CA > South Gate
South Gate, CA 90280,3164 3164 Cherokee AVE
South Gate, CA 90280,3164 3164 Cherokee AVE
South Gate, CA 90280,3164 3164 Cherokee AVE
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$2,000,000
Est. payment /mo
0.27 Acres Lot
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UPDATED:

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

Read Less Info
CRMLS – RECore
Listed by Matthew Guerra KW Executive 909-997-9765
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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3164 3164 Cherokee AVE

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