2202 Gates Street
Los Angeles, CA, 90031
$625,000
MLS: WS25114786
Beds
1
Baths
1
Sq Ft
858
Lot
0.06 ac
Year Built
1903
MLS #
WS25114786
Days on Market
182
Listed
May 22, 2025
Description
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!
Location
Los Angeles, Los Angeles County, CA 90031
Open on Google Maps ↗Listed by: DIANA VELEZ · CENTURY DREAM HOME & ESTATES
Payment estimate
$4,642
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $62,500 · Loan: $562,500
- Principal & Interest
- $3,456
- Property tax (1.25%)
- $651
- Homeowners insurance
- $300
- Mortgage insurance
- $234
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $21,875 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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