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2913 Illinois Ave, South Gate, CA 90280

$895,000

2913 Illinois Avenue, South Gate, CA 90280

Active
Last Updated: 05/01/2025

4.64

Cap Rate

1,584 sqft

Building Size

Details:
Cap Rate:    4.64%
Building Size:    1,584 sqft
Lot Area:    5,379 acres
Units:    3
Year Built:    1949
Description:

Discover 2913 Illinois Ave, a charming triplex nestled in a picturesque, tree-lined residential neighborhood of South Gate, CA. Built in 1948, this well-maintained property exudes character and offers an excellent investment opportunity with stable rental income and room for upside potential.

The property features three spacious 1-bedroom, 1-bath units, each with its own private 1-car garage. Recent updates include a freshly painted Unit B with a brand-new wall air conditioner installed in 2024. Additional perks include three individual tankless water heaters, a fenced front yard, and extra storage space at the rear of the property.

For investors looking to maximize value, the lot presents an incredible opportunity to build two ADUs (buyer to verify), further enhancing rental income potential. Don’t miss this chance to own a solid income-producing property in a desirable residential neighborhood!

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