Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10249 California Ave South Gate, CA 90280

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $999,998

    Five-unit multifamily property in South Gate, California.

    Lot size:
    0.17 Acres

    Property Features for 10249 California Ave

    General Information

    Standard status
    Active
    Zoning
    Assessor
    Lot size
    0.17 Acres

    We can help!

    Listing Contact
    Mario Grizzelle Jr
    Source: Crexi

    Listing Agency: C-21 Realty Team Listing Agent: Mario Grizzelle Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    South Gate Multifamily Investment

    This is a five-unit multifamily property located in South Gate, California. The property offers stable income with rental upside and strong tenant demand. The location is centrally positioned in a commuter-friendly city.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Gate
    County
    Los Angeles
    State
    California
    Longitude
    -118.2082687
    Latitude
    33.9408497

    Nearby Similar for Sale

    • $840,000
      3,953 SF

      Mixed-Use Property in South Gate

      Mixed-use commercial/residential property with retail and apartments in South Gate.
      9612 Long Beach Blvd, South Gate, CA 90280
      View Details
    • $1,299,999
      4,050 SF

      South Gate Commercial Investment Property

      High-visibility, 100% occupied commercial property in South Gate, California.
      13223 Paramount Blvd, South Gate, CA 90280
      View Details
    • $840,000
      3,753 SF

      South Gate Mixed-Use Investment

      Mixed-use property with retail and residential units in South Gate.
      9616 Long Beach Blvd, South Gate, CA 90280
      View Details
    • $1,098,900
      1,344 SF

      South Gate Restaurant Opportunity

      Freestanding restaurant building on a large lot in South Gate.
      11919 Garfield Ave, South Gate, CA 90280
      View Details
    • New
      $2,395,000
      5,354 SF

      South Gate Multifamily Investment

      Well-maintained 10-unit apartment community in South Gate, CA.
      9711 Salt Lake Ave, South Gate, CA 90280
      View Details
    • New
      $829,000
      1,688 SF

      South Gate Duplex Near School

      Cozy duplex near school, remodeled kitchens and restrooms, new floors.
      10106 Capistrano Ave, South Gate, CA 90280
      View Details
    • $2,050,000
      6,915 SF

      South Gate Multifamily Investment Opportunity

      Well-maintained multifamily property in South Gate with upside potential.
      2844 Ardmore Ave, South Gate, CA 90280
      View Details
    • $1,000,000
      2,240 SF

      South Gate Mixed-Use Opportunity

      Mixed-use property with storefront and residential units in South Gate.
      10240 Atlantic Ave, South Gate, CA 90280
      View Details
    • $1,050,000
      2,612 SF

      South Gate Multifamily Investment Opportunity

      Five-unit property in South Gate with rental upside.
      8137 Beechwood Ave, South Gate, CA 90280
      View Details
    • New
      $875,000
      1,785 SF

      South Gate Duplex with Pool

      Income-generating duplex in South Gate with a pool.
      3007 Sequoia Dr, South Gate, CA 90280
      View Details
    • $795,000
      1,051 SF

      Charming Duplex in South Gate

      South Gate duplex, move-in ready, near schools and freeways.
      8995 Victoria Ave, South Gate, CA 90280
      View Details
    • $620,000
      1,021 SF

      South Gate Duplex: Investment Opportunity

      Duplex in South Gate, ideal for investors or owner-occupants.
      9718 Otis St, South Gate, CA 90280
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property in South Gate, California.
    Where is this apartment building located?
    The property is located at 10249 California Ave South Gate, CA.
    What is the asking price?
    The asking price for this property is $999,998.
    What are key features of this property?
    This property features: - Great income opportunity.; - 5-unit multifamily asset provides stable income.; - Located in South Gate, CA, a centrally positioned, commuter-friendly city.
    (562) 607-8973
    Request Owner's contact information
    10249 California Ave South Gate, CA 90280
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10249 California Ave
    South Gate, CA 90280
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10249 California Ave South Gate, CA 90280
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mario Grizzelle Jr
    Real Estate License ID: 01335292
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!