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10240 Atlantic Avenue, South Gate, California 90280, South Gate, 90280 - 3 bed, 4 bath

10240 Atlantic Avenue, South Gate, California 90280 home-pic-0
ACTIVE$1,199,888
10240 Atlantic Avenue, South Gate, California 90280
3Beds
4Baths
2,240Sqft
3,890Lot
Year Built
1953
Close
-
List price
$1.2M
Original List price
$1.35M
Price/Sqft
$536
HOA
-
Days on market
-
Sold On
-
MLS number
CV25103765
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(85th), sqft - 2240(62th), beds - 3(77th), baths - 4(92th).

RARE TRIPLEX FOR SALE! Don’t miss this unique investment opportunity! Perfectly positioned between high-visibility Atlantic Ave and the quiet charm of Wright Road, this well-maintained mixed-use triplex offers the ideal blend of commercial exposure and residential privacy. With three separately addressed units, individual entrances, and separate utility metering, this property is a smart choice for investors, business owners, or those seeking a live/work lifestyle. The spacious commercial unit fronts Atlantic Ave and is ideal for retail, office, or service businesses. It features prominent street frontage for maximum exposure, dedicated carport/box truck parking, and a newer AC unit. On the residential side, both ADUs face Wright Road, a quiet suburban street: The 2-bed, 2-bath ADU is stylishly updated with dual-pane windows, interior shutters, tankless water heater, newer AC, stainless steel appliances, and a remodeled kitchen. The 1-bed, 1-bath ADU offers an efficient layout with in-unit laundry hookups, dual-pane windows, tankless water heater, updated AC, and access to a shared community courtyard. Each unit has its own mailing address, separately metered utilities, as well as ample private and off-street parking. This versatile property combines strong income potential, a flexible layout, and a location that supports both business visibility and residential appeal. Move-in and business-ready—opportunities like this don’t last!

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
Good
Despite being built in 1953, the property has undergone significant and recent renovations, particularly in the 2-bed, 2-bath ADU, which features a modern remodeled kitchen with stainless steel appliances, white shaker cabinets, and subway tile backsplash, along with updated bathrooms. The description notes 'newer AC' units and 'dual-pane windows' across the units, indicating major system updates. While one residential unit's bathroom appears slightly older, the property is explicitly described as 'well-maintained' and 'move-in and business-ready,' aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Diverse Income Stream: As a mixed-use triplex with a commercial unit and two residential ADUs, the property offers diversified income potential and reduced vacancy risk.
Strategic Dual-Frontage Location: Positioned between a high-visibility commercial avenue (Atlantic Ave) and a quiet residential street (Wright Road), providing both business exposure and residential appeal.
Independent Unit Management: Each of the three units features separate addresses, individual entrances, and independently metered utilities, simplifying tenant management and operational costs.
Recent Capital Improvements: Key updates across units, including newer AC units, dual-pane windows, tankless water heaters, and a remodeled kitchen in one ADU, reduce immediate capital expenditure for a buyer.
Flexible Live/Work & Investment Opportunity: The property's versatile layout caters to investors, business owners, or those seeking a live/work arrangement, broadening its market appeal.

Cons

Age of Structure: Built in 1953, the underlying structure is older, which may lead to potential long-term maintenance concerns or require further system upgrades beyond those already completed.
Limited Lot Size: The 3,890 sqft lot size is relatively compact for a triplex with commercial space and parking, potentially limiting future expansion or outdoor amenity development.
Recent Price Reduction: A notable reduction from the original list price of $1.35M to $1.199888M could suggest initial overpricing or market resistance, warranting further due diligence on market comparables.

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