Skip To Content

8427 Otis Street

South Gate, CA 90280
  • $1,500,000
  • STATUS: Pending
  • ON SITE: 146 Days
  • ID#: OC26110915
Pending
UPDATED: 74 min ago
$1,500,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Listing Agent(s): Mark Paulson of Berkshire Hathaway HomeService (949-495-1800) and Tami Eilts of Berkshire Hathaway HomeService(949-768-1000)


Description

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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-15T00:29:23.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/176754809
Print Image

8427 Otis Street South Gate, CA 90280

  • Price: $1,500,000
  • Status: Pending
  • On Site: 146 Days
  • Updated: 74 min ago
  • ID#: OC26110915
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1951
Built
Neighborhood:
T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
County:
Los Angeles
Area:
T2 - Cudahy, SouthGate W of 710, HuntPk S of Flore
Property Description
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.
Exterior Features

Architectural Style Traditional Construction Materials Stucco Entry Level 1 Entry Location 1 Exterior Features Rain Gutters Fencing Chain Link Foundation Details Slab Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 7 Open Parking Spaces 5 Parking Features AssignedGarageOn SitePrivateOne Space Parking Total 13 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features No StairsParkingAccessible DoorsAccessible Entrance Common Walls No Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features BathElectricGasKitchenLiving RoomOutside Fireplace YN Yes Flooring LaminateVinyl Heating Wall Furnace Heating YN Yes Interior Features Tile CountersAll Bedrooms DownMultiple Primary Suites Window Features Double Pane WindowsENERGY STAR Qualified WindowsScreens

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Cap Rate 5 Common Interest None Community Features Park Contingency None Current Financing Conventional Disclosures Unincorporated Electric Electricity - On Property Garage YN Yes Gross Income 114960 Gross Scheduled Income 114960 Insurance Expense 8563 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 2500 Net Operating Income 88060 New Construction YN No New Taxes Expense 18057 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 26900 Possession Close Of Escrow Property Sub Type Mixed Use Rent Control YN No Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 148 Tenant Pays Cable TVElectricityGas Total Actual Rent 9580 Trash Expense 7516 Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedWater Connected Water Sewer Expense 4486 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-15T00:29:23.017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_434335768-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_434335768-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_434335768-2.jpg
Logo
eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Mark Paulson of Berkshire Hathaway HomeService (949-495-1800) and Tami Eilts of Berkshire Hathaway HomeService(949-768-1000)