8976 Mcnerney A-B
South Gate, CA, 90280
$1,149,000
MLS: RS26041617
Beds
6
Baths
4
Sq Ft
2,648
Lot
0.13 ac
Year Built
1940
MLS #
RS26041617
Days on Market
53
Listed
Feb 26, 2026
Description
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!
Location
South Gate, Los Angeles County, CA 90280
Open on Google Maps ↗Listed by: Crystal Quinonez · Excellence RE Real Estate
Payment estimate
$8,281
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $114,900 · Loan: $1,034,100
- Principal & Interest
- $6,354
- Property tax (1.25%)
- $1,197
- Homeowners insurance
- $300
- Mortgage insurance
- $431
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this South Gate home with as little as 3.5% down using an FHA loan — roughly $40,215 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See South Gate, CA 90280 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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