10-Unit Apartment
For Sale
$1,800,000
2815 Orchard Place, South Gate, CA 90280
Apartment property located in South Gate, California.
Property Size5,456 SF
Days on Market148
Property Features for 2815 Orchard Place
General Information
Standard status
Active
Size
5,456 SF
Property subtype
Apartment
Additional Details
Multifamily Units
10
Building Details
Building Size
5,456 SF
Year Built
1929
Listing Agency:
Coldwell Banker Envision
Listed By:
Glen Cabral · License #01272442
(714) 401-2696
Source:
Truthrealty
Added: May 15
Changed: Sep 29
Last Checked: Oct 7 at 4:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Envision
Investment Insights
Based on property information with market context.
This apartment building at 2815 Orchard Place in South Gate, California, contains 10 residential units. The property was built in 1929 and is classified as an apartment building, providing a multifamily configuration within an established Southern California community.
Key Highlights
- 10‑unit apartment building
- Built in 1929
- Located at 2815 Orchard Place in South Gate, CA 90280
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,791
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,755,820
$1.8M
Cap Rate 7%
$1,254,157
$1.3M
Cap Rate 9%
$975,456
$975.5K
Market Conditions
NOI Build-Up for 5,456 SF
Gross rent
$173.5K $31.80/SF
− Vacancy
−$13.9K −$2.54/SF
EGI
$159.6K $29.26/SF
− OpEx
−$71.8K −$13.17/SF
NOI
$87.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,755,820
Cap Rate 7%
$1,254,157
Cap Rate 9%
$975,456
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,791 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,478 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 90280, CA
92,678
Population
25,395
Households
3.6
Avg Household Size
34
Median Age
12%
College-Educated
59%
High-School Grad
7.4 sq mi
ZIP Area
12,524
Density / Sq Mi
$71,379
Median Household Income
$34,547
Median Earnings
$1,471
Median Rent
$608,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property located in South Gate, California.
Where is this apartment building located?
The property is located at 2815 Orchard Place South Gate, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 10‑unit apartment building; Built in 1929; Located at 2815 Orchard Place in South Gate, CA 90280
