3062 Ardmore, South Gate, California 90280, South Gate, 90280 - 0 bed, 0 bath
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South Gate, California 90280
This Value-Add Triplex Investment is listed at $939,900, positioned relative to a $800,376 Fair Market Value in a high-demand submarket. Currently maintaining a Poor Condition Rating, this "AS-IS" asset features three spacious units that provide immediate rental income from existing tenants. The property offers significant upside through modernization and the restoration of non-functional laundry facilities. Located near Willow Elementary and South Gate Senior High, the site benefits from a Strong Rental Demand Area. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Specialists looking to capitalize on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3062 Ardmore Subject | $939,900* List Price | 0 | 0 | 3,304 | $242 | - |
A 10016 California Sold | $970,000 | 0 | 0 | 2,809 | $345 | 0.3 mi |
B 9411 Madison Avenue Active | $1,100,000 List Price | 0 | 0 | 3,641 | $302 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1964, this property shows significant signs of age and deferred maintenance. The kitchens and bathrooms are very dated with worn cabinets, older appliances, and fixtures, requiring substantial renovation. The listing explicitly states 'AS-IS' condition with 'no seller repairs or credits' and notes that the 'Washer and Laundry room exist but not functional,' indicating major components require repair or replacement. While tenant-occupied, the overall condition suggests extensive rehabilitation is needed to meet current quality standards and maximize potential.
This triplex offers a robust investment opportunity with three distinct units, providing diversified income streams and enhanced stability.
All units are currently tenant-occupied, ensuring immediate rental income for the new owner from day one.
Located in an area with strong rental demand, indicating consistent occupancy rates and potential for future rent growth.
The property is sold strictly 'AS-IS' with no seller repairs or credits, implying potential for significant deferred maintenance or required upgrades at the buyer's expense.
The property lacks gas service, with all utilities being electrical. This could lead to higher utility costs for tenants and may be less desirable for some.
The existing washer and laundry room are not functional, requiring immediate investment for repair or replacement to provide a key tenant amenity.
Charming 3-unit investment opportunity in South Gate — sold in AS-IS condition with tenants in place. Ideal for investors or owner-occupants seeking steady income and upside potential.Property highlights: Unit 1: 3 bed / 2 bath Unit 2: 2 bed / 1 bath Unit 3: 2 bed / 1 bath (very spacious units throughout) All units tenant-occupied — please respect tenant privacy; showings by appointment only. Sold AS-IS; no seller repairs or credits. Strong rental demand area; potential for increased cash flow with updates and turnover. Great location, close to Shopping centers, Parks, Schools, churches, etc... No Gas service at all, everything is Electrical and each tenant pays for their own utilities exept for water service. Washer and Laundry room exist but not functional.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,304 | 1,315.5 | 83% |
| Lot Size | 5,402 | 4,999.5 | 58% |
| Price | $939.9K | $670.0K | 67% |
| Price per sq ft | $284 | $472 | 8% |
| Built year | 1964 | 1941 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 225 | 17% |
Mar 5, 2026
$939,900
$950,000
-1% Price Drop
Initial Listing
Feb 4, 2026
$950,000
Initial Listing