8480 Virginia, South Gate, California 90280, South Gate, 90280 - 0 bed, 0 bath
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South Gate, California 90280
This 4-unit High-Potential Investment Opportunity is listed at a List Price of $899,000, positioned slightly above the $878,455 Fair Market Value. While the property requires a full interior modernization due to its Condition Rating of 5, the rare, long-term ownership history provides a stable foundation for value-add strategies. Located near major freeways and schools like Independence Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset costs through rental income in a high-demand South Gate location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8480 Virginia Subject | $899,000* List Price | 0 | 0 | 1,976 | $445 | - |
A 9611 Mallison Avenue Sold | $660,000 | 0 | 0 | 1,417 | $466 | 0.9 mi |
B 8461 Garden View Avenue Active | $799,900 List Price | 0 | 0 | 1,610 | $497 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1949 and under the same ownership for over 40 years, this property shows signs of significant dating. The presence of window AC units indicates a lack of modern central HVAC, and the 'drive-by only' and 'as-is' sale terms suggest the interior kitchens and baths likely require a full rehab to meet modern standards.
With rents currently below market rates and the property being held by the same owner for over 40 years, there is a substantial opportunity for investors to reposition the asset and realize significant income growth.
The property is ideally situated near major freeways, shopping, and everyday amenities, and is exceptionally close to local schools, including Independence Elementary which is less than a quarter-mile away.
As a rare 4-unit quadruplex with a history of long-term pride of ownership, this property offers a stable residential income foundation for either a seasoned investor or an owner-user.
The 'drive-by only' restriction and requirement not to disturb occupants prevent buyers from conducting a thorough interior assessment prior to making an initial offer.
The property is being sold in its present 'as-is' condition, which, given the 1949 construction year, may imply deferred maintenance or the need for modernization to achieve top-of-market rents.
FIRST TIME ON THE MARKET IN OVER 40 YEARS! Rare South Gate 4-unit investment opportunity with significant upside potential. Pride of long-term ownership. This well-located multi-family property at 8480 Virginia Ave offers a compelling value-add opportunity for investors, owner-users, or buyers looking to reposition rents over time (buyer to verify local rent regulations). Currently tenant-occupied with below-market rents, this property presents immediate income with strong future upside. Situated in a convenient South Gate location near shopping, schools, major freeways, and everyday amenities. Opportunities like this—held by the same ownership for decades—rarely come available. 4 -1bed 1bath Ideal for investors seeking long-term appreciation, income growth potential, or owner-users looking to offset ownership costs with rental income. Drive-by only. Please do not disturb occupants. Buyer to independently verify all income, expenses, permits, square footage, and rent control applicability. Property Conveyed in Present “As-Is” Condition*
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,976 | 1,656 | 60% |
| Lot Size | 4,794 | 5,467 | 27% |
| Price | $899.0K | $853.0K | 60% |
| Price per sq ft | $455 | $466 | 40% |
| Built year | 1949 | 1948 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 127 | 7% |
May 11, 2026
$899,000
Initial Listing