3034 Nebraska Avenue, South Gate, California 90280, South Gate, 90280 - 5 bed, 4 bath
ACTIVE$1,050,000
3034 Nebraska Avenue, South Gate, California 90280
5Beds
4Baths
2,124Sqft
5,279Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: The property is a quadruplex (1-bedroom, two 2-bedroom, and a single unit), offering significant rental income opportunities for investors or owner-occupants.
Top Cons:
Advanced Age of Property: Built in 1930, the property is likely to require substantial capital expenditures for system upgrades (plumbing, electrical) and general modernization to meet current tenant expectations and codes.
Compared to the nearby listings
Price:$1.05M vs avg $942.0K (+$108,000)62%
Size:2,124 sqft vs avg 1,614 sqft62%
Price/sqft:$494 vs avg $49450%
More Insights
Built in 1930 (95 years old).
Condition: Built in 1930, this property shows significant signs of age and a lack of modern updates. The kitchens and bathrooms, as seen in the images, feature very outdated cabinetry, appliances, fixtures, and tile work, suggesting they haven't been renovated in several decades. The property analysis explicitly states that 'substantial capital expenditures for system upgrades (plumbing, electrical) and general modernization' are likely required. While not appearing structurally unsound, the property's age and the condition of its key areas indicate a need for substantial repairs and rehabilitation to meet current living standards and safety codes, aligning with a 'poor' condition rating.
Year Built
1930
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$494
HOA
-
Days on market
-
Sold On
-
MLS number
RS25087711
Home ConditionPoor
Features
View-
About this home
Great Property for sale, whether you're looking to live in one unit and rent the others. Property consists of 1 bedroom one bath, and 2-2 bedrooms one bath each, and a single. there is parking space for up to 5 cars.
Nearby schools
6/10
Montara Avenue Elementary School
Public,•K-6•0.1mi
5/10
Madison Elementary School
Public,•K-5•0.2mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.4mi
4/10
Stanford Avenue Elementary School
Public,•K-5•0.4mi
7/10
Willow Elementary
Public,•K-5•0.7mi
4/10
San Miguel Elementary School
Public,•K-5•1.0mi
5/10
Independence Elementary School
Public,•K-5•1.1mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•1.1mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•1.1mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.2mi
4/10
State Street Elementary School
Public,•K-5•1.3mi
3/10
Roosevelt Elementary School
Public,•K-6•1.3mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.4mi
5/10
Tweedy Elementary School
Public,•K-5•2.0mi
4/10
Lugo Elementary School
Public,•K-6•2.1mi
2/10
Southeast Middle School
Public,•6-8•0.5mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.1mi
5/10
South Gate Middle School
Public,•6-8•1.2mi
2/10
Hosler Middle School
Public,•7-8•1.5mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•2.0mi
6/10
South East High School
Public,•9-12•0.3mi
6/10
South Gate Senior High School
Public,•9-12•0.8mi
4/10
Lynwood High School
Public,•9-12•1.8mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.2mi
Price History
Date
Event
Price
12/21/18
Sold
$562,500
03/25/10
Sold
$335,000
07/07/06
Sold
$634,000
04/25/05
Sold
$529,000
12/17/03
Sold
$365,000
Condition Rating
Poor
Built in 1930, this property shows significant signs of age and a lack of modern updates. The kitchens and bathrooms, as seen in the images, feature very outdated cabinetry, appliances, fixtures, and tile work, suggesting they haven't been renovated in several decades. The property analysis explicitly states that 'substantial capital expenditures for system upgrades (plumbing, electrical) and general modernization' are likely required. While not appearing structurally unsound, the property's age and the condition of its key areas indicate a need for substantial repairs and rehabilitation to meet current living standards and safety codes, aligning with a 'poor' condition rating.
Pros & Cons
Pros
Strong Income Potential: The property is a quadruplex (1-bedroom, two 2-bedroom, and a single unit), offering significant rental income opportunities for investors or owner-occupants.
Ample Parking: Dedicated parking space for up to 5 cars is a valuable amenity, especially in a dense urban environment like South Gate, enhancing tenant appeal.
Diverse Unit Mix: The variety of unit sizes (single, 1-bedroom, 2-bedroom) caters to a broader tenant pool, potentially leading to higher occupancy rates and stable rental income.
Established Location: Situated in South Gate, a well-located area within Los Angeles County, offering access to amenities and a consistent rental market.
Proximity to Schools: Several elementary schools, including highly-rated ones (e.g., Montara Avenue Elementary 0.11 miles away with a rating of 6), are within close proximity, making it attractive for families.
Cons
Advanced Age of Property: Built in 1930, the property is likely to require substantial capital expenditures for system upgrades (plumbing, electrical) and general modernization to meet current tenant expectations and codes.
Limited Property Information: The description lacks crucial details regarding the current condition of individual units, recent renovations, or existing rental income, creating uncertainty for potential buyers.
Potential for Significant Renovation Costs: Given its age and the absence of detailed updates, buyers should anticipate considerable investment in renovations to maximize rental value and property appeal.