$1,550,000

Estimated payment $10,037/month

Total Views 734
10 Beds
7 Baths
5,815 Sq Ft
$267 Price per Sq Ft

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Laundry Room
  • 4-minute walk to All American Park

About This Home

Introducing 8020 McKinley Avenue – Rare South Gate Multifamily Offering on an Expansive Lot

Situated on a generous 11,000 sq. ft. lot, this unique property combines classic charm with modern income potential. Originally built in 1936, the front residence is a beautiful Spanish-style 2-bedroom, 1-bath home showcasing timeless architectural details, original character, and in-unit laundry.

In 1991, a substantial fourplex was added to the rear of the property, offering excellent rental income and long-term value. Each of the four units includes: Two-car garages, in-unit laundry, two townhome-style units: 2 bed / 1.5 bath and two single-level units: 2 bed / 1 bath

The property has been well maintained, featuring all new windows and an excellent tenant base that takes pride in their homes.

Located in the desirable South Gate/Paramount area—where multifamily properties rarely come to market—this is a rare chance to acquire a high-quality investment in a strong rental market.

8020 McKinley Avenue offers the perfect blend of historic charm, modern convenience, and steady income potential.

Listing Agent

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 08/09/2025

Co-Listing Agent

Darin Hubbard

eXp Realty of California Inc Brokerage Phone: 562-307-0838 License #02039190

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage

Home Design

  • Traditional Architecture
  • Spanish Architecture
  • Apartment
  • Raised Foundation
  • Tile Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 5,815 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 45
  • Tax Tract Number 9363
  • Assessor Parcel Number 6264005018
  • $2,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $800
  • Fuel Expense $200
  • Gardener Expense $1,200
  • Insurance Expense $5,000
  • Maintenance Expense $5,409
  • Pest Control $600
  • Professional Management Expense $5,409
  • Trash Expense $1,000
  • Water Sewer Expense $1,600
  • New Taxes Expense $16,645
  • Operating Expense $37,862
  • Gross Income $108,180
  • Net Operating Income $70,317

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

0

Parking

10

Listing Details

  • Assessments: Yes
  • CapRate: 4.54
  • Price Per Unit: 310000
  • Professional Management Expense: 5409.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1600.00
  • Zoning: SGR3YY
  • Architectural Style: Spanish, Traditional
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6264005018
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One, Two
  • Price Per Square Foot: 266.55

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Asphalt, Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: Inside
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11319.00
  • Lot Size Acres: 0.2598

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 800.00
  • Fuel Expense: 200.00
  • Gross Income: 108180.00
  • Gross Multiplier: 14.33
  • Gross Operating Income: 108180.00
  • Gross Scheduled Income: 108180.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 11319.0000 Square Feet
  • Maintenance Expense: 5409.00
  • Net Operating Income: 70317.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 37863.00
  • Rent Control: Yes
  • Total Actual Rent: 9015.00
  • Total Expenses: 37862.00

Tax Info

  • New Taxes Expense: 16645.00
  • Tax Census Tract: 5362.02
  • Tax Lot: 45
  • Tax Tract Number: 9363
  • TaxOtherAnnualAssessmentAmount: 2000.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2025 08/09/25 For Sale $1,550,000 -- $267 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25175447

California Regional Multiple Listing Service (CRMLS)