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Sold for $870,000
  • $870,000

    8181 Commercial Pl, South Gate, CA 90280

    7beds
    7baths
    2,948sqft
    Multi Family
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $295/sqft
    $5,672 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $5,672/mo

    Zestimate® history
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    What's special

    BACK ON THE MARKET! Excellent 7-unit apartment investment opportunity in the high-demand South Gate rental market. Priced at just $157,143 per unit, the property features 100% single-story construction and an attractive unit mix consisting entirely of 1-bedroom/1-bath units. Current rents offer approximately 46% upside, providing investors with significant potential to increase income over time. Additional property features include ample on-site parking with 10 parking spaces and capacity for up to 11-12 vehicles, per Seller, along with additional on-site storage. The property is situated on an approximately 8,998 SF lot and is subject to AB 1482 with no local rent control. An attractive value-add opportunity at a low cost per unit in a strong infill rental market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nick Petrosian DRE # 01462598 949-607-7096,

    Remax Commercial and Investment Realty 213-817-1000

    Bought with:

    Nick Petrosian, DRE # 01462598

    Remax Commercial and Investment Realty

    Source: CLAW,MLS#: 26875519MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    Heating
    • Wall
    Cooling
    • None
    Interior area
    • Total structure area: 2,948
    • Total interior livable area: 2,948 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Parking Space
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 8,999 Square Feet
    Details
    • Additional structures: Other
    • Parcel number: 6211024016
    • Zoning: SGR4YY
    • Special conditions: Standard
    • Other equipment: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1923

    Community & HOA

    Location
    • Region: South Gate

    Financial & listing details

    • Price per square foot: $295/sqft
    • Tax assessed value: $1,070,000
    • Date on market: 8/21/2026

    Price history

    DateEventPrice
    9/22/2026Sold$870,000-20.9%$295/sqft
    Source: CLAW #26875519 Report a problem
    9/12/2026Pending sale$1,100,000$373/sqft
    Source: CLAW #26875519 Report a problem
    9/2/2026Listed for sale$1,100,000$373/sqft
    Source: CLAW #26875519 Report a problem
    8/23/2026Contingent$1,100,000$373/sqft
    Source: CLAW #26875519 Report a problem
    8/21/2026Listed for sale$1,100,000$373/sqft
    Source: CLAW #26875519 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $1,091,400 +2%
    2025$14,784 +36.9%$1,070,000 +43.8%
    2024$10,802 +1.7%$744,086 +2%
    2023$10,626 +4.6%$729,524 +2%
    2022$10,159 +1.2%$715,248 +2%
    2021$10,038 -0.7%$701,252 +1%
    2020$10,109 $694,077 +2%
    2019$10,109 +6.4%$680,496 +2%
    2018$9,503 $667,181 +2.2%
    2017$9,503 +2.5%$652,727 +2%
    2016$9,268 +2.5%$639,929 +1.5%
    2015$9,043 +1.4%$630,318 +2%
    2014$8,920 $617,972 +2.5%
    2012-- $603,120 +2%
    2011-- $591,295 +2.5%
    2008-- $576,737 +4%
    2006-- $554,343
    2005-- $554,343 +70%
    2003-- $326,000 +21.2%
    2002-- $269,000 +7.6%
    2000-- $250,000
    Find assessor info on the county website

    Neighborhood: 90280

    Nearby schools

    GreatSchools rating
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