3164 3164 Cherokee Avenue, South Gate, CA 90280
- $1,750,000
- Sold Price
- $1,750,000
- List Price
- $2,000,000
- Closing Date
- Jan 15, 2026
- Status
- CLOSED
- MLS#
- AR25228041
- Year Built
- 1946
- Lot Size
- 11,575
- Acres
- 0.27
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 94
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
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)
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $152,064
- Operating Expense
- 41790
Listing courtesy of Listing Agent: Matthew Guerra (matthew.guerra@principlequalityinvestments.com) from Listing Office: KW Executive.
Listing sold by NONE NONE from None MRML
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.