$899,000
8480 Virginia, South Gate CA 90280
Multi-Family (Fourplex)
Property type
25 days
On market
$455
Price per sqft
4 cars
Garage
1949
Year built
4,794 sqft
Lot size
Home highlights
Open Houses
Overview
FIRST TIME ON THE MARKET IN OVER 40 YEARS! Rare South Gate 4-unit investment opportunity with significant upside potential. Pride of long-term ownership. This well-located multi-family property at 8480 Virginia Ave offers a compelling value-add opportunity for investors, owner-users, or buyers looking to reposition rents over time (buyer to verify local rent...
Listing provided by: Leah Ivy Chang DRE #02086695, Redpoint Realty
Listing updated: May 13, 2026 at 01:22pm.
Last checked: Jun 4, 2026 at 06:30am
Source: CRMLS #PW26102813
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 4 | 1 | 1 | 1 | $1,050 | $4,200 | $7,300 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Rent Control: No
Tenant Pays: Cable Tv, Electricity, Gas, Trash Collection, Telephone
Financial Snapshot
Gross Rent Multiplier
17.8x
List Price / Annual Gross Rent
Cap Rate
5%
NOI / List Price
Gross Scheduled Income: $50,400
Operating Expense: $0
Net Operating Income: $50,400
Annual Operating Expenses
Insurance: $2,500
Trash: $100
Water / Sewer: $200
Interior
Cooling: Central Air
Heating: Central, Forced Air
Laundry: Outside
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Garage and Parking
Parking: Driveway, Garage Faces Front, Garage
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 6215022001
Additional Parcels: No
Tax Lot: 448
Community
Senior Community: No
Community Features: Street Lights, Sidewalks
Nearby Schools
Nearby schools around the 8480 Virginia, South Gate, CA 90280. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$719,200
Total Interest
$917,300
Total Payment
$1,636,500
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,632
per month
Property History for 8480 Virginia
South Gate Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90280.
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