Six-Unit Townhome-Style
For Sale
$1,975,000
9643 Mallison Avenue, South Gate, CA 90280
Six-unit multifamily property with townhome-style layouts, carport parking, and onsite laundry.
Property Size5,295 SF
Days on Market183
Property Features for 9643 Mallison Avenue
General Information
Standard status
Active
Size
5,295 SF
Property subtype
Apartment
Additional Details
Multifamily Units
6
Amenities
carport parking
laundry onsite
Building Details
Building Size
5,295 SF
Year Built
1961
Tenancy
Multi
Listing Agency:
Property Leaders
Listed By:
Kevin Yee · License #02154195
Source:
Velocityrealtysd
Added: Feb 22
Changed: Aug 23
Last Checked: Aug 21 at 4:29PM
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 Property Leaders
Investment Insights
Based on property information with market context.
This is a six-unit apartment building offering a strong mix of townhome-style units. The property includes one 3-bedroom / 1.25-bath unit and one 2-bedroom / 1-bath unit, along with two 2-bedroom / 2-bath units and two 1-bedroom / 1-bath units. Carport parking is provided, and there is laundry onsite with equipment that is not leased.
The building is described as being in an excellent location, with walking distance to a school, parks, and shopping.
The seller notes that vacancies are rarely available, and that rents are below market.
The building is described as being in an excellent location, with walking distance to a school, parks, and shopping.
The seller notes that vacancies are rarely available, and that rents are below market.
Key Highlights
- Six‑unit multifamily building with townhome‑style layouts and a mix of 1-, 2-, and 3‑bedroom units
- Unit mix includes 1 three bed/1.5 bath townhome, 1 two bed/1 bath townhome, 2 two bed/2 bath units, and 2 one bed/1 bath units
- Carport parking available for residents
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,201
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,704,020
$1.7M
Cap Rate 7%
$1,217,157
$1.2M
Cap Rate 9%
$946,678
$946.7K
Market Conditions
NOI Build-Up for 5,295 SF
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.
Gross rent
$168.4K $31.80/SF
− Vacancy
−$13.5K −$2.54/SF
EGI
$154.9K $29.26/SF
− OpEx
−$69.7K −$13.17/SF
NOI
$85.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,704,020
Cap Rate 7%
$1,217,157
Cap Rate 9%
$946,678
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,201 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.31M
NOI $198,445 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,155
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with townhome-style layouts, carport parking, and onsite laundry.
Where is this apartment building located?
The property is located at 9643 Mallison Avenue South Gate, CA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Six‑unit multifamily building with townhome‑style layouts and a mix of 1-, 2-, and 3‑bedroom units; Unit mix includes 1 three bed/1.5 bath townhome, 1 two bed/1 bath townhome, 2 two bed/2 bath units, and 2 one bed/1 bath units; Carport parking available for residents
