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Two side-by-side parcels for sale together. 9222 California Ave 12 Unit Apartment Building $2,060,580 CAD ($171,715 CAD/Unit) 5.07% Cap Rate South Gate, CA 90280
Investment Highlights
- Trust Sale, subject to Court confirmation and over-bidding in Court
- 12-unit apartment building
- Prime South Gate location with excellent visibility and access to I-710, shopping, dining, and schools.
- For Sale AFTER 56 years!
- Ideal for investors, developers, or owner-users seeking a value-add opportunity.
Executive Summary
Trust Sale, subject to Court confirmation and over-bidding in Court. at the Superior Court of California, County of Los Angeles. Sale confirmation is scheduled for Fri., Mar 27, 2026, at 8:30 am in Dept. 9 at Central Court located at 111 North Hill St., Los Angeles, CA 90012. Asking price is the 1st minimum overbid amount for both parcels. All interested over-bidders must be present in the Court with a cashier's check for at least 10% of the minimum overbid amount (=$203,225.00), payable to "The Hernandez Family Trust". For Sale AFTER 56 years! Two side-by-side parcels for sale together. An office building located at 9212 California Ave (MLS#25599609), currently vacant and will be delivered vacant at close of escrow, listed for sale at $300,000, and a 12-unit apartment building at 9222 California Ave. (MLS#25599499), listed separately for $1,500,000. Total combined list price is $1,800,000. Both properties MUST be sold together, and will be subject to overbid in Court together. The 12-unit apartment building consists of 12 x 1 bed 1 bath unit. Existing building is approx. 5,148 SF on approx. 4,164 SF lot, zoned SGCR. 100% leased and separately metered for both gas and electricity. Shared driveway and parking. Minutes away from shopping centers, dining options, schools, entertainment, public transportation, and I-710. Sold AS IS and WHERE IS with all faults, and without warranty, express or implied and with current tenants in place. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
Please Do Not Disturb Tenant(s). Call to Schedule a Showing! Please email sales@iagpm.com with your interest in the meantime.
Please Do Not Disturb Tenant(s). Call to Schedule a Showing! Please email sales@iagpm.com with your interest in the meantime.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$215,984
|
$41.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$215,984
|
$41.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$79,898
|
$15.52
|
| Net Operating Income |
$136,086
|
$26.43
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $215,984 |
| Annual Per SF | $41.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $215,984 |
| Annual Per SF | $41.95 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $79,898 |
| Annual Per SF | $15.52 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $136,086 |
| Annual Per SF | $26.43 |
Property Facts
| Price | $2,060,580 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $171,715 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.07% | Building Size | 5,148 SF |
| Gross Rent Multiplier | 11.44 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | SGCR* - Special Purpose – City and Regional Infrastructure | ||
| Price | $2,060,580 CAD |
| Price Per Unit | $171,715 CAD |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| Gross Rent Multiplier | 11.44 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,148 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | SGCR* - Special Purpose – City and Regional Infrastructure |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 6209-019-033 | Improvements Assessment | $858,940 CAD |
| Land Assessment | $2,466,555 CAD | Total Assessment | $3,325,496 CAD |
Property Taxes
Parcel Number
6209-019-033
Land Assessment
$2,466,555 CAD
Improvements Assessment
$858,940 CAD
Total Assessment
$3,325,496 CAD
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Two side-by-side parcels for sale together. | 9222 California Ave
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