For sale in the vibrant city of South Gate, this well-maintained 5-unit apartment building presents a strong investment opportunity at a list price of $999,888. The property features a desirable unit mix of three 1-bedroom/1-bath units and two spacious 2-bedroom/1-bath units, appealing to a variety of tenants. With a solid 4.65% cap rate, this income-producing asset offers both stability and long-term growth potential. Situated in a high-demand rental market, the building benefits from steady occupancy and proximity to local amenities, schools, and transit.
Sold for $1,125,000 on 09/08/25
Listing Provided by:
Gil Legaspi DRE #01265976 562-305-0788,
Legaspi Commercial
Bought with: Realty Executives Com. & Res.
$1,125,000
8915 Elizabeth Ave, South Gate, CA 90280
7beds
1baths
3,262sqft
Multi Family
Built in 1949
-- sqft lot
$-- Zestimate®
$345/sqft
$3,396 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,396/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 15, 2025 at 07:06pm
Listing Provided by:
Gil Legaspi DRE #01265976 562-305-0788,
Legaspi Commercial
Bought with:
Jerry Mercado, DRE #02112259
Realty Executives Com. & Res.
Source: CRMLS,MLS#: DW25127504
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 1
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,262
- Total interior livable area: 3,262 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 7,017 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 6210023022
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: None
- Water: None
- Utilities for property: Sewer Not Available, Water Not Available
Community & neighborhood
Community
- Community features: Urban
Location
- Region: South Gate
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2025 | Sold | $1,125,000+12.5%$345/sqft |
Source:  CRMLS #DW25127504 | ||
| 9/8/2025 | Pending sale | $999,888$307/sqft |
Source: CRMLS #DW25127504 | ||
| 6/17/2025 | Contingent | $999,888$307/sqft |
Source: CRMLS #DW25127504 | ||
| 6/13/2025 | Pending sale | $999,888$307/sqft |
Source: CRMLS #DW25127504 | ||
| 6/6/2025 | Listed for sale | $999,888$307/sqft |
Source: CRMLS #DW25127504 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,262 +6.8% | $201,527 +2% |
| 2024 | $3,990 +1.4% | $197,576 +2% |
| 2023 | $3,936 +3.6% | $193,703 +2% |
Find assessor info on the county website
Neighborhood: 90280
Nearby schools
GreatSchools rating
- 7/10Independence Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10South Gate Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10South Gate Senior High SchoolGrades: 9-12Distance: 0.1 mi
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