Duplex with Laundry
For Sale
$799,999
Pending
3358 Michigan, South Gate, CA 90280
South Gate, CA
Property Size1,854 SF
Lot Size0.12 Acres
Days on Market55
Property Features for 3358 Michigan
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 5, Laundry Room, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1
Lot features
Near Public Transit, Park Nearby
Elementary school district
Standard
Middle school district
Standard
High school district
Standard
Directions
Elizabeth st
Subdivision
T4 - South Gate E of 710
Standard status
Pending
APN
6208007010
Size
1,854 SF
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1953
Floors in Building
1
Number of units
2
Listing Agency:
Town & Country Real Estate · Century 21 Real Estate
(909) 473-9000
Listed By:
Sergio Gameros · License #01240602
(909) 556-0480
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 24 at 3:06PM
MLS# IG26144359
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex comprises 1,854 square feet on a 0.1211-acre lot. The recorded room configuration includes five bedrooms, two bathrooms, and a laundry room. Both bathrooms are identified as handicap-accessible, and the property was built in 1953.
The property is located at 3358 Michigan in South Gate, California, within Los Angeles County. Public sewer service is provided. Schools, shopping, LAX Airport, and freeway access are identified in the surrounding area.
The property is located at 3358 Michigan in South Gate, California, within Los Angeles County. Public sewer service is provided. Schools, shopping, LAX Airport, and freeway access are identified in the surrounding area.
Key Highlights
- Duplex with 1,854 square feet of property area
- 0.1211‑acre lot in South Gate, CA 90280
- Five listed bedrooms and two bathrooms
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
$32,378
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
4.05%
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%
$647,560
$647.6K
Cap Rate 7%
$462,543
$462.5K
Cap Rate 9%
$359,756
$359.8K
Market Conditions
NOI Build-Up for 1,854 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
$50.1K $27.00/SF
− Vacancy
−$3.8K −$2.05/SF
EGI
$46.3K $24.95/SF
− OpEx
−$13.9K −$7.48/SF
NOI
$32.4K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$647,560
Cap Rate 7%
$462,543
Cap Rate 9%
$359,756
Alternative Uses
Best Use
Multifamily LT 5
$462.5K
$404.7K – $539.6K
NOI $32,378 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$426.2K
$372.9K – $497.2K
NOI $29,832 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$992.6K
$868.6K – $1.16M
NOI $69,484 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,395
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-bath residential income property with five listed bedrooms and public sewer service.
Where is this duplex located?
The property is located at 3358 Michigan South Gate, CA.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Duplex with 1,854 square feet of property area; 0.1211‑acre lot in South Gate, CA 90280; Five listed bedrooms and two bathrooms
