CA > Artesia
Artesia, CA 90701,11811 167th St
Artesia, CA 90701,11811 167th St
Artesia, CA 90701,11811 167th St
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,100,000
Est. payment /mo
3 Beds
5 Baths
1,826 SqFt
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UPDATED:

11/04/2024 04:20 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

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

Garage Uncovered

Garage Spaces 10.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Kidder Mathews of California, Inc.

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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