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$1,100,000
Est. payment /mo
3 Beds
5 Baths
2,600 SqFt
UPDATED:
12/19/2024 05:15 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $423
MLS Listing ID 24450373
Bedrooms 3
HOA Y/N No
Year Built 1948
Lot Size 10,811 Sqft
Property Description
We are pleased to present this 5-unit apartment community located at 11811 167th St in Artesia. Delivered with 2 Units VACANT! This opportunity is priced at a 6.12% CAP and a 10.40 GRM on current rents, with potential upside to a 8.11% CAP and a 8.49 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.
Location
State CA
County Los Angeles
Area Rc - Artesia
Zoning ATM1*
Interior
Heating Wall Furnace
Cooling None
Inclusions APN: 7011-006-020
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 10
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7011006019
Special Listing Condition Standard
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Listed by Casey Lins • Kidder Mathews of California, Inc.