Marcus & Millichap is pleased to present for sale a 9-unit multifamily complex with value-add potential located on the border of North Park and City Heights. Built in 1972, this property is situated on a 6,700 SF lot and offers approximately 6,052 rentable SF. 4074 Cherokee Avenue features (6) one-bedroom/one-bathroom units and (3) two-bedroom/one-bathroom units. Currently, each unit requires a full rehab to attract quality tenants and achieve market rents. Investors may also consider installing amenities such as A/C and laundry units to appeal to prospective tenants. Existing amenities include nine off-street parking spaces, private outdoor patios, and a shared laundry room. The building has already undergone major upgrades, including a new roof, rerouted plumbing lines, vinyl double-pane windows, resurfaced concrete, and updated electrical panels. Nestled in the “Wine Glass” area of mid-city, the property offers residents convenient access to an assortment of nearby shops, restaurants, and entertainment —all within walking distance. Its proximity to North Park, Balboa Park, and Downtown makes this location highly desirable for tenants seeking a walkable, centrally located neighborhood. This investment represents a unique opportunity to acquire an asset poised for appreciation in an area that is directly in the path of gentrification.