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Sold on 01/15/2026
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3164 Cherokee Ave, South Gate, CA 90280

$1,750,000

Last sold 01/15/2026 after 108 Days

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    bed

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    bath

Multi-family not for sale
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About 3164 Cherokee Ave

Property type Multi-family
Year built 1946
HOA fee $0/month
Lot size 0.27 Acre
Rental estimate
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)
Listed by
Listing Agent - Matthew Guerra
Listing Agent Contact: 909-997-9765
Listing Office - KW Executive
Source: CRMLS mls logo
MLS#AR25228041 • last updated 9 months ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.2657
Lot Size (SqFt) 11575
Year Built 1946
Interior
Laundry Gas & Electric Dryer Hookup
Exterior
Building Area Square Feet, 5315
Parking Assigned
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Sidewalks, Street Lights
Directions West Of LB Blvd
APN 6207024002
Multifamily Details
Vacancy Allowance 4562
Expense: Trash 1
Operating Expense 41790
Cap Rate 5.3
Expense: Insurance 1
Total Expenses 41790
Expense: Water/ Sewer 1
Gross Income 12472
Expense: Electric 1
Gross Multiplier 13.56
Gross Scheduled Income 152064
Expense: Fuel 1
Rental est.: $1,911/month
Gross rent multiplier: 76.3
  • Jan 2026
    mls logo MLS # AR25228041
  • Jan 15, 2026 Sold
    $1,750,000
  • Sep 29, 2025 Listed
    $2,000,000 (+139.5%)
  • Jan 2026
    Public Records
  • Jan 7, 2026 Sold
    $1,750,000 (-12.5%)
  • Aug 2015
    Public Records
  • Aug 31, 2015 Sold
    $835,000 (+263.0%)
  • Feb 2001
    Public Records
  • Feb 16, 2001 Sold
    $230,000
  • Year Property taxes Tax assessment
  • 2025
    $14,411 +3.5%
    $989,494 +2.0%
  • 2024
    $13,920 +1.7%
    $970,114
  • 2023
    $13,692 +4.6%
    $970,114 +2.0%
  • 2022
    $13,085 +1.3%
    $951,113 +4.04%
  • 2021
    $12,918 -0.7%
    $914,222 +1.03%
  • 2020
    $13,010 +6.5%
    $904,860 +4.04%
  • 2018
    $12,220
    $869,764
  • 3164 Cherokee Ave
    $1.75M
  • —
  • 90280
    $640K -4% y/y
  • South Gate
    $644K -3% y/y
No chart available
Statistics calculated by Movoto

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3/10
Southeast Middle School
public Grades 6-8
Los Angeles Unified School District
5/10
South Gate Middle School
public Grades 6-8
Los Angeles Unified School District
4/10
South East High School
public Grades 9-12
Los Angeles Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/31/2026. 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.
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