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$1,100,000

Est. payment - /mo

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3 BD

5 BA

1,826 SqFt

Active

11811 167th ST Artesia, CA 90701

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/16/2024 12:18 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,826 sqft

Price per Sqft $602

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. 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 Rc - Artesia

Zoning ATM1*

Interior

Heating Wall Furnace

Cooling None

Inclusions APN: 7011-006-020

Fireplace No

Exterior

Garage Uncovered

Parking Type 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

Listed by Casey Lins • Kidder Mathews of California, Inc.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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