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)
Sold for $1,750,000
Listing Provided by: KW Executive
Bought with: None MRML
$1,750,000
3164 Cherokee Ave, South Gate, CA 90280
12beds
8baths
5,315sqft
Multi Family
Built in 1946
-- sqft lot
$-- Zestimate®
$329/sqft
$2,286 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,286/mo
Zestimate® history
Owner options
List your home for rent
$2,286/mo
Rent Zestimate®
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$2,286/mo
Rent Zestimate®
Refinance and save
$11,172/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$11,172/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Matthew Guerra DRE #02022646 909-997-9765,
KW Executive
Bought with:
NONE NONE, DRE #N/A
None MRML
Source: CRMLS,MLS#: AR25228041
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Appliances
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,315
- Total interior livable area: 5,315 sqft
Property
Parking
- Parking features: Assigned
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 0.27 Acres
- Features: 6-10 Units/Acre
Details
- Parcel number: 6207024002
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Street Lights, Sidewalks
Location
- Region: South Gate
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,Owner Will Carry,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2026 | Sold | $1,750,000-12.5%$329/sqft |
Source:  CRMLS #AR25228041 Report a problem | ||
| 9/30/2025 | Listed for sale | $2,000,000+139.5%$376/sqft |
Source: CRMLS #AR25228041 Report a problem | ||
| 8/31/2015 | Sold | $835,000+263%$157/sqft |
Source: Public Record Report a problem | ||
| 2/16/2001 | Sold | $230,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,411 +3.5% | $989,494 +2% |
| 2024 | $13,920 +1.7% | $970,114 +2% |
| 2023 | $13,692 +4.6% | $951,113 +2% |
| 2022 | $13,085 +1.3% | $932,485 +2% |
| 2021 | $12,918 -0.7% | $914,222 +1% |
| 2020 | $13,010 | $904,860 +2% |
| 2019 | $13,010 +6.5% | $887,138 +2% |
| 2018 | $12,220 | $869,764 +2.1% |
| 2017 | $12,220 +2.4% | $851,700 +2% |
| 2016 | $11,933 +2.7% | $835,000 +54.4% |
| 2015 | $11,620 +42.2% | $540,834 +2% |
| 2014 | $8,172 | $530,241 +4.5% |
| 2011 | -- | $507,350 +0.8% |
| 2010 | -- | $503,559 +1.8% |
| 2008 | -- | $494,860 +4% |
| 2006 | -- | $475,646 |
| 2005 | -- | $475,646 +4% |
| 2004 | -- | $457,178 +1.9% |
| 2003 | -- | $448,800 +28.2% |
| 2000 | -- | $350,000 |
Find assessor info on the county website
Neighborhood: 90280
Nearby schools
GreatSchools rating
- 6/10Montara Avenue Elementary SchoolGrades: K-6Distance: 0.3 mi
- 3/10Southeast Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10South East High SchoolGrades: 9-12Distance: 0.5 mi
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- California
- Los Angeles County
- South Gate
- 90280
- 3164 Cherokee Ave
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