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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$1,099,888
10240 Atlantic Avenue, South Gate, California 90280
3Beds
4Baths
2,240Sqft
3,890Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Mixed-Use Triplex Configuration: This rare triplex offers a unique blend of commercial and residential units, providing diverse income streams and flexibility for investors or owner-users seeking a live/work lifestyle.
Top Cons:
Property Age (1953 Build): Despite recent updates, the core structure is over 70 years old, which may lead to higher long-term maintenance costs or require future capital expenditures for unmentioned systems.

Compared to the nearby listings

Price:$1.10M vs avg $942.0K (+$157,888)77%
Size:2,240 sqft vs avg 1,614 sqft62%
Price/sqft:$491 vs avg $49150%

More Insights

Built in 1953 (72 years old).
Condition: The property, built in 1953, has undergone significant renovations, particularly in the 2-bed, 2-bath ADU which features a remodeled kitchen with stainless steel appliances, modern recessed lighting, updated flooring, dual-pane windows, and newer AC/tankless water heater. The 1-bed, 1-bath ADU also has updated AC, dual-pane windows, and a tankless water heater, though its kitchen appears older with white cabinets and appliances. While the core structure is older, the residential units are move-in ready with many modern amenities and recent updates, aligning with the 'good' criteria of being extensively renovated within 5-15 years and having well-maintained systems with minimal wear and tear.
Year Built
1953
Close
-
List price
$1.1M
Original List price
$1.2M
Price/Sqft
$491
HOA
-
Days on market
-
Sold On
-
MLS number
CV25163578
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

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
The property, built in 1953, has undergone significant renovations, particularly in the 2-bed, 2-bath ADU which features a remodeled kitchen with stainless steel appliances, modern recessed lighting, updated flooring, dual-pane windows, and newer AC/tankless water heater. The 1-bed, 1-bath ADU also has updated AC, dual-pane windows, and a tankless water heater, though its kitchen appears older with white cabinets and appliances. While the core structure is older, the residential units are move-in ready with many modern amenities and recent updates, aligning with the 'good' criteria of being extensively renovated within 5-15 years and having well-maintained systems with minimal wear and tear.
Pros & Cons

Pros

Mixed-Use Triplex Configuration: This rare triplex offers a unique blend of commercial and residential units, providing diverse income streams and flexibility for investors or owner-users seeking a live/work lifestyle.
Strategic Dual Frontage Location: Positioned between high-visibility Atlantic Ave for commercial exposure and the quiet charm of Wright Road for residential privacy, optimizing appeal for both business and living.
Separate Utilities & Entrances: Each of the three units has its own mailing address, individual entrance, and separately metered utilities, simplifying management and maximizing tenant independence.
Recent Updates & Modern Amenities: Key residential units feature stylish updates including dual-pane windows, tankless water heaters, newer/updated AC, and a remodeled kitchen in the 2-bed ADU, reducing immediate renovation needs.
Ample & Dedicated Parking: The property provides dedicated carport/box truck parking for the commercial unit and ample private and off-street parking for all units, a significant asset in an urban setting.

Cons

Property Age (1953 Build): Despite recent updates, the core structure is over 70 years old, which may lead to higher long-term maintenance costs or require future capital expenditures for unmentioned systems.
Compact Lot Size: The 3890 sqft lot is relatively small for a triplex with commercial space, potentially limiting outdoor living areas for residential tenants or future expansion opportunities.
Recent Price Reduction: The property has seen a significant price reduction from its original listing price, which could indicate a longer time on market, initial overpricing, or potential buyer concerns, possibly affecting perceived value.

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