Well-Maintained Duplex: Income
9234 Elizabeth Avenue South Gate, CA 90280
9234 Elizabeth Avenue, South Gate, CA, 90280
Contact for pricing
For Sale
Contact for pricing
Duplex featuring two homes on one lot with rental income.
Property Size1,608 SF
Price / SF$496.89
Days on Market66
Property Features for 9234 Elizabeth Avenue
General Information
- Standard status
- Active
- Size
- 1,608 SF
- Property subtype
- Multifamily
Listing Agency
Synergy Real Estate
(626) 627-0007
Listed by
Donna Landaverde · License #02014631
Source
Crexi
Added: May 13 Checked: Jul 16 at 4:13 am
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
NOI $28,081 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$369.6K
$323.4K – $431.2K
NOI $25,874 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$860.9K
$753.3K – $1.00M
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
Similar For Sale Nearby
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
