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
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
See this Listing
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Uncovered
Parking Spots
10.00
Stories Total
1
Financial
Map
Community
- Address11811 167th Street Artesia CA
- AreaRC – Artesia
- CityArtesia
- CountyLos Angeles
- Zip Code90701
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Courtesy of Kidder Mathews of California, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
11811 167th Street
Artesia, CA
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