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2913 Illinois Avenue, South Gate, California 90280, South Gate, 90280 - bed, bath

2913 Illinois Avenue, South Gate, California 90280 home-pic-0
ACTIVE$845,000
2913 Illinois Avenue, South Gate, California 90280
0Bed
0Bath
1,584Sqft
5,379Lot
Year Built
1948
Close
-
List price
$845K
Original List price
$845K
Price/Sqft
$533
HOA
-
Days on market
-
Sold On
-
MLS number
AR25148419
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $845.0K(50th), sqft - 1584(50th), beds - undefined(50th), baths - undefined(50th).

Discover 2913 Illinois Ave, a charming triplex nestled in a picturesque, tree-lined residential neighborhood of South Gate, CA. Built in 1948, this well-maintained property exudes character and offers an excellent investment opportunity with stable rental income and room for upside potential. The property features three spacious 1-bedroom, 1-bath units, each with its own private 1-car garage. Recent updates include a freshly painted Unit B with a brand-new wall air conditioner installed in 2024. Additional perks include three individual tankless water heaters, a fenced front yard, and extra storage space at the rear of the property. For investors looking to maximize value, the lot presents an incredible opportunity to build two ADUs (buyer to verify), further enhancing rental income potential. Don’t miss this chance to own a solid income-producing property in a desirable residential neighborhood!

Nearby schools

4/10
Stanford Avenue Elementary School
Public,•K-5•0.1mi
7/10
Willow Elementary
Public,•K-5•0.3mi
5/10
Madison Elementary School
Public,•K-5•0.4mi
6/10
Montara Avenue Elementary School
Public,•K-6•0.4mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.5mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•0.8mi
5/10
Independence Elementary School
Public,•K-5•0.8mi
4/10
State Street Elementary School
Public,•K-5•1.0mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•1.0mi
4/10
San Miguel Elementary School
Public,•K-5•1.1mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.5mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.6mi
3/10
Roosevelt Elementary School
Public,•K-6•1.6mi
5/10
Tweedy Elementary School
Public,•K-5•2.2mi
4/10
Lugo Elementary School
Public,•K-6•2.4mi
2/10
Southeast Middle School
Public,•6-8•0.5mi
5/10
South Gate Middle School
Public,•6-8•1.2mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.4mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.6mi
2/10
Hosler Middle School
Public,•7-8•1.8mi
6/10
South East High School
Public,•9-12•0.4mi
6/10
South Gate Senior High School
Public,•9-12•0.6mi
4/10
Lynwood High School
Public,•9-12•2.1mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.4mi

Price History

Date
Event
Price
12/11/23
Sold
$750,000
12/11/15
Sold
$430,000
Condition Rating
Fair
Built in 1948, this property is aged but described as 'well-maintained' with some recent minor updates like fresh paint and a new wall AC in one unit, and individual tankless water heaters. The exterior images show an older building in decent condition, but the lack of interior photos, especially for kitchens and bathrooms, strongly suggests these areas are significantly outdated and would require substantial renovation to meet current standards. While functional and income-producing, the property's age and likely dated interiors place it in the 'Fair' category, requiring minor updates or repairs to modernize.
Pros & Cons

Pros

Strong Investment Potential: As a triplex, it offers stable rental income with significant upside potential through the addition of two Accessory Dwelling Units (ADUs).
Individual Unit Amenities: Each of the three units includes a private 1-car garage and individual tankless water heaters, enhancing tenant appeal and operational efficiency.
Desirable Neighborhood: Located in a charming, picturesque, tree-lined residential neighborhood in South Gate, contributing to tenant retention and property value.
Recent Unit Upgrades: Unit B has been freshly painted and equipped with a new wall air conditioner in 2024, demonstrating proactive property maintenance.
Additional Property Features: The property benefits from a fenced front yard and extra storage space at the rear, providing added convenience and value for residents.

Cons

Property Age: Built in 1948, the property is 76 years old, which may necessitate future investments in updating aging infrastructure or systems.
Limited Unit Configuration: All units are 1-bedroom, 1-bath, which restricts the tenant demographic to singles or couples and may limit rental income potential compared to properties with larger units.
ADU Development Complexity: While offering potential, the construction of two ADUs requires significant capital investment, permitting processes, and buyer verification, adding complexity and time before realizing increased income.

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