2638 Iowa, South Gate, California 90280, South Gate, 90280 - 0 bed, 0 bath
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South Gate, California 90280
This duplex presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned well above the $811,424 Fair Market Value by -10%. While the property requires capital expenditure due to its Fair Condition Rating and 1924 vintage infrastructure, the Dual-Unit Income Potential and Gated Access provide a solid foundation for value-add strategies. Located near South East High School and local transit, this asset is well-suited for Buy-and-Hold Investors or Contractors seeking to modernize a multi-family property in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2638 Iowa Subject | $900,000* List Price | 0 | 0 | 1,618 | $501 | - |
A 8148 Madison Ave Sold | $840,000 | 3 | 2 | 1,623 | $518 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1924 (100 years old) and the listing lacks any mention of recent renovations to kitchens, bathrooms, or critical systems like HVAC and electric. Given the age and visible deferred maintenance on the exterior fencing, the structure likely requires a full rehab to address outdated systems and safety standards.
As a duplex featuring a 3-bedroom front unit and a 2-bedroom rear unit, this property offers excellent flexibility for rental income, house-hacking, or multi-generational living.
The property is ideally located near major transportation routes, shopping centers, and several schools within walking distance, including Stanford Avenue Elementary just 0.15 miles away.
The inclusion of a two-car garage and a gated driveway provides highly desirable security and ample off-street parking, which is a significant value-add in this residential area.
Originally built in 1924, the property may require substantial capital expenditure for modernizing aging systems such as electrical, plumbing, and roofing to ensure long-term viability.
With only one bathroom serving a 3-bedroom unit and another for the 2-bedroom unit, the layout may be less competitive compared to modern rentals that typically offer more bathrooms for larger families.
CITY OF SOUTH GATE, FRONT UNIT : 3 BEDROOMS 1 BATH, 2ND UNIT: 2 BEDROOM 1 BATH, 2 CAR GARAGE, DRIVEWAY, GATED, CLOSE TO TRANSPORTATION, SHOPPING CENTERS, ETC.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.5 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,618 | 1,623 |
| Lot Size | 5,133 | 6,001 |
| Price | $900.0K | $891.5K |
| Price per sq ft | $556 | $80.1K |
| Built year | 1924 | 1927 |
| HOA | $0 | $0 |
| Days on market | 23 | 74 |
Jun 29, 2026
$900,000
Initial Listing
Mar 18, 1999
$220,000
Public Record
Jan 25, 1999
$124,000
Public Record