7-Unit Single-Story Apartment
New
For Sale
$1,100,000
8181 Commercial Pl, South Gate, CA 90280
Residential Income, South Gate, CA
Property Size2,948 SF
Lot Size0.21 Acres
Price / SF$373.13
Days on Market2
Property Features for 8181 Commercial Pl
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SGR4YY
Bedrooms
7
Bathrooms
7
Full bathrooms
1
Rooms
Bathroom 3, Bathroom 2, Bathroom 7, Bedroom 3, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 1, Bathroom 6, Bedroom 5, Bedroom 6
Parking
7
Directions
From 710 Fwy, exit Firestone Blvd, head west, turn left on California Ave, then right on Commercial Place
Subdivision
Cudahy, South Gate W of 710, Hunt Pk S of Florence
Standard status
Active
APN
6211-024-016
Size
2,948 SF
Lot size
0.21 Acres
Amenities
open-space parking
on-site tenant storage
Building Details
Year built
1923
Floors in Building
1
Number of units
7
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Nicholas Petrosian · License #01462598
(949) 607-7096
Added: Aug 21
Last Checked: Aug 22 at 9:06AM
MLS# 26875519
Copyright © 2026 The MLS/CLAW. 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 7-unit apartment building was constructed in 1923 and offers a fully single-story layout. Each residence is configured with 1 bedroom and 1 bathroom, creating a consistent unit mix across the property. The improvements contain 2,948 square feet on an approximately 8,998-square-foot lot, with open-space parking and storage available for tenants.
The property is located at 8181 Commercial Pl in South Gate, California, within Los Angeles County. It is identified under zoning designation SGR4YY and is subject to AB 1482, with no local rent control stated. The property includes seven bathrooms and seven bedrooms in total, consistent with the individual unit configuration.
The property is located at 8181 Commercial Pl in South Gate, California, within Los Angeles County. It is identified under zoning designation SGR4YY and is subject to AB 1482, with no local rent control stated. The property includes seven bathrooms and seven bedrooms in total, consistent with the individual unit configuration.
Key Highlights
- 7 apartment units with a consistent mix of 1‑bedroom/1‑bath residences
- Fully single‑story construction
- 2,948 square feet on an approximately 8,998 SF lot
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
$47,436
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
4.31%
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%
$948,720
$948.7K
Cap Rate 7%
$677,657
$677.7K
Cap Rate 9%
$527,067
$527.1K
Market Conditions
NOI Build-Up for 2,948 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
$93.7K $31.80/SF
− Vacancy
−$7.5K −$2.54/SF
EGI
$86.2K $29.26/SF
− OpEx
−$38.8K −$13.17/SF
NOI
$47.4K $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%
$948,720
Cap Rate 7%
$677,657
Cap Rate 9%
$527,067
Alternative Uses
Best Use
Apartment 5plus
$677.7K
$593.0K – $790.6K
NOI $47,436 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,484 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,463
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 - Seven one-bedroom apartments include open parking and on-site tenant storage.
Where is this apartment building located?
The property is located at 8181 Commercial Pl South Gate, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7 apartment units with a consistent mix of 1‑bedroom/1‑bath residences; Fully single‑story construction; 2,948 square feet on an approximately 8,998 SF lot
