8994 McNerney Ave
South Gate, CA 90280
- Studio
- 2,065 sqft
Studio
2,065 sqft
Local Information
-- mins to
Description
Check out this fully renovated and vacant quadruplex perfect for an investor or for an owner-user! This property provides a great investment opportunity with a potential 5.5% cap rate and 12.9 GRM. You could also live in one unit and rent out the other three units. This property is beautifully remodeled with permits and is like new from top to bottom, including a brand-new roof, windows, copper plumbing, HVAC, and electrical systems. There are 4 roomy and spacious one-bedroom units, each with their own interior laundry hookups. The sunny and bright kitchens are elegantly remodeled with quartz countertops and designer cabinets. Don?t miss the renovated bathrooms with modern finishes, ceiling fans, recessed lighting, lovely laminate floors, and brand-new water heaters. This is your opportunity to own an investment property that can obtain premium rents in this up and coming South Gate location. The price and terms for this building can?t be beat!
8994 McNerney Ave, South Gate, CA 90280 is a studio, 2,065 sqft multi-family built in 1948. It last sold for $1,185,000 on Jan 26, 2024. More recently, it was listed as a rental in December 2019 with an asking price of $1,295 per month. That rental listing was removed on December 26, 2019. It is currently off market. The Trulia Estimate is $1,092,200, with a rent estimate of $2,845/month.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 8994 McNerney Ave
|
|---|
Heating & Cooling Heating: Wall, Electric, GasHeating Fuel: Wall |
Levels, Entrance, & Accessibility Floors: Laminate |
|
|---|
Year Built Year Built: 1948 |
Property Type / Style Property Type: Multi Family |
|
|---|
Units in Building: 4 |
|
|---|
Lot Area: 3902 sqft |
Price History for 8994 McNerney Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 01/26/2024 | $1,185,000 | Sold | N/A |
| 01/04/2024 | $1,195,000 | Contingent | CLAW #23-338290 |
| 12/08/2023 | $1,195,000 | Listed For Sale | CLAW #23-338290 |
| 12/07/2023 | ListingRemoved | CLAW #23-326821 | |
| 10/30/2023 | $1,195,000 | Listed For Sale | CLAW #23-326821 |
| 10/26/2023 | ListingRemoved | CLAW #23-311053 | |
| 09/13/2023 | $1,195,000 | Listed For Sale | CLAW #23-311053 |
| 09/12/2023 | ListingRemoved | CLAW #23-276527 | |
| 06/02/2023 | $1,195,000 | Listed For Sale | CLAW #23-276527 |
| 06/02/2023 | ListingRemoved | CLAW #23-254139 | |
| 04/07/2023 | $1,195,000 | PendingToActive | CLAW #23-254139 |
| 04/05/2023 | $1,195,000 | Contingent | CLAW #23-254139 |
| 03/24/2023 | $1,195,000 | Listed For Sale | CLAW #23-254139 |
| 09/10/2020 | $999,000 | ListingRemoved | Agent Provided |
| 08/18/2020 | $999,000 | PriceChange | Agent Provided |
| 07/31/2020 | $1,025,000 | PriceChange | Agent Provided |
| 06/28/2020 | $1,045,000 | Listed For Sale | Agent Provided |
| 12/26/2019 | $1,595 | ListingRemoved | Agent Provided |
| 12/25/2019 | $1,595 | PriceChange | Agent Provided |
| 12/12/2019 | $1,295 | Listed For Rent | Agent Provided |
| 11/22/2019 | $470,000 | Sold | CRMLS #DW19241042 |
| 11/16/2019 | $470,000 | Pending | Agent Provided |
| 11/13/2019 | $470,000 | PendingToActive | Agent Provided |
| 10/11/2019 | $470,000 | Pending | Agent Provided |
| 10/11/2019 | $470,000 | PendingToActive | Agent Provided |
| 10/11/2019 | $470,000 | Pending | Agent Provided |
Market trends in South Gate
Last updated June 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
34
5MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $15,322 |
| Assessment | $1,208,700 |
Home facts updated by county records
Comparable Sales for 8994 McNerney Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.09 | Multi-Family Home | $765,000 | 01/27/26 | 3 | 2 | 1,661 | |
0.23 | Multi-Family Home | $1,190,000 | 06/30/26 | 8 | 4 | 3,016 | |
0.37 | Multi-Family Home | $655,000 | 12/19/25 | 4 | 3 | 1,656 | |
0.35 | Multi-Family Home | $942,000 | 09/23/25 | 4 | 3 | 1,735 | |
0.33 | Multi-Family Home | $660,000 | 02/27/26 | 6 | - | 1,417 | |
0.38 | Multi-Family Home | $550,000 | 04/30/26 | 2 | 2 | 1,021 | |
0.58 | Multi-Family Home | $1,000,000 | 09/11/25 | 8 | 5 | 3,950 | |
0.63 | Multi-Family Home | $1,612,500 | 04/28/26 | 12 | 12 | 5,148 | |
0.58 | Multi-Family Home | $560,000 | 04/16/26 | 2 | 2 | 1,414 | |
0.87 | Multi-Family Home | $1,122,500 | 10/17/25 | 6 | 4 | 2,468 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 8994 McNerney Ave.
What Locals Say about South Gate
At least 704 Trulia users voted on each feature.
93 % Say there are sidewalks
79 % Say it's dog friendly
78 % Say it's walkable to grocery stores
77 % Say yards are well-kept
71 % Say it's walkable to restaurants
70 % Say there's holiday spirit
68 % Say car is needed
63 % Say streets are well-lit
56 % Say kids play outside
53 % Say they plan to stay for at least 5 years
51 % Say people would walk alone at night
46 % Say it's quiet
45 % Say neighbors are friendly
30 % Say parking is easy
26 % Say there's wildlife
25 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

