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8181-8183 Commercial Pl 7 Unit Apartment Building $1,100,000 ($157,143/Unit) 3.98% Cap Rate South Gate, CA 90280
Investment Highlights
- Attractive $157,143 Price Per Unit
- Staggering Amount of Upside in the Rents
- 100% Single Story Construction
- No Local Rent Control - Only Subject to AB 1482
Executive Summary
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 59% upside, providing investors with significant potential to increase income over time. Additional property features include open-space parking and on-site tenant 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.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$88,560
|
$23.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,657
|
$0.71
|
| Effective Gross Income |
$85,903
|
$23.04
|
| Taxes |
$15,137
|
$4.06
|
| Operating Expenses |
$26,939
|
$7.23
|
| Total Expenses |
$42,076
|
$11.29
|
| Net Operating Income |
$43,827
|
$11.76
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $88,560 |
| Annual Per SF | $23.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,657 |
| Annual Per SF | $0.71 |
| Effective Gross Income | |
|---|---|
| Annual | $85,903 |
| Annual Per SF | $23.04 |
| Taxes | |
|---|---|
| Annual | $15,137 |
| Annual Per SF | $4.06 |
| Operating Expenses | |
|---|---|
| Annual | $26,939 |
| Annual Per SF | $7.23 |
| Total Expenses | |
|---|---|
| Annual | $42,076 |
| Annual Per SF | $11.29 |
| Net Operating Income | |
|---|---|
| Annual | $43,827 |
| Annual Per SF | $11.76 |
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $157,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 3.98% | Building Size | 2,948 SF |
| Gross Rent Multiplier | 12.42 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 2.37/1,000 SF |
| Zoning | SGR4YY | ||
| Price | $1,100,000 |
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| Cap Rate | 3.98% |
| Gross Rent Multiplier | 12.42 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 2,948 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1923 |
| Parking Ratio | 2.37/1,000 SF |
| Zoning | SGR4YY |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6211-024-016 | Total Assessment | $1,070,000 (2025) |
| Land Assessment | $625,000 (2025) | Annual Taxes | $15,137 ($5.13/SF) |
| Improvements Assessment | $445,000 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
6211-024-016
Land Assessment
$625,000 (2025)
Improvements Assessment
$445,000 (2025)
Total Assessment
$1,070,000 (2025)
Annual Taxes
$15,137 ($5.13/SF)
Tax Year
2026
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8181-8183 Commercial Pl