3164 3164 Cherokee AVE Active Save Request In-Person Tour Request Virtual Tour
South Gate,CA 90280
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25228041
HOA Y/N No
Year Built 1946
Lot Size 0.266 Acres
Property Sub-Type Apartment
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
Fireplace No
Laundry Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Parking Features Assigned
Pool None
Community Features Curbs,Street Lights,Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6207024002
Energy Description 1.0
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,Owner Will Carry,Submit
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,Owner Will Carry,Submit
Special Listing Condition Standard