9421 Dearborn, South Gate, CA 90280

Property Description

Excellent income property opportunity in the heart of south gate, offered at $1,400,000 with an above-average cap rate for the area. This property is perfect for 1031 exchange buyers, buy-and-hold investors, or owner-users seeking a multi-unit asset in a high-demand south gate rental market. This 4 unit income-producing property offers strong in-place income with upside potential. After market rent adjustments and leasing the owner’s unit (delivered vacant), projected gross income is approximately $122,880 annually with an estimated 8.7% gross cap rate. The owner’s unit will be delivered vacant, allowing a new owner to reset rent to market, currently estimated at approximately $3,200 per month. The remaining units offer an opportunity to increase rents by approximately 8%–10%, providing a clear path to increase cash flow after purchase. This property offers flexibility for an owner-occupant looking to house-hack or an investor seeking full rental income, with rental proceeds helping offset ownership costs while positioning the asset for long-term appreciation. Situated on an oversized corner lot, the property features a 2-car garage plus 2-car carport, and is located just minutes from south gate park, azalea shopping center, and the 710 & 105 freeways. Buyer to verify all income, rents, unit configuration, and permits to their satisfaction.