Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8941 Mcnerney Ave South Gate, CA 90280-3254

    • Apartment buildings
    • 12,296 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $1,685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8604466
    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

    • Apartment buildings

    Property Details for 8941 Mcnerney Ave

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.59 lot acres
    Property size
    12,296 SF
    Zone code
    SGR3YY
    Property type
    Apartment buildings
    APN
    6216-030-032
    APU
    6216030032

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,490,000
      Current use
      COMMERCIAL (GENERAL)
      $2,610,000
      Change: +5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    South Gate
    County
    Los Angeles
    State
    California
    Longitude
    -118.196
    Latitude
    33.9518
    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
    $27,335
    $891,378
    $988,460
    $1,879,838
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $575,000
      3,196 SF

      12515 Hoover Ave

      APARTMENT HOUSE (5+ UNITS) • 3,196 SF
      12515 Hoover Ave, South Gate, CA 90280-8215
      View Details
    • Value Estimation
      $2,740,000
      20,374 SF

      3151 Independence Ave

      APARTMENT HOUSE (5+ UNITS) • 20,374 SF
      3151 Independence Ave, South Gate, CA 90280-2200
      View Details
    • Value Estimation
      $970,000
      5,148 SF

      9222 California Ave

      APARTMENT HOUSE (5+ UNITS) • 5,148 SF
      9222 California Ave, South Gate, CA 90280-4556
      View Details
    • Value Estimation
      $990,000
      5,362 SF

      10348 California Ave

      APARTMENT HOUSE (5+ UNITS) • 5,362 SF
      10348 California Ave, South Gate, CA 90280-6552
      View Details
    • Value Estimation
      $1,185,000
      6,537 SF

      8113 Cypress Ave

      APARTMENT HOUSE (5+ UNITS) • 6,537 SF
      8113 Cypress Ave, South Gate, CA 90280-2234
      View Details
    • Value Estimation
      $500,000
      2,642 SF

      9815 Dearborn Ave

      APARTMENT HOUSE (5+ UNITS) • 2,642 SF
      9815 Dearborn Ave, South Gate, CA 90280-4300
      View Details

    Similar Nearby for Sale

    • $999,998
      3,285 SF

      South Gate Multifamily Investment Opportunity

      Five-unit multifamily property in South Gate with income and upside.
      10249 California Ave, South Gate, CA 90280
      View Details
    • New
      $1,150,000
      2,612 SF

      South Gate Multifamily Investment Opportunity

      Five-unit property in South Gate with rental upside.
      8137 Beechwood Ave, South Gate, CA 90280
      View Details
    • $1,375,000
      3,847 SF

      South Gate Multifamily Investment Opportunity

      Multifamily property in South Gate with renovated kitchens and development potential.
      3220 Tecumseh Ave, South Gate, CA 90280
      View Details
    • $2,050,000
      6,915 SF

      South Gate Multifamily Investment Opportunity

      Well-maintained multifamily property in South Gate with upside potential.
      2844 Ardmore Ave, South Gate, CA 90280
      View Details
    • $575,000

      Mixed-Use Property With Income Potential

      Renovated mixed-use property featuring commercial units and residential space.
      8156 State St, South Gate, CA 90280
      View Details
    • $670,000

      South Gate Two-Unit Property

      Two-unit property in South Gate near shopping and freeways.
      10029 San Gabriel Ave, South Gate, CA 90280
      View Details

    Similar Nearby for Lease

    • $1,650 /Mo

      Remodeled South Gate Triplex Apartment

      One-bedroom apartment in South Gate near freeways and shopping.
      8106 San Miguel 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
    • $15 SF/Yr
      5,672 SF

      South Gate Industrial Warehouse

      5,672 SF Warehouse/Office Space Available
      5606 Rawlings Ave, 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
    • Contact for pricing
      9,750 SF

      Renovated Flex Space Available

      Newly renovated flex space with warehouse option in South Gate.
      12020 Garfield Ave, South Gate, CA 90280
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8941 Mcnerney Ave
    South Gate, CA 90280-3254
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!