Check out this fully renovated and vacant quadruplex perfect for an investor or for an owner-user! This property provides a great investment opportunity with a potential 5.5% cap rate and 12.9 GRM. You could also live in one unit and rent out the other three units. This property is beautifully remodeled with permits and is like new from top to bottom, including a brand-new roof, windows, copper plumbing, HVAC, and electrical systems. There are 4 roomy and spacious one-bedroom units, each with their own interior laundry hookups. The sunny and bright kitchens are elegantly remodeled with quartz countertops and designer cabinets. Don?t miss the renovated bathrooms with modern finishes, ceiling fans, recessed lighting, lovely laminate floors, and brand-new water heaters. This is your opportunity to own an investment property that can obtain premium rents in this up and coming South Gate location. The price and terms for this building can?t be beat!
Sold for $1,185,000
$1,185,000
8994 McNerney Ave, South Gate, CA 90280
--beds
0baths
2,065sqft
Quadruplex
Built in 1948
-- sqft lot
$1,091,900 Zestimate®
$574/sqft
$2,099 Estimated rent
Home value
$1,091,900
$1.03M - $1.16M
$2,099/mo
Zestimate® history
Owner options
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$2,099/mo
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$2,099/mo
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$7,579/mo
Est. payment
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$7,579/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Wall, Electric, Gas
Cooling
- None
Appliances
- Laundry: Gas Dryer Hookup, Washer Hookup, Inside
Features
- Flooring: Laminate
- Common walls with other units/homes: 1 common wall, No one above, No one below
Interior area
- Total interior livable area: 2,065 sqft
Property
Features
- Levels: Two
Lot
- Size: 3,902 Square Feet
- Features: Level with Street, Level, Rectangular Lot
Details
- Parcel number: 6216029005
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- Year built: 1948
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Sewer Connected, Water Available, Electricity Available
Community & HOA
Location
- Region: South Gate
Financial & listing details
- Price per square foot: $574/sqft
- Tax assessed value: $1,208,700
- Annual tax amount: $15,322
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2024 | Sold | $1,185,000-0.8%$574/sqft |
Source: Public Record Report a problem | ||
| 1/4/2024 | Contingent | $1,195,000$579/sqft |
Source:  CLAW #23-338290 Report a problem | ||
| 12/8/2023 | Listed for sale | $1,195,000$579/sqft |
Source: CLAW #23-338290 Report a problem | ||
| 12/7/2023 | Listing removed | -- |
Source: CLAW #23-326821 Report a problem | ||
| 10/30/2023 | Listed for sale | $1,195,000$579/sqft |
Source: CLAW #23-326821 Report a problem | ||
| 10/26/2023 | Listing removed | -- |
Source: CLAW #23-311053 Report a problem | ||
| 9/13/2023 | Listed for sale | $1,195,000$579/sqft |
Source: CLAW #23-311053 Report a problem | ||
| 9/12/2023 | Listing removed | -- |
Source: CLAW #23-276527 Report a problem | ||
| 6/2/2023 | Listed for sale | $1,195,000$579/sqft |
Source: CLAW #23-276527 Report a problem | ||
| 6/2/2023 | Listing removed | -- |
Source: CLAW #23-254139 Report a problem | ||
| 4/7/2023 | Listed for sale | $1,195,000$579/sqft |
Source: CLAW #23-254139 Report a problem | ||
| 4/5/2023 | Contingent | $1,195,000$579/sqft |
Source: CLAW #23-254139 Report a problem | ||
| 3/24/2023 | Listed for sale | $1,195,000+19.6%$579/sqft |
Source: CLAW #23-254139 Report a problem | ||
| 9/10/2020 | Listing removed | $999,000$484/sqft |
Source: Keller Williams Realty L.A. Harbor #SB20124812 Report a problem | ||
| 8/18/2020 | Price change | $999,000-2.5%$484/sqft |
Source: Keller Williams Realty #SB20124812 Report a problem | ||
| 7/31/2020 | Price change | $1,025,000-1.9%$496/sqft |
Source: Keller Williams Realty #SB20124812 Report a problem | ||
| 6/28/2020 | Listed for sale | $1,045,000+122.3%$506/sqft |
Source: Keller Williams Realty #SB20124812 Report a problem | ||
| 12/26/2019 | Listing removed | $1,595$1/sqft |
Source: Go Section8 Report a problem | ||
| 12/25/2019 | Price change | $1,595+23.2%$1/sqft |
Source: Go Section8 Report a problem | ||
| 12/12/2019 | Listed for rent | $1,295$1/sqft |
Source: Go Section8 Report a problem | ||
| 11/22/2019 | Sold | $470,000$228/sqft |
Source:  CRMLS #DW19241042 Report a problem | ||
| 11/16/2019 | Pending sale | $470,000$228/sqft |
Source: ReMax Sky #DW19241042 Report a problem | ||
| 11/13/2019 | Listed for sale | $470,000$228/sqft |
Source: ReMax Sky #DW19241042 Report a problem | ||
| 10/11/2019 | Pending sale | $470,000$228/sqft |
Source: ReMax Sky #DW19241042 Report a problem | ||
| 10/11/2019 | Listed for sale | $470,000$228/sqft |
Source: ReMax Sky #DW19241042 Report a problem | ||
| 10/11/2019 | Pending sale | $470,000$228/sqft |
Source: ReMax Sky #DW19241042 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,322 +68.2% | $1,208,700 +76.1% |
| 2024 | $9,108 +1.8% | $686,204 +2% |
| 2023 | $8,950 +5% | $672,750 -8.1% |
| 2022 | $8,524 -7.8% | $731,701 +2% |
| 2021 | $9,242 -0.8% | $717,355 +1% |
| 2020 | $9,316 | $710,000 +61.2% |
| 2019 | $9,316 +62.7% | $440,331 +2% |
| 2018 | $5,726 | $431,698 +2% |
| 2017 | $5,726 +2.1% | $423,234 +2% |
| 2016 | $5,607 +2.6% | $414,937 +1.5% |
| 2015 | $5,467 +1.5% | $408,705 +2% |
| 2014 | $5,384 | $400,700 +5% |
| 2009 | -- | $381,443 +2% |
| 2008 | -- | $373,964 +2% |
| 2007 | -- | $366,633 +2% |
| 2005 | -- | $359,445 +26.6% |
| 2004 | -- | $284,000 +13.6% |
| 2003 | -- | $250,000 +19% |
| 2002 | -- | $210,000 -34.3% |
| 2000 | -- | $319,599 |
Find assessor info on the county website
Neighborhood: 90280
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Nearby schools
GreatSchools rating
- 6/10Aspire Firestone AcademyGrades: K-5Distance: 0.3 mi
- 5/10South Gate Middle SchoolGrades: 6-8Distance: 0.2 mi
- 5/10South Gate Senior High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Los Angeles Unified
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,091,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,091,900
- California
- Los Angeles County
- South Gate
- 90280
- 8994 McNerney Ave
Nearby cities
Nearby zip codes
Other South Gate Topics
