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11811 167th Street

Artesia, CA 90701
  • $1,100,000
  • STATUS: Pending
  • ON SITE: 124 Days
  • ID#: 24450373
Pending
UPDATED: 61 min ago
$1,100,000
  • 3
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,600
    SQFT
  • $423
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:
Area:

School Ratings & Info

Listing Agent(s): Casey Lins of Kidder Mathews of California, Inc. (858-369-3010)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-10T09:33:51.43. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/156510711
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11811 167th Street Artesia, CA 90701

  • Price: $1,100,000
  • Status: Pending
  • On Site: 124 Days
  • Updated: 61 min ago
  • ID#: 24450373
3
Beds
0
Baths
0
½ Baths
0.25
Acres
2,600
SQFT
$423
$/SQFT
1948
Built
Neighborhood:
RC - Artesia
County:
Los Angeles
Area:
RC - Artesia
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.
Exterior Features

Open Parking Spaces 10 Parking Features Uncovered Parking Total 10

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Association YN No Cap Rate 6.12 Gross Income 105816 Inclusions APN: 7011-006-020 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 67309 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning ATM1*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-10T09:33:51.43. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Casey Lins of Kidder Mathews of California, Inc. (858-369-3010)