
South Gate, California 90280
This property presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned well below the $774,349 Fair Market Value by 3%. This valuation gap offers $24,349 in Instant Equity. Featuring a permitted, separately metered 2-bedroom apartment on a 6,584 sqft corner lot, the asset offers significant Dual-Income Potential. With a Condition Rating of 5, the home requires a full restoration of its 1940s architectural character. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4076 Liberty Boulevard Subject | $750,000* List Price | 5 | 3 | 2,317 | $334 | - |
A 8976 Mcnerney A-b Active | $949,900 List Price | 6 | 4 | 2,648 | $359 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 with no evidence of recent renovations. The interior shows significant wear, including heavily damaged hardwood floors and extremely dated 1950s-style bathrooms. The listing description confirms the property needs to be 'restored to her former glory,' indicating a need for a full rehab of systems and finishes.
The property features a permitted, separately metered and addressed 2-bedroom upstairs apartment, offering immediate rental income or a perfect setup for multi-generational living.
This 1940s Spanish bungalow retains original charm with coffered ceilings, dramatic open beams, and classic built-in niches, providing a unique aesthetic that stands out in the market.
Situated on a spacious 6,584 sqft corner lot, the property benefits from enhanced curb appeal, increased natural light, and greater privacy for both the main home and the secondary unit.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
After decades as a rental, the property requires a visionary buyer to invest in substantial restoration and modernization to return the home to its full potential.
Given the 1940 construction date and long-term rental history, the home likely necessitates costly updates to major systems such as plumbing, electrical, and HVAC to meet modern standards.
Classic Spanish Bungalow with Permitted apartment. Discover this character-filled Spanish-style bungalow, offering the perfect blend of historic charm and modern financial flexibility on a prime corner lot. The main residence features a spacious 3-bedroom, 1.5-bathroom layout highlighting original architectural details like coffered ceilings, dramatic open beams, and classic built-in niches. Having served as a reliable rental for decades, this sunlit home is now ready for a visionary buyer to restore her to her former glory. Adding immense value to the property is a permitted upstairs apartment featuring 2 bedrooms and 1 bathroom. This secondary suite is completely independent, coming separately metered and separately addressed to ensure maximum privacy. Whether you want to live in the main home and use the apartment as a built-in mortgage helper, accommodate extended family, or rent out both units simultaneously for dual cash flow, the possibilities are endless. Properties with legal secondary units are rare, making this vintage gem an incredible opportunity to unlock immediate equity and income potential.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 2.5 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,317 | 1,729.833 |
| Lot Size | 6,584 | 6,055.5 |
| Price | $750.0K | $946.9K |
| Price per sq ft | $324 | $464 |
| Built year | 1940 | 1940 |
| HOA | $0 | $0 |
| Days on market | 22 | 80 |
Aug 18, 2026
$750,000
Initial Listing