625K
Original List price
$650K
Price/Sqft
$728
HOA
-
Days on market
-
Sold On
-
MLS number
WS25114786
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $625.0K(5th), sqft - 858(16th), beds - 1(8th), baths - 1(32th).
This charming corner home, on the market for the first time in over 60 years, is an ideal opportunity for a first-time home buyer. It features 2 bedrooms and 1 bathroom, along with a nice-sized yard. One of the bedrooms offers a private entrance accessible via the carport, providing flexibility. Located in an established neighborhood, you'll find everything you need within easy reach, from eateries to nightlife. For those who enjoy exploring, the home offers convenient access to DTLA, Dodger Stadium, and Keck Medical Center. Don't miss this chance to secure your own slice of this vibrant city!
Nearby schools
4/10
Gates Street Elementary School
Public,•K-5•0.1mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.3mi
6/10
Multnomah Street Elementary School
Public,•K-5•0.8mi
3/10
Albion Street Elementary School
Public,•K-6•0.8mi
2/10
Murchison Street Elementary School
Public,•K-6•1.0mi
2/10
Hillside Elementary School
Public,•K-5•1.1mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.2mi
4/10
Loreto Street Elementary School
Public,•K-5•1.3mi
4/10
Bridge Street Elementary School
Public,•K-5•1.4mi
3/10
Ann Street Elementary School
Public,•K-6•1.4mi
5/10
Glen Alta Elementary School
Public,•K-8•1.0mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.3mi
5/10
El Sereno Middle School
Public,•6-8•1.7mi
6/10
Hollenbeck Middle School
Public,•6-8•2.4mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.3mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.1mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.2mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.3mi
Price History
Date
Event
Price
09/27/25
Price Change
$625,000
05/22/25
Listing
$650,000
Condition Rating
Poor
Built in 1903 and explicitly stated to be on the market for the first time in over 60 years, indicating no major renovations in that period. The kitchen is extremely dated with old cabinets, basic tile flooring, and older appliances, requiring a full gut renovation. The bedroom features a popcorn ceiling and a very dated ceiling fan. This property requires substantial repairs and rehabilitation, including likely major system upgrades (electrical, plumbing, HVAC) due to its age and lack of recent updates, making it uncomfortable for modern living without significant investment.
Pros & Cons
Pros
Prime Location & Accessibility: Situated in an established Lincoln Heights neighborhood with convenient access to DTLA, Dodger Stadium, Keck Medical Center, and local amenities including eateries and nightlife.
First-Time Home Buyer Opportunity: Explicitly marketed as an ideal entry-level home, appealing to a specific buyer demographic looking to secure a foothold in a vibrant city.
Corner Lot & Outdoor Space: As a charming corner home, it likely benefits from increased natural light and privacy, complemented by a 'nice-sized yard' for outdoor enjoyment.
Excellent School Proximity: Located within a very short distance to highly-rated Gates Street Elementary (0.11 miles, rating 4) and Abraham Lincoln Senior High (0.27 miles, rating 5) schools.
Recent Price Reduction: A recent $25,000 price drop from the original list price indicates seller motivation and potentially a more competitive offering for buyers.
Cons
Historic Age & Renovation Needs: Built in 1903, the property is over a century old, likely requiring substantial investment for system upgrades (plumbing, electrical) and modernization to meet contemporary living standards.
Compact Living Area & Limited Amenities: With 858 sqft, 1 bedroom, and 1 bathroom, the property offers limited interior space and amenities, which may not suit all buyer needs or larger households.
Discrepancy with Market Valuation: The current list price of $625,000 is 7% above the estimated property value of $575,862, potentially indicating an overvaluation and posing challenges for financing or buyer perception.