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8912 Elizabeth Avenue, South Gate, California 90280, South Gate, 90280 - 2 bed, 1 bath

8912 Elizabeth Avenue, South Gate, California 90280 home-pic-0
ACTIVE$699,999
8912 Elizabeth Avenue, South Gate, California 90280
2Beds
1Bath
888Sqft
6,653Lot
Year Built
1940
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$788
HOA
-
Days on market
-
Sold On
-
MLS number
DW25085151
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $700.0K(48th), sqft - 888(10th), beds - 2(40th), baths - 1(50th).

*****APPROVED plans to expand into a stunning triplex totaling 2,714 sq ft. Welcome to 8912 Elizabeth Avenue—a rare opportunity offering endless potential in one of South Gate’s most sought-after locations. Situated just off Firestone Boulevard, this charming single-family home sits on a generous lot and comes with *****APPROVED plans to expand into a stunning triplex totaling 2,714 sq ft***** —a perfect opportunity for first-time buyers looking to secure their future! This charming 2-bedroom, 1-bath home offers immediate comfort with modern upgrades, while also delivering serious long-term investment potential. Situated on a generous 6,653 sq ft lot, the property includes APPROVED plans to expand into a stunning 2,714 sq ft triplex—an incredible value-add for those dreaming of homeownership now and passive income later. Inside, enjoy a bright and inviting layout with updated flooring, a renovated kitchen with granite countertops, and a stylish bath with a walk-in tiled shower. The gated front yard with artificial turf and the spacious backyard with fruit trees offer outdoor enjoyment and future build flexibility. The long driveway and detached garage provide ample parking. Whether you're a buyer seeking your first home or a visionary planning for future rental income, this property checks every box. Live in it today, build wealth tomorrow! Conveniently located near Firestone Blvd, shopping, dining, and freeways. Don't miss your chance to own, grow, and invest—all in one place.

Nearby schools

4/10
San Gabriel Avenue Elementary School
Public,•K-5•0.4mi
5/10
Independence Elementary School
Public,•K-5•0.4mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.5mi
5/10
Madison Elementary School
Public,•K-5•0.6mi
4/10
State Street Elementary School
Public,•K-5•0.7mi
4/10
Stanford Avenue Elementary School
Public,•K-5•0.7mi
4/10
San Miguel Elementary School
Public,•K-5•0.8mi
7/10
Willow Elementary
Public,•K-5•0.8mi
6/10
Montara Avenue Elementary School
Public,•K-6•0.9mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•0.9mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.1mi
3/10
Roosevelt Elementary School
Public,•K-6•1.4mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.5mi
5/10
Tweedy Elementary School
Public,•K-5•1.7mi
4/10
Lugo Elementary School
Public,•K-6•2.0mi
5/10
South Gate Middle School
Public,•6-8•0.6mi
2/10
Southeast Middle School
Public,•6-8•1.1mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.3mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.8mi
2/10
Hosler Middle School
Public,•7-8•1.9mi
6/10
South Gate Senior High School
Public,•9-12•0.1mi
6/10
South East High School
Public,•9-12•1.0mi
4/10
Lynwood High School
Public,•9-12•1.8mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•1.9mi

Price History

Date
Event
Price
06/17/22
Sold
$600,000
Condition Rating
Good
The property, built in 1940, has undergone significant recent renovations, including updated flooring, a renovated kitchen with granite countertops and modern cabinets, and a stylish bathroom with a walk-in tiled shower and modern vanity. These updates make the home move-in ready with no immediate renovations required. While some elements like the white kitchen appliances and a few light fixtures are not top-tier modern, the overall condition of the key areas (kitchen and bathroom) and general interior upkeep is good, aligning with a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Approved Triplex Development Plans: The property includes pre-approved plans to expand into a 2,714 sq ft triplex, offering significant value-add and income-generating potential for investors or owner-occupants.
Generous Lot Size: A spacious 6,653 sq ft lot provides ample room for the approved expansion, outdoor amenities, and future flexibility.
Strategic Location: Situated just off Firestone Boulevard, the property offers convenient access to shopping, dining, and major freeways, enhancing its appeal.
Updated Interior Features: The existing home provides immediate comfort with modern upgrades, including updated flooring, a renovated kitchen with granite countertops, and a stylish walk-in tiled shower.
Ample Parking & Detached Garage: A long driveway and detached garage offer practical benefits for parking and potential for future utility.

Cons

High Listing Price Relative to Current State: The listing price of $699,999 is significantly higher than the estimated value for the existing single-family home, indicating a premium for the development potential which requires substantial additional investment.
Limited Current Living Space: The existing 888 sq ft, 2-bedroom, 1-bathroom layout is relatively small, which may not meet the immediate needs of buyers seeking a larger primary residence without undertaking the expansion.
Age of Original Structure: Built in 1940, the original structure is over 80 years old, which could entail unforeseen maintenance or renovation costs beyond the planned triplex development.

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