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Listed by Mark Paulson, DRE #01245085 • Berkshire Hathaway HomeService
$ 1,500,000
Est. payment /mo
Contingent
8427 Otis ST South Gate, CA 90280
9,601 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CROC26110915
Style Traditional
Year Built 1951
Lot Size 9,601 Sqft
Source California Regional MLS
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
Location
State CA
County Los Angeles
Area T2 - Cudahy, Southgate W Of 710, Huntpk S Of Flore
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry None
Exterior
Parking Features Assigned Spaces, Private / Exclusive, Garage, Common Parking Area, Parking Area
Garage Spaces 13.0
Pool 31, None
View None
Roof Type 2
Building
Story One Story
Foundation Concrete Slab
Water District - Public
Architectural Style Traditional
Others
Tax ID 6215006014
Special Listing Condition Not Applicable , Accepting Backups
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