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Seller Financing 8-unit , Single Story Layout 3164 Cherokee Ave 8 Unit Apartment Building $2,000,000 ($250,000/Unit) 6.15% Cap Rate South Gate, CA 90280
INVESTMENT HIGHLIGHTS
- Seller Financing Potential
- Single Story Layout w/Potential For ADU(s)
- Strong Cap Rate (Actual): 6.15% with +/-36.93% Rental Upside
- Unit Mix: Two(2) 3Bed+1Bath, Two(2) 2Bed+1Bath and Four(4) 1Bed + 1Bath
- No Municipal Rent Control (buyer to verify)
- Excellent Rental Demand Area
EXECUTIVE SUMMARY
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)
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)
PROPERTY FACTS
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 6.15% | Building Size | 5,315 SF |
| Gross Rent Multiplier | 12.08 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | ||
| Zoning | SGR3YY - restricted Density Multiple Dwelling | ||
| Price | $2,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Gross Rent Multiplier | 12.08 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 5,315 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1946 |
| Zoning | SGR3YY - restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $1.00 | - |
| 2+1 | 2 | $1.00 | - |
| 1+1 | 4 | $1.00 | - |
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 6207-024-002 | Improvements Assessment | $396,568 |
| Land Assessment | $591,896 | Total Assessment | $988,464 |
PROPERTY TAXES
Parcel Number
6207-024-002
Land Assessment
$591,896
Improvements Assessment
$396,568
Total Assessment
$988,464
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Seller Financing 8-unit , Single Story Layout | 3164 Cherokee Ave
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