8427 Otis St - Apartments FOR SALE


South Gate, CA 90280
$1,725,000 USD
949-495-1800
8427 Otis St, South Gate, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/30
null | 5.1% Cap Rate

8427 Otis St
South Gate, CA 90280


HIGHLIGHTS

  • New windows installed recently
  • Some bathrooms and kitchens have been updated

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

7

PRICE/UNIT

$246,429

CAP RATE

5.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units in Southgate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,372 SF

ZONING

R4

APN/PARCEL ID

6215-006-014,6215-006-015

ASK ABOUT THIS PROPERTY

Mark PaulsonBHHS California PropertiesMore Info
949-495-1800

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Mark PaulsonBHHS California PropertiesMore Info
949-495-1800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.