2921 Illinois Avenue, South Gate, California 90280, South Gate, 90280 - 3 bed, 2 bath
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2921 Illinois Avenue
South Gate, California 90280
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,356Sq Ft
5,371Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$569,790
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well below the $569,791 Fair Market Value by 3%. This valuation gap offers $20,791 in Instant Equity for buyers prepared to address the Condition Rating of 5. Featuring a spacious lot with ADU potential and proximity to top-rated schools like Willow Elementary, this asset requires a comprehensive structural rehab. It is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$569,790+$20,790 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in South Gate.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2921 Illinois Avenue Subject | $549,000* List Price | 3 | 2 | 1,356 | $420 | - |
A 2836 Missouri Sold | $650,000 | 3 | 1 | 1,346 | $483 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1928, this property is a significant fixer-upper with major safety and structural concerns. The kitchen is extremely dated with visible ceiling stains, and interior photos reveal a collapsed ceiling with hanging insulation, indicating a need for a complete structural rehab and system overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- Spanish Architectural Charm
Built in 1928, this Spanish-style residence offers timeless character and significant curb appeal, providing a unique foundation for a high-value custom renovation.
- ADU Potential
The property features a spacious, private backyard and a two-car detached garage, offering an excellent opportunity for an Accessory Dwelling Unit (ADU) conversion to increase total property value or rental income.
- Prime Proximity to Schools
Ideally situated for families, the home is located within immediate walking distance of several educational institutions, including Stanford Avenue Elementary just 0.1 miles away.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
Explicitly listed as a fixer requiring work, the property demands a buyer with substantial additional capital and expertise to address necessary repairs and modernization.
- Aging Infrastructure
Due to its 1928 construction and current condition, the home likely requires extensive updates to major systems such as electrical, plumbing, and roofing to meet modern building codes.
About 2921 Illinois Avenue
Great property for owner users or investor alike. This spanish charmer is centrally located and offers 3bd/2ba with lots of potential to convert it into the perfect home. Spacious and private backyard with a 2 car detached garage. Property is a fixer and requires work.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 5,371 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 • 0.1 mi
4/10
Willow Elementary
Grades K-5 • 0.3 mi
7/10
Madison Elementary School
Grades K-5 • 0.4 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 1.6 |
| Square foot | 1,356 | 1,379.524 |
| Lot Size | 5,371 | 5,603.619 |
| Price | $549.0K | $742.7K |
| Price per sq ft | $405 | $550 |
| Built year | 1928 | 1941 |
| HOA | $0 | $0 |
| Days on market | 23 | 79 |
Pricing History
Listed for Sale
Aug 17, 2026
$549,000
Initial Listing