2248 1/2 Gatewood Street
Los Angeles, CA, 90031
$699,000
MLS: P1-26635
Beds
2
Baths
3
Sq Ft
1,000
Lot
0.12 ac
Year Built
2025
MLS #
P1-26635
Days on Market
3
Listed
Apr 13, 2026
Description
Thoughtful architecture meets iconic Eastside energy in one of Los Angeles' most creative and rapidly evolving neighborhoods. Be the first to live in this ground up new construction 2 bed, 2.5 bath residence. Make an immediate statement with its striking vertical slatted facade and custom green exterior. A design forward nod to Frogtown's creative spirit. Energy efficient solar panels keep your bills low and your footprint light. Inside, the aesthetic softens into a warm, organic palette layered with natural textures, clean lines, and abundant light.The open concept living space is airy and inviting, grounded by wide plank wood flooring and oversized windows that frame hillside views. The kitchen blends modern simplicity with warmth, featuring Euro white oak cabinetry, quartz countertops, stainless steel appliances, matte black fixtures, and thoughtfully placed windows that bring in natural light from multiple angles. The layout flows effortlessly from kitchen to dining to living, creating a space that feels both intimate and ideal for entertaining.Upstairs both bedrooms are en-suite retreats. Bathrooms are spa inspired and highly curated from the soft sage vertical tile surround with matte black fixtures to the terracotta tile shower paired with champagne hardware and glass enclosure. Each bath feels intentional, elevated, and design driven.A private patio and parking provide functional outdoor space, while the hillside backdrop and river-adjacent location place you moments from Frogtown's coffee shops, breweries, art studios, and the LA River bike path. This is modern Eastside living done right at a price that just makes sense.
Location
Los Angeles, Los Angeles County, CA 90031
Open on Google Maps ↗Listed by: Michael De Perio · Kirela Real Estate Co
Payment estimate
$5,156
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,900 · Loan: $629,100
- Principal & Interest
- $3,865
- Property tax (1.25%)
- $728
- Homeowners insurance
- $300
- Mortgage insurance
- $262
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 $24,465 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.
Similar Homes Nearby
Active and pending listings in ZIP 90031 (Los Angeles) within ±10% of this home's price and size.
Local Market Stats
See Los Angeles, CA 90031 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.