9320 Long Beach Boulevard, South Gate, California 90280, South Gate, 90280 - bed, bath
ACTIVE$1,495,000
9320 Long Beach Boulevard, South Gate, California 90280
0Bed
0Bath
3,564Sqft
4,992Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Diversified Income Potential: The property is a prime mixed-use asset featuring three fully renovated residential units and a commercial restaurant space, offering multiple revenue streams.
Top Cons:
Commercial Vacancy Risk: The commercial restaurant space is currently vacant, which means a potential income gap until a new tenant is secured and operational.
Compared to the nearby listings
Price:$1.50M vs avg $1.30M (+$197,500)50%
Size:3,564 sqft vs avg 4,090.5 sqft50%
Price/sqft:$419 vs avg $32950%
More Insights
Built in 1937 (88 years old).
Condition: Despite being built in 1937, the property has undergone a comprehensive and recent renovation. The description explicitly states 'fully renovated residential units' with 'top-tier finishes' and 'central air conditioning and heating.' Images of the residential units confirm modern grey shaker cabinets, new white appliances, LVP flooring, and recessed lighting in the kitchens and living areas, all appearing virtually new. The commercial space also looks newly fitted out. This extensive renovation brings the property's condition to an 'excellent' standard, meeting current quality standards with no visible deferred maintenance.
Year Built
1937
Close
-
List price
$1.5M
Original List price
$1.9M
Price/Sqft
$419
HOA
-
Days on market
-
Sold On
-
MLS number
DW25048130
Home ConditionExcellent
Features
View-
About this home
Welcome to 9320 Long Beach Blvd, a prime mixed-use property located in the heart of South Gate, CA. This beautifully updated building offers a unique combination of residential and commercial spaces, providing endless potential for both living and business opportunities. The property features three fully renovated residential units: two 1-bedroom, 1-bath units, and one spacious 2-bedroom, 1-bath unit. Each of these homes is outfitted with top-tier finishes and equipped with central air conditioning and heating, ensuring year-round comfort and luxury. The commercial space is a standout, currently vacant large, soon to be thriving restaurant. The restaurant boasts a generous dining area, perfect for hosting guests, along with ample parking for customers and staff. Located on a high-traffic street, this property enjoys exceptional visibility, making it an ideal location for both residential tenants and commercial business alike. Whether you're looking for a solid investment or a property that offers both business and residential income potential, 9320 Long Beach Blvd is an opportunity you don’t want to miss.
Nearby schools
4/10
Stanford Avenue Elementary School
Public,•K-5•0.2mi
5/10
Madison Elementary School
Public,•K-5•0.4mi
7/10
Willow Elementary
Public,•K-5•0.4mi
6/10
Montara Avenue Elementary School
Public,•K-6•0.5mi
7/10
Victoria Avenue Elementary School
Public,•K-5•0.5mi
5/10
Independence Elementary School
Public,•K-5•0.8mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•0.8mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•0.9mi
4/10
State Street Elementary School
Public,•K-5•0.9mi
4/10
San Miguel Elementary School
Public,•K-5•1.1mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.4mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.5mi
3/10
Roosevelt Elementary School
Public,•K-6•1.5mi
5/10
Tweedy Elementary School
Public,•K-5•2.1mi
4/10
Lugo Elementary School
Public,•K-6•2.3mi
2/10
Southeast Middle School
Public,•6-8•0.6mi
5/10
South Gate Middle School
Public,•6-8•1.1mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.3mi
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•1.8mi
6/10
South East High School
Public,•9-12•0.5mi
6/10
South Gate Senior High School
Public,•9-12•0.5mi
4/10
Lynwood High School
Public,•9-12•2.0mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•2.3mi
Price History
Date
Event
Price
08/13/13
Sold
$340,000
Condition Rating
Excellent
Despite being built in 1937, the property has undergone a comprehensive and recent renovation. The description explicitly states 'fully renovated residential units' with 'top-tier finishes' and 'central air conditioning and heating.' Images of the residential units confirm modern grey shaker cabinets, new white appliances, LVP flooring, and recessed lighting in the kitchens and living areas, all appearing virtually new. The commercial space also looks newly fitted out. This extensive renovation brings the property's condition to an 'excellent' standard, meeting current quality standards with no visible deferred maintenance.
Pros & Cons
Pros
Diversified Income Potential: The property is a prime mixed-use asset featuring three fully renovated residential units and a commercial restaurant space, offering multiple revenue streams.
Renovated Residential Units: All three residential units are fully renovated with top-tier finishes and equipped with central air conditioning and heating, ensuring modern comfort and tenant appeal.
High-Visibility Commercial Location: Located on a high-traffic street, the property benefits from exceptional visibility, which is ideal for attracting customers to the commercial space.
Dedicated Commercial Amenities: The commercial restaurant space boasts a generous dining area and ample parking, crucial features for a successful food and beverage establishment.
Strategic Investment Opportunity: This property offers significant potential for both immediate rental income from residential units and future business income from the commercial space, making it a solid investment.
Cons
Commercial Vacancy Risk: The commercial restaurant space is currently vacant, which means a potential income gap until a new tenant is secured and operational.
Building Age: Built in 1937, despite renovations, the property may still present underlying maintenance or infrastructure considerations typical of older constructions.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price ($1.9M to $1.495M), which might raise questions about its market appeal or previous valuation.