Two-Building Multifamily
For Sale
$2,100,000
3175 Ohio Avenue, South Gate, CA 90280
Two-building multifamily offering eight total units with carport parking and one-car garage.
Property Size7,276 SF
Days on Market71
Property Features for 3175 Ohio Avenue
General Information
Standard status
Active
Size
7,276 SF
Property subtype
Apartment
Additional Details
Multifamily Units
8
Building Details
Building Size
7,276 SF
Year Built
1944
Tenancy
Multi
Listing Agency:
Property Leaders
Listed By:
Kevin Yee · License #02154195
Source:
Archetyperealty
Added: Jun 15
Changed: Aug 23
Last Checked: Aug 24 at 2:52PM
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 Property Leaders
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes two buildings with a total of eight units. The unit mix consists of six 2 bed / 1 bath units, one 3 bed / 1 bath unit, and one 1 bed / 1 bath unit.
The property includes carport parking and a one-car garage. The seller reports the units are currently rented.
Carport parking is provided for tenants, and the property also includes a one-car garage. The overall configuration supports a mix of unit sizes across the two buildings.
The property includes carport parking and a one-car garage. The seller reports the units are currently rented.
Carport parking is provided for tenants, and the property also includes a one-car garage. The overall configuration supports a mix of unit sizes across the two buildings.
Key Highlights
- Two‑building multifamily property with 8 total units (6 2bd/1ba, 1 3bd/1ba, 1 1bd/1ba).
- Carport parking plus one‑car garage.
- Property description notes the units are consistently rented.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,077
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,341,540
$2.3M
Cap Rate 7%
$1,672,529
$1.7M
Cap Rate 9%
$1,300,856
$1.3M
Market Conditions
NOI Build-Up for 7,276 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$231.4K $31.80/SF
− Vacancy
−$18.5K −$2.54/SF
EGI
$212.9K $29.26/SF
− OpEx
−$95.8K −$13.17/SF
NOI
$117.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,341,540
Cap Rate 7%
$1,672,529
Cap Rate 9%
$1,300,856
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $117,077 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.54M
NOI $272,688 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,407
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily offering eight total units with carport parking and one-car garage.
Where is this apartment building located?
The property is located at 3175 Ohio Avenue South Gate, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two‑building multifamily property with 8 total units (6 2bd/1ba, 1 3bd/1ba, 1 1bd/1ba).; Carport parking plus one‑car garage.; Property description notes the units are consistently rented.
