8440 Virginia, South Gate, California 90280, South Gate, 90280 - 3 bed, 2 bath
ACTIVE$775,000$1,290/sqft
Est. Value: $770,151
%
FairlyEstimate
8440 Virginia, South Gate, California 90280
3Beds
2Baths
1,290Sqft
6,435Lot
Price Vs. Estimate
The estimated value ($770,151.06) is $4,848.94 (0%) lower than the list price ($775,000). This property may be overpriced.
Key pros and cons
Top Pros:
Generous Lot Size: At 6,435 sqft, the property offers a substantial lot, providing ample outdoor space for landscaping, potential expansion, or recreational activities, which is a valuable asset in an urban setting.
Top Cons:
Advanced Age of Property: Built in 1927, the home is nearly a century old, implying a high likelihood of needing extensive updates to major systems (electrical, plumbing, HVAC) and structural components, which could lead to considerable renovation costs and potential unforeseen issues.
Compared to the nearby listings
Price:$775.0K vs avg $700.0K (+$75,000)88%
Size:1,290 sqft vs avg 1,197 sqft61%
Price/sqft:$601 vs avg $55256%
More Insights
Built in 1927 (99 years old).
Condition: Despite being built in 1927, the property appears to have undergone an extensive and recent renovation. The kitchen features modern white shaker cabinets, new countertops, and LVP flooring, indicating a virtually new installation. Both bathrooms are updated with modern vanities, new tiling, and fixtures. New LVP flooring extends throughout the living areas and bedrooms, complemented by fresh paint and recessed lighting. The exterior also shows signs of recent painting, and a visible AC unit suggests updated cooling. The significant price increase from the August 2023 sales further supports a comprehensive, recent renovation, bringing the property's visible components to an excellent, move-in ready standard.
Year Built
1927
Close
-
List price
$775K
Original List price
$800K
Price/Sqft
$601
HOA
-
Days on market
-
Sold On
-
MLS number
DW26005823
Home ConditionExcellent
Features
View-
About this home
Great property with lots of potential.
L
Laura Coronel
Listing Agent
Nearby schools
5/10
Independence Elementary School
Public,•K-5•0.2mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•0.4mi
4/10
State Street Elementary School
Public,•K-5•0.4mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.9mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•0.9mi
7/10
Willow Elementary
Public,•K-5•0.9mi
5/10
Madison Elementary School
Public,•K-5•1.0mi
4/10
Stanford Avenue Elementary School
Public,•K-5•1.0mi
4/10
San Miguel Elementary School
Public,•K-5•1.0mi
6/10
Montara Avenue Elementary School
Public,•K-6•1.2mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.2mi
3/10
Roosevelt Elementary School
Public,•K-6•1.7mi
5/10
Tweedy Elementary School
Public,•K-5•1.7mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.8mi
4/10
Lugo Elementary School
Public,•K-6•2.2mi
5/10
South Gate Middle School
Public,•6-8•0.6mi
2/10
Southeast Middle School
Public,•6-8•1.4mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.6mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.7mi
2/10
Hosler Middle School
Public,•7-8•2.2mi
6/10
South Gate Senior High School
Public,•9-12•0.4mi
6/10
South East High School
Public,•9-12•1.3mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.0mi
4/10
Lynwood High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
08/11/23
Sold
$560,000
08/07/23
Sold
$460,000
Condition Rating
Excellent
Despite being built in 1927, the property appears to have undergone an extensive and recent renovation. The kitchen features modern white shaker cabinets, new countertops, and LVP flooring, indicating a virtually new installation. Both bathrooms are updated with modern vanities, new tiling, and fixtures. New LVP flooring extends throughout the living areas and bedrooms, complemented by fresh paint and recessed lighting. The exterior also shows signs of recent painting, and a visible AC unit suggests updated cooling. The significant price increase from the August 2023 sales further supports a comprehensive, recent renovation, bringing the property's visible components to an excellent, move-in ready standard.
Pros & Cons
Pros
Generous Lot Size: At 6,435 sqft, the property offers a substantial lot, providing ample outdoor space for landscaping, potential expansion, or recreational activities, which is a valuable asset in an urban setting.
Family-Friendly Configuration: With 3 bedrooms and 2 bathrooms, the property presents a practical and desirable layout, offering sufficient living space suitable for families or those seeking extra room.
Proximity to Quality Schools: The property is located very close to several public schools, including highly-rated elementary schools (e.g., Independence Elementary 0.17 miles, rating 5; Willow Elementary 0.92 miles, rating 7) and a high school (South Gate Senior High School 0.35 miles, rating 6), making it highly attractive to families.
Recent Price Adjustment: A recent price reduction from $800,000 to $775,000 indicates seller motivation and positions the property more competitively, potentially attracting value-conscious buyers.
Renovation Potential: The property's 1927 build year and the description 'Great property with lots of potential' suggest significant opportunities for buyers to customize, renovate, and add substantial value, appealing to those seeking a project or a personalized home.
Cons
Advanced Age of Property: Built in 1927, the home is nearly a century old, implying a high likelihood of needing extensive updates to major systems (electrical, plumbing, HVAC) and structural components, which could lead to considerable renovation costs and potential unforeseen issues.
Lack of Desirable Views: The property explicitly states 'view: None,' which can be a significant drawback for buyers who prioritize scenic outlooks, potentially limiting its appeal compared to properties with attractive views.
Significant Price Discrepancy from Recent Sales: The current list price of $775,000 is considerably higher than the reported sales in August 2023 ($560,000 and $460,000). Without clear evidence of substantial improvements, this significant price jump may raise buyer skepticism regarding valuation and market competitiveness, potentially prolonging time on market.