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Well-Maintained Duplex: Income Opportunity

9234 Elizabeth Avenue South Gate, CA 90280

9234 Elizabeth Avenue, South Gate, CA, 90280
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Duplex featuring two homes on one lot with rental income.

Property Size1,608 SF
Price / SF$496.89
AddedMay 13
Days on Market64
Last RefreshJul 2 at 5:50 am

Property Features for 9234 Elizabeth Avenue

General Information

Standard status
Active
Size
1,608 SF
Property subtype
Multifamily

Listing office Synergy Real Estate

Listing date May 13, 2026

Source Crexi

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 Synergy Real Estate


Investment Insights

Based on property information with market context.

This well-maintained duplex presents a rare opportunity, featuring two homes on one lot. The property, totaling 1,608 square feet, includes two units, each approximately 804 square feet. Each unit features 2 bedrooms, 1 bathroom, a 1-car garage, interior washer and dryer hookups, and separate gas and water meters. The units have no common walls, enhancing privacy. The back unit includes central AC and heat, along with a private backyard patio. The front unit will be delivered vacant at close of escrow, offering an opportunity for an owner-user or investor. Additional parking is available behind each garage. The property is designed for low-maintenance upkeep. Both units have been exceptionally maintained with rental income in place. The property is located near shopping centers, schools, parks, and major freeways.

Key Highlights

  • Duplex: Two Homes on One Lot
  • Strong Rental Income Potential
  • Front Unit Delivered Vacant

Local Financial Insights For Multifamily LT 5

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 $43.4k $27.00
− Vacancy −$3.3k −$2.05
EGI $40.1k $24.95
− OpEx −$12.0k −$7.48
NOI $28.1k $17.46
1,608 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$401.2K
$351.0K – $468.0K (±1% cap)
NOI $28,081 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$369.6K
$323.4K – $431.2K (±1% cap)
NOI $25,874 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$860.9K
$753.3K – $1.00M (±1% cap)
NOI $60,264 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Gorditas estilo Santa ... Restaurant

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Daycare Center HVAC Service Acupuncture Garden Center (Bike/Boat/Book/etc) Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex featuring two homes on one lot with rental income.
Where is this duplex located?
The property is located at 9234 Elizabeth Avenue South Gate, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Duplex: Two Homes on One Lot; Strong Rental Income Potential; Front Unit Delivered Vacant
Contact an agent
(626) 627-0007 Call to check price and availability
More about this property
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