$ 1,725,000
-
$1,725,000
Price -
0
Bed -
0
Bath -
5,466
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing D176 - SPAULMAR,OCeilttam
This rare 7-unit apartment investment opportunity in South Gate offers investors a well-maintained income property with strong upside potential in one of Southern California’s consistently high-demand rental markets. Built in 1951, the property features approximately 5,466 square feet of rentable space situated on a spacious 19,229 square foot lot. Strategically positioned in a dense rental corridor with historically low vacancy rates, the property provides stable in-place income with the opportunity to increase rents over time and enhance long-term value. The attractive layout features all single-story detached units, creating a desirable living environment for tenants while minimizing shared walls and maximizing privacy. The versatile unit mix consists of: • Two (2) 1-Bedroom / 1-Bath detached units, each with an attached garage • Five (5) 2-Bedroom / 1-Bath detached units Additional improvements include two rear garage structures offering a total of (6) garages, along with open onsite parking for tenants. Tenants pay their own gas and electricity, helping reduce owner operating expenses. The property spans two separate lots, with one parcel containing four units and the second parcel containing three units and additional parking areas. A long private driveway enhances tenant privacy and provides convenient access throughout the property. With no local city rent control, strong tenant demand, and significant long-term upside potential, this is an exceptional opportunity for investors seeking dependable cash flow and future appreciation in a highly sought-after rental market.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
OC26110915
Year Built
1951
Total Square Footage
5,466
Lot/Acreage
0.22
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces: Bath,Electric,Gas,Kitchen,Living Room,Outside
- Floor: Laminate,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Tile Counters,All Bedrooms Down,Multiple Primary Suites
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: 8 car
- Parking Spaces: 13
- Roof: Asphalt
- Others: Rain Gutters,Stucco,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Garage,On Site,Private,One Space
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6215006014
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
8427 Otis St South Gate, CA 90280
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
