Renovated 5-Unit Multifamily
8973 Alexander Ave South Gate, CA 90280
For Sale
$1,175,000
Pending
MULTI_FAMILY - South Gate, CA
Property Size2,564 SF
Lot Size0.13 Acres
Days on Market47
Property Features for 8973 Alexander Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SGR3YY
Bedrooms
6
Bathrooms
5
Rooms
Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 5, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 3
Parking
5
Parking features
Covered, Garage
Standard status
Pending
APN
6216-027-017
Size
2,564 SF
Lot size
0.13 Acres
Building Details
Year built
1940
Floors in Building
2
Number of units
5
Listing Agency:
Remax Commercial and Investment Realty
(213) 817-1000
Listed By:
Enrique Viramontes · License #01372010
(213) 233-4363
Added: Jun 12
Changed: Jul 28
Last Checked: Jul 28 at 5:06PM
MLS# 26847053
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 for-sale property is a renovated 5-unit multifamily asset on a 0.1344-acre lot totaling 2,564 square feet. The mix includes a detached 2-bedroom, 1-bath single-family residence with a private front lawn, and four rear 1-bedroom, 1-bath units. The property has undergone extensive capital improvements, including a new sewer line, new walkway and deck, complete electrical upgrades (new panels, wiring, and subpanels), new plumbing, new heaters, a new roof, and exterior paint and windows.
Located at 8973 Alexander Ave in South Gate, California 90280 (Los Angeles County). The layout places the single-family home at the front of the lot and the four additional units at the rear, supported by existing onsite garages.
For tenants and operators, the configuration offers a combination of an independent front residence and multiple rear units within one ownership. For buyers seeking additional flexibility, the existing onsite garages present a potential opportunity for ADU conversion in accordance with applicable regulations, subject to verification. The scope of upgrades is designed to reduce near-term replacement needs while supporting ongoing day-to-day leasing.
Located at 8973 Alexander Ave in South Gate, California 90280 (Los Angeles County). The layout places the single-family home at the front of the lot and the four additional units at the rear, supported by existing onsite garages.
For tenants and operators, the configuration offers a combination of an independent front residence and multiple rear units within one ownership. For buyers seeking additional flexibility, the existing onsite garages present a potential opportunity for ADU conversion in accordance with applicable regulations, subject to verification. The scope of upgrades is designed to reduce near-term replacement needs while supporting ongoing day-to-day leasing.
Key Highlights
- 5‑unit multifamily in South Gate with a detached 2BR/1BA home plus four rear 1BR/1BA units
- Extensively renovated with new sewer line, new plumbing, upgraded electrical (panels, wiring, subpanels), and new heaters
- Recent exterior updates include a new roof, exterior paint, and new windows
Financial Insights For Apartment 5plus
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 | $81.5k | $31.80 |
| − Vacancy | −$6.5k | −$2.54 |
| EGI | $75.0k | $29.26 |
| − OpEx | −$33.8k | −$13.17 |
| NOI | $41.3k | $16.09 |
2,564 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$589.4K
$515.7K – $687.6K
NOI $41,257 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,093 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Extensively renovated 5-unit multifamily with modern electrical, plumbing, and roof improvements plus a detached residence on-site.
Where is this apartment building located?
The property is located at 8973 Alexander Ave South Gate, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 5‑unit multifamily in South Gate with a detached 2BR/1BA home plus four rear 1BR/1BA units; Extensively renovated with new sewer line, new plumbing, upgraded electrical (panels, wiring, subpanels), and new heaters; Recent exterior updates include a new roof, exterior paint, and new windows
