2913 Illinois, South Gate, California 90280, South Gate, 90280 - bed, bath
ACTIVE$818,000
2913 Illinois, South Gate, California 90280
0Bed
0Bath
1,584Sqft
5,379Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
ADU Development Potential: The lot offers a significant opportunity to build two Accessory Dwelling Units (ADUs), providing substantial upside for increased rental income and property value.
Top Cons:
Property Age: Built in 1948, the property is over 75 years old, which may lead to higher long-term maintenance costs and potential for outdated infrastructure not explicitly updated.
Compared to the nearby listings
Price:$818.0K vs avg $818.0K (+$0)50%
Size:1,584 sqft vs avg 1,584 sqft50%
Price/sqft:$516 vs avg $51362%
More Insights
Built in 1948 (77 years old).
Condition: The property was built in 1948, making it 76 years old. While the listing describes it as 'well-maintained' and notes some recent updates like a freshly painted Unit B with a new wall air conditioner and three individual tankless water heaters, there are no interior images to assess the condition of kitchens and bathrooms. Given the age, it's highly probable that these key areas, if not extensively renovated within the last 15-30 years, would be outdated in style and features, requiring minor updates. The exterior appears maintained with newer windows, but the lack of comprehensive interior renovation details for all units, especially kitchens and bathrooms, and the 'limited cooling system' (only one unit has new AC) suggest that while functional, the property likely requires minor updates to meet modern aesthetic and comfort standards across all units. This aligns with the 'Fair' category, indicating an aged but maintained property where major components are functional but show signs of being outdated.
Year Built
1948
Close
-
List price
$818K
Original List price
$818K
Price/Sqft
$516
HOA
-
Days on market
-
Sold On
-
MLS number
AR25277022
Home ConditionFair
Features
View-
About this home
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
The property was built in 1948, making it 76 years old. While the listing describes it as 'well-maintained' and notes some recent updates like a freshly painted Unit B with a new wall air conditioner and three individual tankless water heaters, there are no interior images to assess the condition of kitchens and bathrooms. Given the age, it's highly probable that these key areas, if not extensively renovated within the last 15-30 years, would be outdated in style and features, requiring minor updates. The exterior appears maintained with newer windows, but the lack of comprehensive interior renovation details for all units, especially kitchens and bathrooms, and the 'limited cooling system' (only one unit has new AC) suggest that while functional, the property likely requires minor updates to meet modern aesthetic and comfort standards across all units. This aligns with the 'Fair' category, indicating an aged but maintained property where major components are functional but show signs of being outdated.
Pros & Cons
Pros
ADU Development Potential: The lot offers a significant opportunity to build two Accessory Dwelling Units (ADUs), providing substantial upside for increased rental income and property value.
Stable Income-Producing Triplex: A well-maintained triplex in a desirable residential neighborhood, offering a reliable source of rental income and a solid investment foundation.
Tenant-Friendly Amenities: Each unit benefits from a private 1-car garage, individual tankless water heaters, and a fenced front yard, enhancing tenant appeal and reducing utility costs.
Desirable Residential Location: Situated in a picturesque, tree-lined neighborhood in South Gate with excellent proximity to highly-rated elementary schools, appealing to long-term tenants.
Recent Updates & Maintenance: Unit B features a new wall air conditioner and fresh paint, and the property is generally described as well-maintained, suggesting reduced immediate capital expenditures.
Cons
Property Age: Built in 1948, the property is over 75 years old, which may lead to higher long-term maintenance costs and potential for outdated infrastructure not explicitly updated.
Limited Cooling System: Only one of the three units is equipped with a new wall air conditioner, potentially making the other two units less attractive to tenants during warmer months.
Recent Price Appreciation: The current list price of $818,000 represents a notable increase from its last sale price of $750,000 in late 2023, which may require strong justification for potential buyers or impact appraisal.