8976 Mcnerney A-b, South Gate, California 90280, South Gate, 90280 - 6 bed, 4 bath
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South Gate, California 90280
This Residential Income Asset is listed at $1,149,000, currently positioned above the $798,574 Fair Market Value. Marketed as an "investor special" with a Condition Rating of 5, the property offers significant Value-Add Potential through its permitted duplex status and a third unpermitted unit. The two separate 2-car garages provide a clear opportunity for ADU Expansion to drive future appreciation and rental income. Equipped with separate utility meters and located in the Los Angeles Unified district, this "as-is" sale is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8976 Mcnerney A-b Subject | $999,100* List Price | 6 | 4 | 2,648 | $365 | - |
A 10107 Otis Active | $999,999 List Price | 6 | 3 | 2,735 | $366 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 and marketed as an 'investor special,' the property shows significant deferred maintenance and dated interiors. Kitchens and bathrooms appear to be over 30 years old with original or aged cabinetry and tile. The presence of an unpermitted unit, 'as-is' sale status, and the need for gas service verification indicate the property requires a full rehab to address safety, compliance, and system updates.
The property features two permitted units plus a third unpermitted unit, offering exceptional flexibility for investors seeking multiple rental streams or multi-generational living.
With two separate 2-car garages and additional on-site parking, there is significant potential to convert existing structures into Accessory Dwelling Units (ADUs) to maximize property value.
Equipped with two separate water heaters and two meters, the property is well-configured for multi-unit management and reduced owner utility expenses.
The presence of an unpermitted third unit and the discrepancy between the title (SFR) and permitted use (Duplex) may complicate traditional financing and require city inspections.
Sold in 'as-is' condition with tenants currently negotiating 'cash for keys,' the buyer should anticipate potential renovation costs and the complexities of vacating the property.
Investor special with strong income and upside potential! This unique property is titled as a single-family residence but is a permitted duplex, offering exceptional flexibility and opportunity. Featuring two legal units plus a third unpermitted unit, each with its own separate entrance, this is an ideal setup for investors seeking rental income or multi-generational living options. The property includes two separate water heaters and two meters, with gas service to be verified. There are two 2-car garages, providing ample parking and exciting potential for ADU expansion (buyer to verify with city), along with additional on-site parking options. Property is listed at appraisal price so bring those offers. Being sold as-is. This is a fantastic value-add opportunity with significant upside. The city can provide permit confirmation pending a pre-sale inspection. Property is currently tenant-occupied; Property will be sold with tenants in place. Don’t miss this investor’s dream with multiple income streams and future development potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 2.5 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,648 | 1,623 |
| Lot Size | 5,854 | 6,001 |
| Price | $999.1K | $891.5K |
| Price per sq ft | $377 | $80.1K |
| Built year | 1940 | 1927 |
| HOA | $0 | $0 |
| Days on market | 146 | 74 |
Jul 22, 2026
$999,100
$1,050,000
-5% Price Drop
Initial Listing
May 16, 2026
$1,050,000
$1,149,000
-9% Price Drop
Initial Listing
Apr 20, 2026
$1,149,000
$1,149,999
+0% Price Increase
Initial Listing
Mar 26, 2026
$1,149,999
$1,199,000
-4% Price Drop
Initial Listing
Feb 26, 2026
$1,199,000
Initial Listing