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.
For sale
Listed by: Berkshire Hathaway HomeService • Mark Paulson • Contact: 714-305-0797
Price cut: $225K (7/13)
$1,500,000
8427 Otis St, South Gate, CA 90280
12beds
7baths
5,466sqft
Mixed Use
Built in 1951
-- sqft lot
$1,482,000 Zestimate®
$274/sqft
$-- HOA
What's special
Attached garageAll single-story detached units
- 95 days |
- 208 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Mark Paulson DRE #01245085 714-305-0797,
Berkshire Hathaway HomeService,
Tami Eilts DRE #02006398,
Berkshire Hathaway HomeService
Source: CRMLS,MLS#: OC26110915
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
Rooms
- Room types: Bedroom, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Features: Multiple Primary Suites
Bedroom
- Features: All Bedrooms Down
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: None
Features
- Tile Counters, All Bedrooms Down, Multiple Primary Suites
- Flooring: Laminate, Vinyl
- Windows: Double Pane Windows, ENERGY STAR Qualified Windows, Screens
- Has fireplace: Yes
- Fireplace features: Bath, Electric, Gas, Kitchen, Living Room, Outside
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,466
- Total interior livable area: 5,466 sqft
Video & virtual tour
Property
Parking
- Total spaces: 13
- Parking features: Assigned, Garage, On Site, Private, One Space
- Garage spaces: 8
- Uncovered spaces: 5
Accessibility
- Accessibility features: No Stairs, Parking, Accessible Doors, Accessible Entrance
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Chain Link
Lot
- Size: 9,601 Square Feet
- Features: 2-5 Units/Acre
Details
- Additional parcels included: 6215006015
- Parcel number: 6215006014
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Mixed Use
Materials
- Stucco
- Foundation: Slab
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Park
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: South Gate
Financial & listing details
- Price per square foot: $274/sqft
- Tax assessed value: $867,464
- Date on market: 5/21/2026
- Cumulative days on market: 95 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Total actual rent: 9580
- Tenant pays: Cable TV, Electricity, Gas
- Road surface type: Paved
Estimated market value
$1,482,000
$1.41M - $1.56M
$2,683/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Listed for sale | $1,500,000$274/sqft |
Source:  CRMLS #OC26110915 Report a problem | ||
| 7/15/2026 | Contingent | $1,500,000$274/sqft |
Source: CRMLS #OC26110915 Report a problem | ||
| 7/13/2026 | Price change | $1,500,000-13%$274/sqft |
Source: CRMLS #OC26110915 Report a problem | ||
| 5/21/2026 | Listed for sale | $1,725,000$316/sqft |
Source: CRMLS #OC26110915 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $867,464 +9.7% |
| 2025 | $10,788 +3.8% | $790,672 +2% |
| 2024 | $10,396 +1.7% | $775,170 +2% |
| 2023 | $10,218 +4.9% | $759,972 +2% |
| 2022 | $9,737 +1.3% | $745,072 +2% |
| 2021 | $9,616 -0.8% | $730,463 +1% |
| 2020 | $9,690 | $722,974 +2% |
| 2019 | $9,690 +6.5% | $708,799 +2% |
| 2018 | $9,101 | $694,902 +2% |
| 2017 | $9,101 +2.1% | $681,277 +491.9% |
| 2016 | $8,915 +302.2% | $115,101 +1.5% |
| 2015 | $2,217 +0.7% | $113,373 +2% |
| 2014 | $2,200 | $111,153 +5% |
| 2009 | -- | $105,816 +6.1% |
| 2005 | -- | $99,715 +4% |
| 2004 | -- | $95,845 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 90280
Nearby schools
GreatSchools rating
- 6/10Aspire Firestone AcademyGrades: K-5Distance: 0.6 mi
- 5/10South Gate Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10South Gate Senior High SchoolGrades: 9-12Distance: 0.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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