This exceptional 20,637 square foot commercial and industrial land parcel is situated on a signalized corner lot at the three-way intersection of Atlantic Avenue, Chakemco Street, and Wright Road in South Gate, California. The property boasts approximately 135 feet of frontage on Atlantic Avenue and 138 feet on Chakemco Street, offering unparalleled visibility and accessibility. Currently improved with approximately 800 square feet of existing structures, the site is zoned SG-M2 and presents significant opportunities for a variety of commercial ventures. Its strategic location benefits from high traffic counts exceeding 30,000 vehicles daily at the nearby intersection of Tweedy Boulevard and Atlantic Avenue. The property enjoys convenient access to the 710 Freeway, placing it within easy reach of the Ports of Los Angeles and Long Beach, downtown Los Angeles, and Los Angeles International Airport. Furthermore, its proximity to the DAX7 Amazon Sortation Center and a proposed five-story mixed-use development enhances its long-term potential. The property's location near Legacy High School, Tweedy Elementary School, and South Gate Park provides a vibrant community backdrop. This prime location offers an unparalleled opportunity for owner-users, developers, or investors seeking a high-visibility site in a thriving commercial corridor. The APN is 6221-011-036.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$229,829
6.5%
$212,150
7%
$196,996
Comparable approach
Method
Valuation
Relative Method
$152,128
Geo Method
$152,128
Alternative Use
Use
Valuation
Residential
$263,066
Hospitality
$240,967
Educational
$200,482
Medical
$207,377
Retail
$311,861
Location Insight
City
South Gate
County
Los Angeles
State
California
Latitude
33.9405
Longitude
-118.181
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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