Recently Listed New Construction 2248 Gatewood Street
Los Angeles, CA, 90031 $ 2,750,000
Baths2.0 Sq 3,402 Monthly Estimate*
$ 16,932
Listed by Kirela Real Estate Co
Studio for $2,750,000 with 2 full baths. This 3,402 square foot home was built in 2025 on a lot size of 0.1171.
Thoughtful architecture meets iconic Eastside energy in one of Los Angeles' most creative and rapidly evolving neighborhoods. This newly completed ground up development offers 8 bedrooms, 10 bathrooms, and approximately 3,402 square feet of total living space across two separate structures. A rare and versatile compound designed to command strong market rents in a high demand rental corridor.With its striking vertical slatted facade and custom green exterior, the property makes an immediate statement. A design forward nod to Frogtown's creative spirit. Energy efficient solar panels on the front unit to keep operating costs low, enhancing long term returns while reducing environmental impact.Across both structures, interiors soften into a warm, organic palette layered with natural textures, clean lines, and abundant natural light. Wide plank wood flooring runs throughout airy open concept living spaces, where oversized windows frame hillside views and invite sunlight from multiple angles. Each kitchen blends modern simplicity with warmth, featuring white oak/shaker cabinetry, quartz countertops, stainless steel appliances, and gold/matte black fixtures Designed to attract quality tenants seeking elevated, design centric living.All bedrooms are generously sized retreats, offering privacy and comfort rarely found in rental properties. Bathrooms are spa inspired and highly curated from soft sage vertical tile surrounds with matte black fixtures to terracotta tile showers paired with champagne hardware and glass enclosures. Every bath feels intentional, elevated, and refined, reinforcing the property's premium positioning in the rental market.Private patios and on site parking provide functional outdoor space, while the hillside backdrop and river adjacent setting place residents moments from Frogtown's coffee shops, breweries, art studios, and the LA River bike path. This is modern Eastside living reimagined as a high performing, design driven investment opportunity with scale, style, and income potential.
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling Central Air
Appliances Dishwasher Electric Oven Electric Range Electric Water Heater Gas Oven Refrigerator Tankless Water Heater
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 2025
View Mountain(s)
Stories Count 2
Levels Two
Gross Income 204000
Community Features Biking Park Sidewalks
County Los Angeles
Net Operating Income 169000
Operating Expense 35000
Insurance Expense 4500
New Construction true
Property Type Residential Income
Subdivision Name Not Applicable
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Riverside / Gatewood
City Los Angeles
Senior Community Y/N false
MLS Area 606 - Atwater
Lot Size Units Square Feet
Lot Size Square Feet 5100
Listing Terms Cash Cash to New Loan Conventional
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 900
Rent Control Y/N false
Standard Status Active
Year Built Source Builder
Tax Lot 25
Expected Active Date 2026-02-26
Cap Rate 6.15
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InteriorFlooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Closet
Total Baths 0
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ExteriorFencing Wood
Parking Features Assigned
Lot Features Sprinklers None
Water Source Public
Total Parking 4
Lot Size Area 5100
Number of Buildings 2
Spa false
Building Area Total 3402
Lot Size Acres 0.1171
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 2
Number of Separate Electric Meters 4
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* Excluded FeaturesList ByKirela Real Estate CoBroker
Affordability Calculator
- Monthly Principal & Interest
- $16,932
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,847,188
Percent of Sale Price 33%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/26/2026 | $2,750,000 | | Listed Price |