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8648 Chestnut Avenue, South Gate, California 90280, South Gate, 90280 - 4 bed, 4 bath

8648 Chestnut Avenue, South Gate, California 90280 home-pic-0
ACTIVE$950,000
8648 Chestnut Avenue, South Gate, California 90280
4Beds
4Baths
2,116Sqft
5,986Lot
Year Built
1928
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$449
HOA
-
Days on market
-
Sold On
-
MLS number
DW25158293
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $950.0K(54th), sqft - 2116(62th), beds - 4(77th), baths - 4(92th).

Excellent Opportunity in the Heart of South Gate! Don’t miss this incredible chance to own a well-maintained fourplex in one of South Gate’s most desirable neighborhoods. Each of the four units features 1 bedroom and 1 bathroom, offering comfortable living with strong rental appeal. Whether you’re looking to invest or live in one unit while renting out the others, this property is a smart choice for building long-term equity and generating steady income. A must-see for both savvy investors and owner-occupants alike! Nestled on a spacious lot with a long driveway leading toward back parking spaces. Close to shopping, dining, and freeways. Please note, the property is being sold "as-is", buyers to conduct thorough investigations into its present condition. Buyer to satisfy self for square footage, permits and/or inspections. Seller or agent does not imply or make warranties or guarantees. Buyer and buyer’s agent to conduct their own due diligence. With its prime location and incredible potential, this property is a rare find. Property will be delivered with tenants. Don’t miss the opportunity to make this your own!

Nearby schools

7/10
Willow Elementary
Public,•K-5•0.2mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•0.4mi
4/10
Stanford Avenue Elementary School
Public,•K-5•0.5mi
5/10
Independence Elementary School
Public,•K-5•0.6mi
4/10
State Street Elementary School
Public,•K-5•0.6mi
5/10
Madison Elementary School
Public,•K-5•0.8mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.8mi
6/10
Montara Avenue Elementary School
Public,•K-6•0.9mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•0.9mi
4/10
San Miguel Elementary School
Public,•K-5•1.3mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.7mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.8mi
3/10
Roosevelt Elementary School
Public,•K-6•1.9mi
5/10
Tweedy Elementary School
Public,•K-5•2.3mi
4/10
Lugo Elementary School
Public,•K-6•2.6mi
2/10
Southeast Middle School
Public,•6-8•0.8mi
5/10
South Gate Middle School
Public,•6-8•1.2mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.3mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.7mi
2/10
Hosler Middle School
Public,•7-8•2.2mi
6/10
South Gate Senior High School
Public,•9-12•0.5mi
6/10
South East High School
Public,•9-12•0.8mi
4/10
Lynwood High School
Public,•9-12•2.3mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.5mi

Price History

Date
Event
Price
07/14/25
Listing
$950,000
08/03/09
Sold
$365,000
02/24/06
Sold
$660,000
12/04/02
Sold
$255,000
Condition Rating
Fair
The property, built in 1928, is aged but appears maintained. While some units feature newer flooring (LVP/tile) and updated refrigerators, the kitchens and bathrooms largely retain outdated elements such as older cabinetry, basic countertops, and older tiled showers. The presence of wall heaters instead of central HVAC also indicates an older system. The property is functional and livable, but requires minor updates to modernize its style and features, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Multi-Unit Income Property: This quadruplex offers diversified income streams and strong rental appeal, providing immediate cash flow as it will be delivered with existing tenants.
Prime South Gate Location: Situated in a desirable neighborhood, offering convenient access to shopping, dining, and major freeways, enhancing tenant demand and property value.
Strong Investment Potential: Positioned as an excellent opportunity for building long-term equity and generating steady income, suitable for both seasoned investors and owner-occupants.
Ample Parking & Spacious Lot: Features a spacious lot with a long driveway leading to multiple back parking spaces, a valuable amenity in a dense urban environment.
Reported Well-Maintained Condition: Described as 'well-maintained,' suggesting a property that has received care, potentially reducing immediate capital expenditure despite its age.

Cons

As-Is Sale & Due Diligence Burden: Sold strictly 'as-is,' placing the full responsibility on the buyer for extensive due diligence, inspections, and potential costs for unknown repairs or upgrades.
Advanced Age of Structure: Built in 1928, the property is nearly a century old, which may indicate a need for significant updates to systems (plumbing, electrical) and could lead to higher ongoing maintenance expenses.
Tenant Occupancy at Close: While providing immediate income, inheriting existing tenants and leases can limit a new owner's flexibility for immediate renovations, rent adjustments, or personal occupancy of a unit.

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