2927 Missouri Avenue, South Gate, California 90280, South Gate, 90280 - 4 bed, 2 bath
ACTIVE$875,000
2927 Missouri Avenue, South Gate, California 90280
4Beds
2Baths
1,356Sqft
5,412Lot
Price Vs. Estimate
The estimated value ($591,624.78) is $283,375.22 (32%) lower than the list price ($875,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating ADU: The property includes an Accessory Dwelling Unit (ADU) with a separate meter, offering significant income potential or flexible multi-generational living arrangements.
Top Cons:
Significant Overpricing: The current list price of $875,000 is substantially higher than the estimated property value of $591,624.78 and recent comparable sales, indicating a potential overvaluation.
Compared to the nearby listings
Price:$875.0K vs avg $710.0K (+$165,000)97%
Size:1,356 sqft vs avg 1,224.5 sqft63%
Price/sqft:$645 vs avg $54868%
More Insights
Built in 1936 (89 years old).
Condition: Built in 1936, this property benefits from significant recent upgrades including a new roof and new plumbing, addressing major system components. The addition of an ADU with a separate meter also suggests recent construction or substantial renovation for that unit, enhancing the property's overall condition and functionality. While interior details for the main house's kitchen and bathroom are not provided, these major updates indicate the property is move-in ready with no immediate renovation required for critical systems, aligning with a 'Good' condition score.
Year Built
1936
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$645
HOA
-
Days on market
-
Sold On
-
MLS number
RS25113117
Home ConditionGood
Features
View-
About this home
SINGLE FAMILIY HOME WITH 3 BEDROOMS ONE BATH PLUS AN ADU WITH SEPARATE METER, NEW ROOF, NEW PLUMBING PERFECT FOR A BIG FAMILY OR LIVE IN ONE AND RENT THE OTHER ONE. CLOSE TO SHOPPING, RESTAURANT, AND TRANSPORTATION.
Nearby schools
4/10
Stanford Avenue Elementary School
Public,•K-5•0.2mi
6/10
Montara Avenue Elementary School
Public,•K-6•0.3mi
5/10
Madison Elementary School
Public,•K-5•0.3mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.5mi
7/10
Willow Elementary
Public,•K-5•0.5mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•0.9mi
5/10
Independence Elementary School
Public,•K-5•1.0mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•1.1mi
4/10
San Miguel Elementary School
Public,•K-5•1.1mi
4/10
State Street Elementary School
Public,•K-5•1.2mi
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•1.5mi
5/10
Tweedy Elementary School
Public,•K-5•2.1mi
4/10
Lugo Elementary School
Public,•K-6•2.3mi
2/10
Southeast Middle School
Public,•6-8•0.4mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.2mi
5/10
South Gate Middle School
Public,•6-8•1.3mi
2/10
Hosler Middle School
Public,•7-8•1.7mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.8mi
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•1.9mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.4mi
Price History
Date
Event
Price
12/12/17
Sold
$400,000
Condition Rating
Good
Built in 1936, this property benefits from significant recent upgrades including a new roof and new plumbing, addressing major system components. The addition of an ADU with a separate meter also suggests recent construction or substantial renovation for that unit, enhancing the property's overall condition and functionality. While interior details for the main house's kitchen and bathroom are not provided, these major updates indicate the property is move-in ready with no immediate renovation required for critical systems, aligning with a 'Good' condition score.
Pros & Cons
Pros
Income-Generating ADU: The property includes an Accessory Dwelling Unit (ADU) with a separate meter, offering significant income potential or flexible multi-generational living arrangements.
Recent Major System Upgrades: Key components like the roof and plumbing have been recently replaced, reducing immediate maintenance concerns and costs for a new owner.
Versatile Living Configuration: The main house plus ADU setup is ideal for large families or for an owner to live in one unit and rent out the other, providing financial flexibility.
Convenient Location: The property is strategically located close to shopping, restaurants, and transportation, enhancing daily convenience and potential rental appeal.
Access to Quality Schools: Proximity to several well-rated elementary schools (e.g., Willow Elementary, Victoria Avenue Elementary) and South Gate Senior High School is a strong draw for families.
Cons
Significant Overpricing: The current list price of $875,000 is substantially higher than the estimated property value of $591,624.78 and recent comparable sales, indicating a potential overvaluation.
Age of Main Structure: Built in 1936, the primary residence is an older property, which may raise concerns about other original systems or structural components not explicitly mentioned as upgraded.
Limited Bathrooms in Main House: The main house features 3 bedrooms but only 1 bathroom, which could be a functional limitation or inconvenience for a larger family.