11811 167th St Save Request In-Person Tour Request Virtual Tour
Artesia,CA 90701
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,826 sqft
Price per Sqft $602
MLS Listing ID 24-450373
Bedrooms 3
Year Built 1948
Lot Size 10,813 Sqft
Acres 0.2482
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 Artesia
Zoning ATM1*
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Inclusions APN: 7011-006-020
Equipment None
Exterior
Parking Features Uncovered
Garage Spaces 10.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard