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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8028 Seville Ave South Gate, CA 90280-2024

    • Retail space
    • 2,010 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2023
    $625,006
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    7.3%
    Retail space
    Location Intelligence
    Property ID
    US09-8704052
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Annette's Beauty Hair Salon & Barbershop / Hair Salon
    • Noeve hair studio / Hair Salon

    Property Details for 8028 Seville Ave

    Year built
    1924
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    2,010 SF
    Zone code
    SGC3*
    Property type
    Retail space
    APN
    6202-017-014
    APU
    6202017014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $610,000
      ML approach
      $580,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $685,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $617,000
      Market price range: $244k - $618k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $425,000
      Current use
      MEDICAL BUILDING
      $915,000
      Change: +114% Conversion: Difficult
      OFFICE BUILDING
      $900,000
      Change: +112% Conversion: Easy
      WAREHOUSE, STORAGE
      $590,000
      Change: +39% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $425,000
      Change: +0% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Gate
    County
    Los Angeles
    State
    California
    Longitude
    -118.222
    Latitude
    33.965
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,373
    $408,000
    $229,500
    $637,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,990,000
      24,000 SF

      5831 Firestone Blvd

      RETAIL STORES (PERSONAL SERVICES) • 24,000 SF
      5831 Firestone Blvd, South Gate, CA 90280-3718
      View Details
    • Value Estimation
      $890,000
      4,050 SF

      13223 Paramount Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      13223 Paramount Blvd, South Gate, CA 90280-7912
      View Details
    • Value Estimation by Request
      1,187 SF

      13529 Paramount Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,187 SF
      13529 Paramount Blvd, South Gate, CA 90280-8256
      View Details
    • Value Estimation by Request
      1,700 SF

      2722 Firestone Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,700 SF
      2722 Firestone Blvd, South Gate, CA 90280
      View Details
    • Value Estimation
      $1,290,000
      8,060 SF

      3221 Tweedy Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,060 SF
      3221 Tweedy Blvd, South Gate, CA 90280-4326
      View Details
    • Value Estimation
      $625,000
      2,030 SF

      8932 State St

      RETAIL STORES (PERSONAL SERVICES) • 2,030 SF
      8932 State St, South Gate, CA 90280-2926
      View Details

    Similar Nearby for Sale

    • $575,000

      Mixed-Use Property With Income Potential

      Renovated mixed-use property featuring commercial units and residential space.
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      Retail/office property in great location with lots of potential.
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    • $654,000

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      Commercial property for sale in a high-traffic South Gate location.
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      4,050 SF

      South Gate Commercial Investment Property

      High-visibility, 100% occupied commercial property in South Gate, California.
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      Retail Building in Prime Location

      Retail building with three units in a high-traffic area.
      4136 Tweedy Blvd, South Gate, CA 90280
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      8,929 SF

      South Gate Retail Space Available

      Retail, medical, or office space for rent in South Gate.
      12222-12222 Garfield Ave, South Gate, CA 90280
      View Details
    • $2 SF/Yr
      11,029 SF

      Retail Space Available For Rent

      Retail property with 11,029 square feet available for lease.
      12222 Garfield Ave, South Gate, CA 90280
      View Details
    • $2,300 /Mo
      1,500 SF

      Prime South Gate Commercial Unit

      Spacious commercial unit in a high-traffic South Gate location.
      9616 Long Beach Blvd, South Gate, CA 90280
      View Details
    • Contact for pricing
      900 SF

      Tweedy Mile Storefront for Lease

      Retail space on Tweedy Mile with high visibility and foot traffic.
      3925 Tweedy Blvd, South Gate, CA 90280
      View Details
    • $8,918 /Mo

      South Gate Car Lot For Lease

      Large car lot with small building available for lease.
      2976 Firestone Blvd, South Gate, CA 90280
      View Details
    • Contact for pricing

      High-Traffic Retail and Medical Space

      Retail and medical space available in high-traffic South Gate location.
      8610 Garfield Ave, South Gate, CA 90280
      View Details
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    8028 Seville Ave
    South Gate, CA 90280-2024
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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