2500 Illinois Avenue
South Gate, CA, 90280
$849,000
MLS: MB25062563
Beds
5
Baths
3
Sq Ft
2,165
Lot
0.12 ac
Year Built
1940
MLS #
MB25062563
Days on Market
376
Listed
Mar 21, 2025
Description
Fantastic opportunity!!! You won't find a property of this size in this area of South Gate. With 5 super-spacious bedrooms and 3 bathrooms, this house is ideal for a large family. The house needs some cosmetic touches in some areas but with this build size, the house has a lot of potential. The two-car garage is ideal for an ADU construction project. In the front and back yard you will find fruit trees such as avocado, lemon, custard apple, apple and mispero. This huge house is located in the best area of South Gate.
Location
South Gate, Los Angeles County, CA 90280
Open on Google Maps ↗Listed by: IVAN ANTHONY SOLIS · CENTRAL FINANCIAL AND REALTY
Payment estimate
$6,198
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $84,900 · Loan: $764,100
- Principal & Interest
- $4,695
- Property tax (1.25%)
- $884
- Homeowners insurance
- $300
- Mortgage insurance
- $318
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this South Gate home with as little as 3.5% down using an FHA loan — roughly $29,715 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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