Versatile Medical Office and
8464 California Avenue South Gate, CA 90280
8464 California Avenue, South Gate, CA, 90280
$649,000
For Sale
$649,000
Former medical office building with flexible live-work and commercial use potential, plus parking for up to 12 cars.
Property Size1,753 SF
Price / SF$370.22
Days on Market147
Property Features for 8464 California Avenue
General Information
- Standard status
- Active
- Size
- 1,753 SF
- Property subtype
- Office
Building Details
- Year Built
- 1925
Listing agency
Century 21 LOTUS
(562) 869-0800
Listed by
Edwin Acevedo · License #01854178
Source
Xome
Added: Feb 24 Updated: Jul 21 at 3:49AM Checked: Jul 21 at 3:49AM
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 Century 21 LOTUS
Investment Insights
Based on property information with market context.
This versatile commercial property was previously used as a medical office and is offered as a flexible space for its next use. The building is approximately 1,753 square feet and can be adapted for a variety of commercial business uses. It also offers conversion potential to a single-family home if desired.
Located at 8464 California Avenue in South Gate, the property provides parking for up to 12 cars. The exterior area may also be repurposed, depending on how the new owner plans to use the site. The surrounding area is described as offering access to major highways, shopping, and dining.
Located at 8464 California Avenue in South Gate, the property provides parking for up to 12 cars. The exterior area may also be repurposed, depending on how the new owner plans to use the site. The surrounding area is described as offering access to major highways, shopping, and dining.
Key Highlights
- 1,753 SF building originally used as a medical office
- Built in 1925; rectangular lot with paved road access
- Parking for up to 12 cars
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.3k | $38.40 |
| − Vacancy | −$16.2k | −$9.25 |
| EGI | $51.1k | $29.15 |
| − OpEx | −$12.8k | −$7.29 |
| NOI | $38.3k | $21.86 |
1,753 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$547.4K
$479.0K – $638.7K
NOI $38,319 @ 7.0% cap · market cap 5.90%
Second Best
Mixed Use
$507.1K
$443.7K – $591.6K
NOI $35,498 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$938.5K
$821.2K – $1.09M
NOI $65,698 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ugalde Raul OD
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Former medical office building with flexible live-work and commercial use potential, plus parking for up to 12 cars.
Where is this medical office space located?
The property is located at 8464 California Avenue South Gate, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1,753 SF building originally used as a medical office; Built in 1925; rectangular lot with paved road access; Parking for up to 12 cars
