8427 Otis Street, South Gate, CA 90280
Local realty services provided by:CENTURY 21 Century Real Estate
Listed by: mark paulson, tami eilts
Office: berkshire hathaway homeservice949-495-1800
MLS#:OC26110915
Source:CRMLS
Price summary
- Price:$1,500,000
- Price per sq. ft.:$274.42
About this home
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....
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Home facts
- Year built:1951
- Listing ID #:OC26110915
- Added:111 day(s) ago
- Updated:September 10, 2026 at 11:20 AM
Rooms and interior
- Flooring:Laminate, Vinyl
- Living area:5,466 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Asphalt
- Year built:1951
- Building area:5,466 sq. ft.
- Lot area:0.22 Acres
- Architectural Style:Traditional
- Construction Materials:Stucco
- Exterior Features:RainGutters
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,500,000
- Price per sq. ft.:$274.42
Features and amenities
- Amenities:All Bedrooms Down, Carbon Monoxide (CO2) Detector, Rain Gutters, Tile Counters
Parking
- Total parking spaces:13
- Parking description:Assigned, Garage, On Site, One Space, Private
- Garage:Yes
- Garage spaces:8
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