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2913 Illinois Avenue, South Gate, California 90280, South Gate, 90280 - bed, bath

2913 Illinois Avenue, South Gate, California 90280 home-pic-0
ACTIVE$895,000
2913 Illinois Avenue, South Gate, California 90280
0Bed
0Bath
1,584Sqft
5,379Lot
Year Built
1948
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$565
HOA
-
Days on market
-
Sold On
-
MLS number
AR25060082
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $895.0K(50th), sqft - 1584(50th), beds - undefined(50th), baths - undefined(50th).

Discover 2913 Illinois Ave, a charming triplex nestled in a picturesque, tree-lined residential neighborhood of South Gate, CA. Built in 1948, this well-maintained property exudes character and offers an excellent investment opportunity with stable rental income and room for upside potential. The property features three spacious 1-bedroom, 1-bath units, each with its own private 1-car garage. Recent updates include a freshly painted Unit B with a brand-new wall air conditioner installed in 2024. Additional perks include three individual tankless water heaters, a fenced front yard, and extra storage space at the rear of the property. For investors looking to maximize value, the lot presents an incredible opportunity to build two ADUs (buyer to verify), further enhancing rental income potential. Don’t miss this chance to own a solid income-producing property in a desirable residential neighborhood!

Nearby schools

4/10
Stanford Avenue Elementary School
Public,•K-5•0.1mi
7/10
Willow Elementary
Public,•K-5•0.3mi
5/10
Madison Elementary School
Public,•K-5•0.4mi
6/10
Montara Avenue Elementary School
Public,•K-6•0.4mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.5mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•0.8mi
5/10
Independence Elementary School
Public,•K-5•0.8mi
4/10
State Street Elementary School
Public,•K-5•1.0mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•1.0mi
4/10
San Miguel Elementary School
Public,•K-5•1.1mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.5mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.6mi
3/10
Roosevelt Elementary School
Public,•K-6•1.6mi
5/10
Tweedy Elementary School
Public,•K-5•2.2mi
4/10
Lugo Elementary School
Public,•K-6•2.4mi
2/10
Southeast Middle School
Public,•6-8•0.5mi
5/10
South Gate Middle School
Public,•6-8•1.2mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.4mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.6mi
2/10
Hosler Middle School
Public,•7-8•1.8mi
6/10
South East High School
Public,•9-12•0.4mi
6/10
South Gate Senior High School
Public,•9-12•0.6mi
4/10
Lynwood High School
Public,•9-12•2.1mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.4mi

Price History

Date
Event
Price
12/11/23
Sold
$750,000
12/11/15
Sold
$430,000
Condition Rating
Fair
Built in 1948, the property is aged but described as 'well-maintained' with some recent minor updates like fresh paint and a new wall AC in Unit B, and individual tankless water heaters. However, the kitchen, as seen in the images, features dated dark wood cabinets, older countertops, basic tile flooring, and an outdated light fixture, lacking modern appliances. No bathroom images were provided. While some rooms show newer laminate flooring and paint, the overall condition, particularly the kitchen, indicates that major components are functional but show significant signs of being outdated and would require substantial cosmetic and feature updates to meet current quality standards.
Pros & Cons

Pros

Strong Investment Potential: The property is explicitly described as a 'solid income-producing property' with 'stable rental income and room for upside potential,' making it attractive for investors.
ADU Development Opportunity: The lot offers an 'incredible opportunity to build two ADUs,' which can significantly enhance future rental income and overall property value.
Desirable Neighborhood: Nestled in a 'picturesque, tree-lined residential neighborhood' of South Gate, indicating a pleasant living environment for tenants.
Individual Unit Amenities: Each of the three 1-bedroom, 1-bath units includes its own private 1-car garage and individual tankless water heaters, enhancing tenant convenience and reducing shared utility issues.
Recent Updates & Maintenance: Unit B was freshly painted with a brand-new wall air conditioner installed in 2024, and the property is generally described as 'well-maintained,' suggesting good upkeep.

Cons

Age of Property: Built in 1948, the property's age, despite being well-maintained, may imply older infrastructure and potential for future capital expenditures beyond recent updates.
Limited Unit Configuration: All three units are 1-bedroom, 1-bath, which may limit the tenant pool to singles or couples, potentially reducing rental market flexibility compared to properties with varied unit sizes.
Partial Cooling System: Only Unit B is noted to have a new wall air conditioner, suggesting the other two units may lack modern cooling systems, which could be a drawback for tenant comfort in warmer climates.

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