5595 Gardendale Street, South Gate, California 90280, South Gate, 90280 - bed, bath

5595 Gardendale Street, South Gate, California 90280 home-pic-0
ACTIVE$995,000
5595 Gardendale Street, South Gate, California 90280
0Bed
0Bath
5,539Sqft
14,925Lot
Year Built
1949
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$180
HOA
-
Days on market
-
Sold On
-
MLS number
OC25020697
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $995.0K(54th), sqft - 5539(92th), beds - undefined(50th), baths - undefined(50th).

"Unlock substantial value with this development-ready property. Currently zoned NM, the site permits multifamily development, offering options for 3, 4, or up to 6 units, along with the potential to add a 1,000 sq ft Accessory Dwelling Unit (ADU). The existing vacant units require reconfiguration to realize this potential. A key asset is the 2,000 sq ft warehouse, providing flexible use or additional income. Furthermore, the front 3-bedroom unit can be expanded by 500 sq ft. The property features existing parking infrastructure, reducing development costs, and includes a laundry room and two storage rooms. Separate electric panels for the front and rear units are already in place. This property is priced below market for a swift sale and will be delivered vacant, ensuring immediate development access.". The front currently occupied unit can be delivered vacant. Pre Sale inspection report on file for review.

Price History

Date
Event
Price
07/17/13
Sold
$455,000
01/20/06
Sold
$425,000
Condition Rating
Fair

The property was built in 1949 and appears to need updates. The kitchen and bathrooms show their age, and while functional, they are not modern. The listing mentions the need for reconfiguration of the vacant units, suggesting that renovations are necessary to maximize the property's potential. The presence of separate electric panels is a plus, but overall, the condition suggests a need for updates to bring it to a more modern standard.
Pros & Cons

Pros

Development Potential: Zoned NM, allowing for multifamily development with options for 3-6 units and an ADU, maximizing investment returns.
Existing Infrastructure: Features existing parking and separate electric panels, reducing development costs and streamlining the building process.
Below Market Price: Priced below market for a quick sale, presenting an attractive opportunity for investors seeking immediate value.

Cons

Unit Reconfiguration Required: Existing vacant units require reconfiguration to realize the full development potential, adding to initial project costs.
Vacant Units Condition: The existing vacant units require work, which may involve additional investment for repairs or upgrades.

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