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9421 Dearborn, South Gate, California 90280, South Gate, 90280 - bed, bath

9421 Dearborn, South Gate, California 90280 home-pic-0
ACTIVE$1,400,000
9421 Dearborn, South Gate, California 90280
0Bed
0Bath
3,968Sqft
8,329Lot
Year Built
1953
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$353
HOA
-
Days on market
-
Sold On
-
MLS number
DW25266774
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(92th), sqft - 3968(85th), beds - undefined(50th), baths - undefined(50th).

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.

Nearby schools

7/10
Victoria Avenue Elementary School
Public,•K-5•0.2mi
5/10
Madison Elementary School
Public,•K-5•0.3mi
6/10
Montara Avenue Elementary School
Public,•K-6•0.5mi
4/10
Stanford Avenue Elementary School
Public,•K-5•0.5mi
4/10
San Gabriel Avenue Elementary School
Public,•K-5•0.6mi
4/10
San Miguel Elementary School
Public,•K-5•0.7mi
7/10
Willow Elementary
Public,•K-5•0.7mi
5/10
Independence Elementary School
Public,•K-5•0.7mi
4/10
State Street Elementary School
Public,•K-5•1.0mi
4/10
Liberty Boulevard Elementary School
Public,•K-5•1.0mi
7/10
Bryson Avenue Elementary School
Public,•K-5•1.1mi
6/10
Thurgood Marshall Elementary School
Public,•K-5•1.2mi
3/10
Roosevelt Elementary School
Public,•K-6•1.2mi
5/10
Tweedy Elementary School
Public,•K-5•1.7mi
4/10
Lugo Elementary School
Public,•K-6•1.9mi
5/10
South Gate Middle School
Public,•6-8•0.8mi
2/10
Southeast Middle School
Public,•6-8•0.8mi
2/10
Cesar Chavez Middle School
Public,•6-8•1.0mi
2/10
Hosler Middle School
Public,•7-8•1.6mi
5/10
Walnut Park Middle B Science, Technology, Engineering And Mathematics Academy
Public,•6-8•1.9mi
6/10
South Gate Senior High School
Public,•9-12•0.4mi
6/10
South East High School
Public,•9-12•0.7mi
4/10
Lynwood High School
Public,•9-12•1.7mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•1.9mi

Price History

Date
Event
Price
11/26/25
Listing
$1,400,000
02/10/05
Sold
$600,000
Condition Rating
Fair
The property, built in 1953, shows evidence of recent cosmetic updates in some units, particularly the kitchens with modern appliances, updated cabinets, and solid surface countertops in one unit, and newer grey cabinets and stainless steel appliances in another. Flooring throughout the visible areas is a mix of well-maintained hardwood and wood-look laminate. However, the overall age of the property (71 years old) suggests that major systems (plumbing, electrical, HVAC) are likely older and may require future capital expenditures, as indicated by the listing's own 'Age of Property' weakness. The living room's wood paneling and beamed ceiling, while maintained, reflect an older style. No bathroom images were provided for assessment. While some areas are updated and move-in ready, the underlying age and potential for outdated major components across a multi-unit property prevent it from achieving a 'Good' rating.
Pros & Cons

Pros

High Income & Cap Rate Potential: The property offers an above-average estimated 8.7% gross cap rate and strong in-place income with significant upside potential through market rent adjustments.
Vacant Unit for Immediate Value Add: The owner's unit will be delivered vacant, allowing a new owner to immediately reset rent to market rates (estimated $3,200/month) or for owner-occupancy.
Rent Growth Opportunity: Existing units present a clear path to increase cash flow with an estimated 8%-10% rent increase potential, enhancing future profitability.
Strategic Location & Amenities: Located in a high-demand South Gate rental market on an oversized corner lot, with convenient access to major freeways (710 & 105), South Gate Park, and Azalea Shopping Center.
Flexible Investment Profile: The asset is suitable for diverse investment strategies, including 1031 exchange buyers, buy-and-hold investors, or owner-users looking to house-hack and benefit from long-term appreciation.

Cons

Unverified Unit Configuration & Permitting Risk: Advertised as a quadruplex operating as a 6-unit property, this discrepancy strongly suggests unpermitted units, requiring thorough buyer verification and posing potential legal and financial risks.
Age of Property: Built in 1953, the property is over 70 years old, which may imply higher ongoing maintenance costs, potential for outdated systems, and the need for future capital expenditures.
Extensive Buyer Due Diligence Required: The listing explicitly states that the buyer must verify all income, rents, unit configuration, and permits, indicating potential complexities and shifting the burden of discovery onto the buyer.

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