11811 167th Street
Artesia, CA, 90701
$1,100,000
Beds
0 Baths
SqFt
0.25 Acres
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We are pleased to present this 5-unit apartment community located at 11811 167th St in Artesia. This opportunity is priced at a 5.61% CAP and a 11.02 GRM on current rents, with potential upside to a 8.21% CAP and a 8.41 GRM on pro-forma rents. There are 2 separate buildings located on the property, situated on a large 10,813 sf lot offering ample onsite parking as well as the potential addition for ground up ADUs. The unit mix consists of 1 three-bedroom unit and 4 Studio units, all of which have been renovated. This opportunity offers easy freeway access as it is situated just north of the 91 freeway and in close proximity to the 605 freeway. Local retailers and restaurants include Walgreens, 99 Ranch Market, Ozen Sushi, Three Amigos Mexican, El Cortez Meat Market, Surawon Korean BBQ and 808 Local Hawaiian Grill.

Property Details

Price:
$1,100,000
MLS #:
24450373
Status:
Active Under Contract
Baths:
0
Address:
11811 167th Street
Type:
Residential Income
Neighborhood:
rcartesia
City:
Artesia
Listed Date:
Oct 8, 2024
State:
CA
ZIP:
90701
Lot Size:
10,813 sqft / 0.25 acres (approx)
Year Built:
1948
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Parking Spots
10.00
Stories Total
1

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11811 167th Street
Artesia, CA