3164 Cherokee Avenue

South Gate CA 90280

11575 sq. ft.

Multi-Family

Last sold for $1,750,000

Matthew Guerra, last sold this property on 15 January 2026 after -1 days on market.

Overview

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 youre 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)

Features

3 bedrooms

2 bathrooms

11575 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 3 bedroom multi families sold in South Gate over the last 12 months, the estimated median property value of 3164 Cherokee Avenue is $853k.

Median value

$853k

Estimated value range

$660k - $1.75m

Median days on market

Estimated value trend

decrease over the last 12 months

Average days on market is based on recent, comparable sales in South Gate. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3164 Cherokee Avenue

2026

Sold

$1,750,000

15 Jan 2026 by Matthew Guerra, of Keller Williams Realty

Happy sellers in South Gate

We have insufficient information to provide an overview of customer satisfaction for South Gate. Viewing the agent profiles, reviews and sales for South Gate can provide insights for this location.