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8427 Otis Street
South Gate, CA 90280
ACTIVE
UNDER CONTRACT
$1,500,000
Active Under Contract
8
Garage
0.22
Acres
1951
Yr. Built
MLS# OC26110915
Cumulative Days on Market: 125 · Includes prior listings · Currently listed since 05/21/26 · Data provided by the MLS.

Property Description

This rare 7-unit apartment investment opportunity in South Gate offers investors a well-maintained income property with strong upside potential in one of Southern California’s consistently high-demand rental markets. Built in 1951, the property features approximately 5, 466 square feet of rentable space situated on a spacious 19, 229 square foot lot.

Strategically positioned in a dense rental corridor with historically low vacancy rates, the property provides stable in-place income with the opportunity to increase rents over time and enhance long-term value. The attractive layout features all single-story detached units, creating a desirable living environment for tenants while minimizing shared walls and maximizing privacy.

The versatile unit mix consists of:

• Two (2) 1-Bedroom / 1-Bath detached units, each with an attached garage

• Five (5) 2-Bedroom / 1-Bath detached units

Additional improvements include two rear garage structures offering a total of (6) garages, along with open onsite parking for tenants. Tenants pay their own gas and electricity, helping reduce owner operating expenses.

The property spans two separate lots, with one parcel containing four units and the second parcel containing three units and additional parking areas. A long private driveway enhances tenant privacy and provides convenient access throughout the property.

With no local city rent control, strong tenant demand, and significant long-term upside potential, this is an exceptional opportunity for investors seeking dependable cash flow and future appreciation in a highly sought-after rental market.

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Property Highlights

Property Type
Residential Income
Property Sub Type
Mixed Use
Architectural Style
Traditional
Acres
0.22
Year Built
1951
Cumulative Days On Market
96

Location

Area
T2 - Cudahy, South Gate W of 710, Hunt Pk S of Flore
City/Township
South Gate
View
None
County
Los Angeles

Property Details

Price
$1,500,000
Property Type
Residential Income
Property Sub Type
Mixed Use

Building

Levels
One
Stories
1
Total Area
5,466 Sqft

Community

Community Features
Park

Interior Features

Area and Spaces

Number of Units
7

Interior Features

Interior Features
Tile Counters, All Bedrooms Down, Multiple Primary Suites
Flooring
Laminate, Vinyl
Laundry Features
None
Accessibility Features
No Stairs, Parking, Accessible Doors, Accessible Entrance
Window Features
Double Pane Windows, Energy Star Qualified Windows, Screens
Security Features
Carbon Monoxide Detectors, Smoke Detectors
Electic
Electricity On Property
Fireplace Features
Bath, Electric, Gas, Kitchen, Living Room, Outside
Entry Level
1
Entry Location
1

Heating and Cooling

Heating Features
Wall Furnace
Has Fireplace
Yes

Building Details

Construction

Architectural Style
Traditional
Year Built
1951
Foundations
Slab
Common Walls
No Common Walls

Materials

Construction Materials
Stucco
Roof
Asphalt

Terms

Terms

Contingency
None

Commercial

Cap Rate
5.00

Terms

Special Conditions
Standard
Special Terms
Cash, Cash To New Loan, Exchange1031
Cumulative Days On Market
96

Heating, Cooling & Utilities

Cooling Features
Wall Window Units

Utilities

Utilities
Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Sewer
Public Sewer
Water Source
Public

Lot

Acres
0.22
Lot Size
9,601
Lot Size Area Sq Ft
9,601
Lot Features
Two To Five Units Acre
Road Surface
Paved
Road Frontage
City Street

Exterior Features

Exterior Features
Rain Gutters
Fencing
Chain Link

Parking

Total Parking Spaces
13
Garage Capacity
8
Parking Features
Assigned, Garage, On Site, Private, One Space

Pool Features

Pool Features
None
Spa Features
None
Listed by Mark Paulson, Berkshire Hathaway HomeService, 714-305-0797
Listing Data last updated 09/22/2026 05:00 pm
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 23-Sep-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
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Property History

2 days ago
Property information last updated
124 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 125 days (includes prior listings) · Currently listed since May 21, 2026. Data provided by the MLS.

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