CA > South Gate
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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$2,000,000
Est. payment /mo
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3 Beds
0.27 Acres Lot
New

3164 Cherokee Avenue South Gate, CA 90280

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25228041

Bedrooms 3

Lot Size 0.266 Acres

Property Sub-Type Res Income 2-4 Units

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 youre 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

Zoning Assessor

Direction West of LB Blvd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 6207024002

MLS Router / San Diego MLS
Listed by Matthew Guerra KW Executive

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Kurt Wannebo

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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3164 Cherokee Avenue

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