$ 1,100,000
11811 167th Street Artesia, CA 90701
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$ 1,100,000
Est. payment | /mo
1,826 SqFt
$ 1,100,000
Est. payment | /mo
1,826 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 1,826 sqft
Price per Sqft $602
MLS Listing ID CL24450373
HOA Y/N No
Year Built 1948
Lot Size 10,813 Sqft
Acres 0.25
Property Description
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.
Location
State CA
County Los Angeles
Area Listing
Zoning ATM1
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Type Other, Uncovered Parking Space
Building
New Construction No
Others
Tax ID 7011006019
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Casey Lins • Kidder Mathews of California, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "