3164 Cherokee Ave | South Gate, CA 90280
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- LoopNet Team
3164 Cherokee Ave
South Gate, CA 90280
Seller Financing 8-unit , Single Story Layout · Multifamily Property For Sale
·
8 Units
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
Property Facts
| No. Units | 8 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 5,315 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1946 |
| Zoning | SGR3YY - restricted Density Multiple Dwelling | ||
| 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 | - |
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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