8976 Mcnerney A-b, South Gate, California 90280, South Gate, 90280 - 6 bed, 4 bath
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South Gate, California 90280
This Value-Add Multi-Unit Asset is listed at $1,149,000, representing a high-density income play within the Los Angeles Unified district. While the current Fair Market Value is $781,877, the property offers significant upside through its Permitted Duplex status and a third unpermitted unit. With a Condition Rating of 5, the 6-Bedroom footprint and two detached 2-car garages provide a clear ADU Development Opportunity for forced appreciation. This is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to maximize rental yield in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8976 Mcnerney A-b Subject | $1,149,000* List Price | 6 | 4 | 2,648 | $295 | - |
A 10016 California Sold | $970,000 | 0 | 0 | 2,809 | $345 | 1.0 mi |
B 8954 S Gate Active | $864,900 List Price | 0 | 0 | 2,252 | $384 | 1.0 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 age with dated kitchens and bathrooms that appear to be over 30 years old. The 'as-is' sale status, presence of an unpermitted unit, and visible wear on interior finishes and older wall heating systems indicate the need for a comprehensive rehab.
The property features two permitted units plus a third unpermitted unit, providing immediate multiple income streams and high rental yield flexibility for investors.
Two separate 2-car garages offer significant potential for ADU conversion, allowing a buyer to further increase the property's density and long-term market value.
Boasting 6 bedrooms and 4 bathrooms across 2,648 square feet, the large footprint is ideal for multi-generational living or high-occupancy rental strategies in a high-demand area.
The presence of an unpermitted third unit and the discrepancy between the SFR title and duplex use may complicate traditional financing and require city-mandated remediation.
Built in 1940 and sold strictly as-is, the property likely requires significant modernization and repairs, necessitating additional upfront capital investment.
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. 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; tenants were given a 60-day notice as of 2/20/26. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 92% |
| Baths | 4.0 | 0.0 | 92% |
| Square foot | 2,648 | 1,315.5 | 75% |
| Lot Size | 5,854 | 4,999.5 | 67% |
| Price | $1.15M | $670.0K | 83% |
| Price per sq ft | $434 | $472 | 42% |
| Built year | 1940 | 1940 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 225 | 8% |
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