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10240 Atlantic Ave, South Gate, California 90280, South Gate, 90280 - bed, bath

10240 Atlantic Ave, South Gate, California 90280 home-pic-0
ACTIVE$1,120,000$2,240/sqft
10240 Atlantic Ave, South Gate, California 90280
0Bed
0Bath
2,240Sqft
3,890Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Flexible Mixed-Use Configuration: The property offers a versatile mixed-use setup, ideal for investors, business owners, or live-work buyers, allowing for diverse income streams and operational models.
Top Cons:
Property Age: Built in 1953, the property is over 70 years old, which may imply the need for significant capital expenditures for updates, repairs, or replacement of aging systems to meet modern standards.

Compared to the nearby listings

Price:$1.12M vs avg $1.11M (+$10,000)50%
Size:2,240 sqft vs avg 3,428.5 sqft50%
Price/sqft:$500 vs avg $36950%

More Insights

Built in 1953 (73 years old).
Condition: The property was built in 1953, making it over 70 years old. While it appears to have been maintained and has received some updates, these are not extensive enough to qualify as a recent full renovation. The kitchen features dated reddish-brown cabinets and basic countertops, though it does have newer stainless steel appliances (refrigerator, microwave, stacked washer/dryer) and recessed lighting. The bathroom is very basic with an older vanity and light fixture. Flooring consists of commercial-style tile and reddish laminate, which are functional but not modern or high-end. The overall impression is that the property is aged but functional, with cosmetic elements and some systems showing signs of being outdated, consistent with renovations that might have occurred 15-30 years ago or piecemeal budget updates.
Year Built
1953
Close
-
List price
$1.12M
Original List price
$1.12M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
DW25276091
Home ConditionFair
Features
View-

About this home

10240 Atlantic Ave, South Gate, CA 90280 presents a rare and versatile mixed-use opportunity ideal for investors, business owners, or live-work buyers. This property offers the best of both worlds: vacant delivery on key units and immediate income from an occupied unit. Property Highlights: • Street-Front Storefront – Delivered Vacant: Highly visible commercial storefront fronting busy Atlantic Avenue, delivered vacant at close of escrow. Ideal for retail, office, service business, or owner-operator looking to establish or expand a business with strong street exposure and signage potential. • Rear Residential Unit – 2 Bed / 1 Bath – Delivered Vacant: Spacious rear 2-bedroom, 1-bath unit also delivered vacant, perfect for owner occupancy, rental at market rates, or extended family living. Quietly positioned away from the main street for added privacy. • Additional 1 Bed / 1 Bath Unit – Income Producing: Well-maintained 1-bedroom, 1-bath unit currently rented for $1,800 per month, allowing buyers to start cash flowing immediately from day one. • Flexible Mixed-Use Configuration: Ideal for an owner-user who wants to run a business up front, live on site, and still generate rental income—or for investors seeking a property with upside through leasing vacant units at market rents. • Strong Location: Situated along Atlantic Avenue in South Gate with close proximity to schools, shopping, public transportation, and major commuter routes, supporting both residential demand and commercial foot traffic.

J
Jeovanny Gonzalez
Listing Agent

Nearby schools

5/10
Tweedy Elementary School
Public,•K-5•0.4mi
4/10
Lugo Elementary School
Public,•K-6•0.4mi
7/10
Bryson Avenue Elementary School
Public,•K-5•0.8mi
3/10
Roosevelt Elementary School
Public,•K-6•1.1mi
4/10
San Miguel Elementary School
Public,•K-5•1.2mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.3mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•1.7mi
7/10
Victoria Avenue Elementary School
Public,•K-5•1.8mi
5/10
Madison Elementary School
Public,•K-5•2.0mi
6/10
Montara Avenue Elementary School
Public,•K-6•2.2mi
5/10
Independence Elementary School
Public,•K-5•2.2mi
4/10
Stanford Avenue Elementary School
Public,•K-5•2.4mi
4/10
State Street Elementary School
Public,•K-5•2.5mi
7/10
Willow Elementary
Public,•K-5•2.6mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•2.8mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.3mi
5/10
South Gate Middle School
Public,•6-8•1.4mi
2/10
Hosler Middle School
Public,•7-8•1.6mi
2/10
Southeast Middle School
Public,•6-8•2.6mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•3.7mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•0.3mi
4/10
Lynwood High School
Public,•9-12•0.8mi
6/10
South Gate Senior High School
Public,•9-12•2.0mi
6/10
South East High School
Public,•9-12•2.5mi

Price History

Date
Event
Price
12/08/11
Sold
$700,000
Condition Rating
Fair
The property was built in 1953, making it over 70 years old. While it appears to have been maintained and has received some updates, these are not extensive enough to qualify as a recent full renovation. The kitchen features dated reddish-brown cabinets and basic countertops, though it does have newer stainless steel appliances (refrigerator, microwave, stacked washer/dryer) and recessed lighting. The bathroom is very basic with an older vanity and light fixture. Flooring consists of commercial-style tile and reddish laminate, which are functional but not modern or high-end. The overall impression is that the property is aged but functional, with cosmetic elements and some systems showing signs of being outdated, consistent with renovations that might have occurred 15-30 years ago or piecemeal budget updates.
Pros & Cons

Pros

Flexible Mixed-Use Configuration: The property offers a versatile mixed-use setup, ideal for investors, business owners, or live-work buyers, allowing for diverse income streams and operational models.
Immediate Income Stream: One 1-bedroom, 1-bath unit is currently rented for $1,800 per month, providing instant cash flow and reducing initial vacancy risk for the buyer.
Significant Vacancy for Value-Add: Both the street-front commercial storefront and the 2-bedroom, 1-bath residential unit are delivered vacant, offering immediate opportunities for the new owner to lease at market rates or occupy for personal use/business.
Prime Commercial Visibility: The street-front storefront benefits from high visibility and strong exposure on busy Atlantic Avenue, which is crucial for attracting customers and establishing a successful commercial venture.
Strategic Location & Accessibility: Situated on Atlantic Avenue in South Gate, the property boasts close proximity to schools, shopping, public transportation, and major commuter routes, enhancing both residential demand and commercial foot traffic.

Cons

Property Age: Built in 1953, the property is over 70 years old, which may imply the need for significant capital expenditures for updates, repairs, or replacement of aging systems to meet modern standards.
Limited Lot Size: With a lot size of 3890 sqft, the property may have limited space for expansion, additional parking, or outdoor amenities, which could be a constraint for certain commercial or residential uses.
Upfront Investment for Vacant Units: While offering upside, the vacant commercial storefront and residential unit will require immediate investment in tenant improvements, marketing, and leasing efforts to secure new occupants and realize their full income potential.
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