9421 Dearborn Ave South Gate, CA 90280
Estimated payment $8,246/month
Highlights
- Bonus Room
- Cooling System Mounted To A Wall/Window
- Rectangular Lot
- No HOA
- Laundry Room
- 4-minute walk to State Street Park
About This Home
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 FOURPLEX OPERATES AS A 6-UNIT INCOME-PRODUCING PROPERTY and 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.
Listing Agent
ROA California Inc. Brokerage Phone: 323 350-4654 License #01968704 Listed on: 11/26/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 8,329 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 2 Car Garage
- 2 Carport Spaces
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,968 Sq Ft Home
- 2-Story Property
- Bonus Room
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Tax Lot 1652
- Tax Tract Number 5487
- Assessor Parcel Number 6209006019
- $1,276 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- 5 Leased Units
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 2 Separate Water Meters
- Gross Income $120,480
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,930 | $836,335 | $404,230 | $432,105 |
| 2024 | $10,930 | $819,937 | $396,304 | $423,633 |
| 2023 | $10,742 | $803,861 | $388,534 | $415,327 |
| 2022 | $10,236 | $788,100 | $380,916 | $407,184 |
| 2021 | $10,103 | $772,648 | $373,448 | $399,200 |
| 2019 | $9,784 | $749,732 | $362,372 | $387,360 |
| 2018 | $9,579 | $735,032 | $355,267 | $379,765 |
| 2016 | $8,590 | $660,000 | $430,000 | $230,000 |
| 2015 | $8,053 | $616,000 | $400,000 | $216,000 |
| 2014 | $6,585 | $480,000 | $327,300 | $152,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | For Sale | $1,400,000 | -- | $353 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $600,000 | Commonwealth | |
| Interfamily Deed Transfer | -- | -- | |
| Gift Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $480,000 | Purchase Money Mortgage | |
| Closed | $90,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25266774
APN: 6209-006-019
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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