Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveCondominium

2250 Gatewood Street

Los Angeles, CA, 90031

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$598,000

MLS: P1-25848

Beds

2

Baths

2

Sq Ft

701

Lot

Year Built

2025

MLS #

P1-25848

Days on Market

61

Listed

Feb 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-bedroom, 2-bath residence. A design forward nod to Frogtown's artistic spirit.Inside the aesthetic softens into a warm, organic palette layered with natural textures, clean lines, and abundant light. Vaulted ceilings elevate the open concept living space, creating volume and architectural interest while enhancing the airy, inviting feel. Wide plank wood flooring grounds the interiors with warmth and continuity.The kitchen blends modern simplicity with subtle character, featuring shaker cabinetry, quartz countertops, stainless steel appliances, matte black fixtures, and thoughtfully placed windows that draw in natural light from multiple angles. The seamless flow from kitchen to dining to living makes the layout feel both intimate for everyday living and ideal for entertaining.Step outside to a private patio offering functional outdoor space, while dedicated parking adds convenience. Framed by a scenic hillside backdrop and positioned near the river, you're moments from Frogtown's beloved coffee shops, breweries, art studios, and the LA River bike path.This is modern Eastside living. Architectural, light-filled, and thoughtfully executed at a price point that simply makes sense.

Location

Los Angeles, Los Angeles County, CA 90031

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Listed by: Michael De Perio · Kirela Real Estate Co

Payment estimate

$4,454

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $59,800 · Loan: $538,200

%
Principal & Interest
$3,307
Property tax (1.25%)
$623
Homeowners insurance
$300
Mortgage insurance
$224
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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 $20,930 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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