$1,725,000
8427 Otis Street, South Gate CA 90280
Multi-Family (7 Units)
Property type
15 days
On market
$316
Price per sqft
8 cars
Garage
1951
Year built
9,601 sqft
Lot size
Home highlights
Open Houses
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...
Listing provided by: Mark Paulson DRE #01245085, Berkshire Hathaway HomeService, Tami Eilts DRE #02006398, Berkshire Hathaway HomeService
Listing updated: May 21, 2026 at 09:23pm.
Last checked: Jun 3, 2026 at 03:30pm
Source: CRMLS #OC26110915
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,000 | $1,000 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,200 | $1,200 | $1,800 | Unfurnished |
| 2 | 2 | 1 | — | $1,385 | $2,770 | $1,800 | Unfurnished |
| 2 | 2 | 1 | — | $1,505 | $3,010 | $1,800 | Unfurnished |
| 1 | 2 | 1 | — | $1,600 | $1,600 | $1,800 | Unfurnished |
# of Buildings: 9
# of Units Total: 7
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 1
Rent Control: No
Total Actual Rent: $9,580
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
15.0x
List Price / Annual Gross Rent
Cap Rate
5%
NOI / List Price
Gross Scheduled Income: $114,960
Operating Expense: $26,900
Net Operating Income: $88,060
Annual Operating Expenses
Gardener: $3,600
Insurance: $8,563
Licenses: $50
Maintenance: $2,500
New Taxes: $18,057
Professional Management: $0
Supplies: $148
Trash: $7,516
Water / Sewer: $4,486
Interior
Interior Features: Tile Counters, All Bedrooms Down, Multiple Primary Suites
Room Type: Bedroom, Kitchen, Living Room, Primary Bedroom
Flooring: Laminate, Vinyl
Cooling: Wall Window Units
Heating: Wall Furnace
Fireplace: Bath, Electric, Gas, Kitchen, Living Room, Outside
Laundry: None
Accessibility: No Stairs, Parking, Accessible Doors, Accessible Entrance
Entry Location: 1
Exterior
Architectural Style: Traditional
Property Attached: No
Stories Total: 1
Levels: One
Roof: Asphalt
Foundation: Slab
Window Features: Double Pane Windows, Energy Star Qualified Windows, Screens
Construction Materials: Stucco
Exterior: Rain Gutters
Common Walls: No Common Walls
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Two To Five Units Acre
Pool: None
Spa: None
Fencing: Chain Link
Water Source: Public
Sewer: Public Sewer
Electric: Electricity On Property
Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
View: None
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Assigned, Garage, On Site, Private, One Space
Garage Spaces: 8
Uncovered Spaces: 5
Parking Total: 13
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 6215006014
Additional Parcels: Yes
Tax Lot: 19
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Park
Nearby Schools
Nearby schools around the 8427 Otis Street, South Gate, CA 90280. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,380,000
Total Interest
$1,760,114
Total Payment
$3,140,114
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,669
per month
Property History for 8427 Otis Street
South Gate Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90280.
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