2500 Illinois Avenue, South Gate, California 90280, South Gate, 90280 - 5 bed, 3 bath
2500 Illinois Avenue
South Gate, California 90280
Property Price
SUMMARY
Analysis of 2500 Illinois Avenue, South Gate, California 90280 reveals a Fairly Priced Property with a current list price of $849,000 aligned with the estimated $849,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the South Gate Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2500 Illinois Avenue Subject | $849,000* List Price | 5 | 3 | 2,165 | $392 | - |
A 8669 Cypress Avenue Sold | $780,000 | 5 | 3 | 1,883 | $414 | 0.7 mi |
B 2703 Missouri Active | $765,000 List Price | 5 | 4 | 2,107 | $363 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1940, this property is aged and requires significant cosmetic updates, as noted in the description. The bathrooms feature outdated tile work, vanities, and shower enclosures (e.g., gold/brass frames), suggesting renovations from 20-30+ years ago. Interior rooms show dark, possibly worn, carpeting and basic light fixtures, indicating a dated aesthetic. While functional and livable, the home's systems are likely older, and a buyer would need to budget for substantial aesthetic renovations to bring it to modern standards, aligning with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Layout
With 5 super-spacious bedrooms and 3 bathrooms, this home is exceptionally well-suited for large families, offering ample room and comfort.
- ADU Potential
The two-car garage presents an ideal opportunity for conversion into an Accessory Dwelling Unit (ADU), significantly enhancing property value and potential rental income.
- Mature Fruit Trees
The presence of mature fruit trees (avocado, lemon, custard apple, apple, mispero) in both front and back yards offers a unique and desirable natural amenity.
CONSRISKS & DEFICIENCIES
- Cosmetic Updates Needed
The property explicitly 'needs some cosmetic touches in some areas,' indicating that buyers should budget for immediate aesthetic improvements.
- Older Systems
Built in 1940, the home likely features original or older systems (e.g., electrical, plumbing, HVAC) that may require inspection, maintenance, or eventual replacement, representing potential future costs.
- Dated Interior
The description does not mention any recent major renovations or modern amenities, suggesting the interior finishes and features may be dated and not align with contemporary buyer preferences.
About 2500 Illinois Avenue
Fantastic opportunity!!! You won't find a property of this size in this area of South Gate. With 5 super-spacious bedrooms and 3 bathrooms, this house is ideal for a large family. The house needs some cosmetic touches in some areas but with this build size, the house has a lot of potential. The two-car garage is ideal for an ADU construction project. In the front and back yard you will find fruit trees such as avocado, lemon, custard apple, apple and mispero. This huge house is located in the best area of South Gate.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 5,355 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
South Gate Unified Schools
Stanford Avenue Elementary School
Grades K-5 • 0.4 mi
Willow Elementary
Grades K-5 • 0.4 mi
Montara Avenue Elementary School
Grades K-6 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 92% |
| Baths | 3.0 | 2.0 | 87% |
| Square foot | 2,165 | 1,169.5 | 94% |
| Lot Size | 5,355 | 5,544.5 | 42% |
| Price | $849.0K | $700.0K | 96% |
| Price per sq ft | $392 | $546 | 10% |
| Built year | 1940 | 1941 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 350 | 184 | 96% |
Pricing History
Listed for Sale
Mar 21, 2025
$849,000
Initial Listing