5595 Gardendale Street, South Gate, California 90280, South Gate, 90280 - bed, bath
ACTIVE$950,000
5595 Gardendale Street, South Gate, California 90280
0Bed
0Bath
5,539Sqft
14,925Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Development Potential: The property is zoned NM, permitting multifamily development for 3-6 units plus a 1,000 sq ft ADU, offering substantial future income and value creation.
Top Cons:
Extensive Reconfiguration Required: Realizing the multifamily potential necessitates significant reconfiguration of existing units, implying substantial capital investment and project management.
Compared to the nearby listings
Price:$950.0K vs avg $942.0K (+$8,000)54%
Size:5,539 sqft vs avg 1,614 sqft92%
Price/sqft:$172 vs avg $46515%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this property's residential units are in very poor condition, requiring substantial repairs and rehabilitation. The kitchen features extremely dated wooden cabinets, laminate countertops, and basic fixtures, indicating a complete renovation is needed. Bathrooms are similarly outdated with pedestal sinks and older tile. The overall aesthetic is utilitarian and shows no signs of recent major renovations. The listing description explicitly states 'existing vacant units require reconfiguration' and 'likely to require extensive upgrades to systems, structure, and aesthetics,' reinforcing the need for significant investment to meet modern standards. While the property offers development potential, the current residential structures are functionally obsolete and would be uncomfortable to live in without a full overhaul.
Year Built
1949
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$172
HOA
-
Days on market
-
Sold On
-
MLS number
OC25064136
Home ConditionPoor
Features
Patio
View-
About this home
"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
Poor
Built in 1949, this property's residential units are in very poor condition, requiring substantial repairs and rehabilitation. The kitchen features extremely dated wooden cabinets, laminate countertops, and basic fixtures, indicating a complete renovation is needed. Bathrooms are similarly outdated with pedestal sinks and older tile. The overall aesthetic is utilitarian and shows no signs of recent major renovations. The listing description explicitly states 'existing vacant units require reconfiguration' and 'likely to require extensive upgrades to systems, structure, and aesthetics,' reinforcing the need for significant investment to meet modern standards. While the property offers development potential, the current residential structures are functionally obsolete and would be uncomfortable to live in without a full overhaul.
Pros & Cons
Pros
Significant Development Potential: The property is zoned NM, permitting multifamily development for 3-6 units plus a 1,000 sq ft ADU, offering substantial future income and value creation.
Income-Generating Warehouse: A 2,000 sq ft warehouse is included, providing flexible use options or immediate additional rental income potential.
Expansion Opportunity: The front 3-bedroom unit can be expanded by 500 sq ft, increasing its size and potential rental value.
Existing Infrastructure & Cost Savings: Features existing parking, a laundry room, two storage rooms, and separate electric panels, which can reduce initial development and renovation costs.
Vacant Delivery & Attractive Pricing: The property will be delivered vacant, ensuring immediate development access, and is priced below market for a swift sale, presenting a strong investment opportunity.
Cons
Extensive Reconfiguration Required: Realizing the multifamily potential necessitates significant reconfiguration of existing units, implying substantial capital investment and project management.
Age of Property: Built in 1949, the property is likely to require extensive upgrades to systems, structure, and aesthetics to meet modern standards and tenant expectations.
Potential for Hidden Costs: The 'priced below market for a swift sale' combined with the availability of a 'Pre Sale inspection report' suggests the possibility of significant underlying issues or required repairs that could add to the overall development cost.