Two-Unit Duplex with
For Sale
$949,900
8976 Mcnerney Unit A-B, South Gate, CA 90280
Tenant-occupied property offers separate entrances and two garages, with a third unpermitted unit on site.
Property Size2,648 SF
Price / SF$358.72
Days on Market244
Property Features for 8976 Mcnerney Unit A-B
General Information
Standard status
Active
Size
2,648 SF
Total Parking Spaces
4
Property subtype
MULTI_FAMILY
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Building Details
Building Size
2,648 SF
Year Built
1940
Listing Agency:
Excellence RE Real Estate
Listed By:
Crystal Quinonez · License #02195626
(562) 346-6984
Source:
Highend-estates
Added: Feb 25
Changed: Oct 26
Last Checked: Oct 26 at 3:22PM
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 Excellence RE Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,648-square-foot property, built in 1940, is titled as a single-family residence and permitted for duplex use. It contains two legal units, each with a separate entrance, plus a third unit that is not permitted. The property also has two two-car garages and two water heaters.
Tenants currently occupy the property, and the sale is subject to their continued occupancy. The property is being sold as-is.
Tenants currently occupy the property, and the sale is subject to their continued occupancy. The property is being sold as-is.
Key Highlights
- 2,648 square feet; built in 1940
- Two legal units, each with a separate entrance
- Third unit is unpermitted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,244
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,880
$924.9K
Cap Rate 7%
$660,629
$660.6K
Cap Rate 9%
$513,822
$513.8K
Market Conditions
NOI Build-Up for 2,648 SF
Gross rent
$71.5K $27.00/SF
− Vacancy
−$5.4K −$2.05/SF
EGI
$66.1K $24.95/SF
− OpEx
−$19.8K −$7.48/SF
NOI
$46.2K $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 Rate 5%
$924,880
Cap Rate 7%
$660,629
Cap Rate 9%
$513,822
Alternative Uses
Best Use
Multifamily LT 5
$660.6K
$578.1K – $770.7K
NOI $46,244 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$608.7K
$532.6K – $710.1K
NOI $42,608 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,241 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,302
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
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied property offers separate entrances and two garages, with a third unpermitted unit on site.
Where is this duplex located?
The property is located at 8976 Mcnerney Unit A-B South Gate, CA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 2,648 square feet; built in 1940; Two legal units, each with a separate entrance; Third unit is unpermitted
