South Gate, CA 90280,3164 Cherokee Avenue
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South Gate, CA 90280,3164 Cherokee Avenue
South Gate, CA 90280,3164 Cherokee Avenue
South Gate, CA 90280,3164 Cherokee Avenue
South Gate, CA 90280,3164 Cherokee Avenue
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3164 Cherokee Avenue South Gate, CA 90280

5,315 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,315 sqft

Price per Sqft $376

MLS Listing ID CRAR25228041

HOA Y/N No

Year Built 1946

Lot Size 0.266 Acres

Acres 0.27

Property Sub-Type Other

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

Interior

Fireplace No

Laundry Gas Dryer Hookup, Other

Building

New Construction No

Others

Tax ID 6207024002


Bridge MLS
Listed by Matthew Guerra • KW Executive
Devin Ratoosh

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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3164 Cherokee Avenue