
South Gate, California 90280
This Triplex Residential Income property is a Strong Value Opportunity, listed at $1,050,000—positioned well above the $977,703 Fair Market Value by 7%. While the price reflects a premium, the 8,223 sqft lot and versatile unit mix—featuring a 2-bed/1-bath house and two 1-bed/1-bath units—provide significant long-term rental potential. With a Condition Rating of 4, the vintage 1956 infrastructure invites modernization to maximize yields. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in South Gate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5237 Duncan Subject | $1,050,000* List Price | 0 | 0 | 1,863 | $513 | - |
A 10551 Karmont Sold | $800,000 | 2 | 2 | 1,650 | $485 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1956 (68 years old) and the listing lacks mention of recent renovations to kitchens, bathrooms, or major systems. While the exterior appears well-maintained with updated pavers and intact roofing, the age and 'Residential Income' status suggest the interior and systems are likely dated and require modernization to meet current market standards.
The property features a detached 2-bedroom front house and two 1-bedroom rear units, providing an ideal configuration for an owner-occupant or an investor seeking diversified rental income.
Each of the three units includes its own garage, a highly sought-after amenity in South Gate that significantly enhances tenant retention and property value.
The 8,223 sqft lot is notably large for a triplex, offering potential for future ADU development or the creation of premium outdoor living spaces for residents.
The $1.05M list price reflects a substantial jump from the 2020 sale price of $670K, which may challenge the initial cap rate and ROI for yield-focused investors.
Built in 1956, the property may require capital expenditures for modernizing systems or cosmetic updates to justify top-of-market rents.
The property boasts a nice unit mix of a 2 bed/1 bath house in the front, plus two 1 bed/1 bath units in the rear. Each unit has a garage.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.9 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.5 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,863 | 1,729.833 |
| Lot Size | 8,223 | 6,055.5 |
| Price | $1.05M | $946.9K |
| Price per sq ft | $564 | $464 |
| Built year | 1956 | 1940 |
| HOA | $0 | $0 |
| Days on market | 52 | 80 |
Jul 19, 2026
$1,050,000
Initial Listing
Feb 6, 2020
$670,000
Public Record
Feb 4, 2005
$515,000
Public Record