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Listed by Matthew Guerra • KW Executive
$ 2,000,000
Est. payment /mo
Active
3164 3164 Cherokee AVE South Gate, CA 90280
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25228041
Year Built 1946
Lot Size 0.266 Acres
Source California Regional MLS
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)
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry 38
Exterior
Parking Features Assigned Spaces
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 6207024002
Special Listing Condition Not Applicable
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