2905 Kansas Avenue, South Gate, California 90280, South Gate, 90280 - bed, bath
ACTIVE$1,549,000
2905 Kansas Avenue, South Gate, California 90280
0Bed
0Bath
1Sqft
8,134Lot
Year Built
1955
Close
-
List price
$1.55M
Original List price
$1.6M
Price/Sqft
$1,549,000
HOA
-
Days on market
-
Sold On
-
MLS number
RS25080422
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.55M(92th), sqft - 1(15th), beds - undefined(50th), baths - undefined(50th).
!!!ATTENTION ALL BUYERS / INVESTORS!!! Don't miss out on this property in a prime location! This property offers an excellent investment opportunity with rental income . Nice community, just minutes from major freeways. Surrounded by schools, parks, shopping, and dining. This opportunity for income potential or multi-generational living.
Nearby schools
4/10
Stanford Avenue Elementary School
Public,•K-5•0.1mi
6/10
Montara Avenue Elementary School
Public,•K-6•0.3mi
5/10
Madison Elementary School
Public,•K-5•0.4mi
7/10
Willow Elementary
Public,•K-5•0.4mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.5mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•0.9mi
5/10
Independence Elementary School
Public,•K-5•0.9mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•1.1mi
4/10
State Street Elementary School
Public,•K-5•1.1mi
4/10
San Miguel Elementary School
Public,•K-5•1.1mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.4mi
3/10
Roosevelt Elementary School
Public,•K-6•1.5mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.6mi
5/10
Tweedy Elementary School
Public,•K-5•2.2mi
4/10
Lugo Elementary School
Public,•K-6•2.3mi
2/10
Southeast Middle School
Public,•6-8•0.4mi
5/10
South Gate Middle School
Public,•6-8•1.3mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.3mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.7mi
2/10
Hosler Middle School
Public,•7-8•1.7mi
6/10
South East High School
Public,•9-12•0.3mi
6/10
South Gate Senior High School
Public,•9-12•0.7mi
4/10
Lynwood High School
Public,•9-12•2.0mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.4mi
Price History
Date
Event
Price
12/12/23
Sold
$1,350,000
Condition Rating
Fair
Built in 1955, this quadruplex shows a mix of conditions. While some units feature newer-looking LVP flooring, several kitchens are significantly outdated with old cabinets, tiled countertops, and dated appliances. Carpets in other areas appear worn. The property requires minor updates and repairs, particularly in the kitchens and potentially bathrooms (no images provided), to bring it to a more modern standard, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as an excellent investment opportunity with rental income, appealing to both seasoned and new investors.
Quadruplex Configuration: As a quadruplex, the property offers multiple income streams or flexible multi-generational living arrangements, enhancing its versatility and market appeal.
Prime Location with Amenities: Situated in a 'prime location' with convenient access to major freeways, and surrounded by schools, parks, shopping, and dining, increasing desirability for tenants and residents.
Multi-Generational Living Capability: The property is highlighted as an ideal opportunity for multi-generational living, catering to a specific and growing demographic need.
Good School Proximity: Numerous schools are located nearby, including several with good ratings, making the property attractive for families with children.
Cons
Property Age: Built in 1955, the property is over 65 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and general wear, which may require significant capital expenditure for updates and renovations.
Significant Price Appreciation in Short Period: The current list price of $1,549,000 is a substantial increase from its last sale price of $1,350,000 in December 2023, which may prompt buyer scrutiny regarding the justification for the price jump and potential overvaluation.
Lack of Detailed Unit Information: The property description is high-level and lacks crucial specifics about the individual units, such as bedroom/bathroom counts per unit, current rental income, or interior conditions, which are vital for an investor's due diligence.