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 Market117
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
(949) 680-5519
Source:
Archetyperealty
Added: Jun 15
Changed: Sep 29
Last Checked: Oct 7 at 5:40PM
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 / Yr
$117,077
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
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
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 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
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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
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 - 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.
