9
See all 9 photos
$2,000,000
Est. payment /mo
5,315 SqFt
Active
3164 Cherokee Avenue South Gate, CA 90280
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,315 sqft
Price per Sqft $376
MLS Listing ID AR-25228041
Year Built 1946
Lot Size 0.266 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Discover this rare 8-unit apartment investment located in the heart of South Gate. Built in 1946, this well-maintained property offers 5,315 SF of rentable space on a 11,572 SF lot, providing a balanced mix of vintage charm and future upside potential, with potential for Seller Financing. This property is strategically positioned in a dense rental market, benefiting from strong tenant demand and historically low vacancy rates. With a competitive asking price, investors have the opportunity to secure stable in-place income with room to improve rents over time and drive future value. Whether you're a seasoned multifamily investor or a 1031 exchange buyer looking for a secure, income-producing asset, 3164 Cherokee Ave offers the ideal combination of cash flow, upside, and location.
Key Highlights:
Seller Financing Potential
Unit Mix: Four 2Bed+1Bath and Four 1Bed + 1Bath
Single Story Layout w/Potential For ADU(s)
Strong Cap Rate (Actual): 5.30% with +/-41.12% Rental Upside
No Municipal Rent Control (buyer to verify)
Key Highlights:
Seller Financing Potential
Unit Mix: Four 2Bed+1Bath and Four 1Bed + 1Bath
Single Story Layout w/Potential For ADU(s)
Strong Cap Rate (Actual): 5.30% with +/-41.12% Rental Upside
No Municipal Rent Control (buyer to verify)
Location
State CA
County Los Angeles
Interior
Laundry Gas & Electric Dryer Hookup
Exterior
Parking Features Assigned
Pool None
Community Features Curbs, Sidewalks, Street Lights
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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