11500-11506 186th St - Apartments FOR SALE


Artesia, CA 90701
$8,995,000 USD
714-713-9086
11500-11506 186th St, Artesia, CA for Sale
$8,995,000 USD
Apartments - FOR SALE
1/18
null | 4% Cap Rate

11500-11506 186th St
Artesia, CA 90701


HIGHLIGHTS

  • Below Market Rate Assumable Debt Available
  • Highly Desirable 2014 Construction | Attractive Mix of Spacious Townhome Floor Plans
  • Each Unit Features a Den, Garage Parking with Direct Access, a Private Sundeck, In-Unit Laundry Hookups, & Central Air
  • Within Walking Distance of Los Cerritos Center, a Super-Regional Mall Anchored by Nordstrom, Macy’s, Harkins Theatres, & More
  • Located in the Highly-Rated ABC Unified School District, an Attractive Draw for Potential Renters
  • Close Proximity to Interstate 605 & State Route 91, Connecting Residents to Major Employment Hubs Throughout Southern California

OVERVIEW

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 11500 - 11506 186th Street, a 12-unit multifamily investment property located in Artesia, a premier rental market in Los Angeles County, California. Built in 2014, the property offers an attractive unit mix consisting of 6, two-bedroom townhomes and 6, three-bedroom townhomes all of which feature a den. The property features a well-maintained exterior and offers highly desirable amenities including central A/C, private sundecks, direct-access garage parking, open parking, and in-unit laundry hookups. 11500 - 11506 186th Street is ideally located within walking distance of Los Cerritos Center, a super-regional mall that provides residents with convenient access to a plethora of shopping, dining, and entertainment options. The property also benefits from its inclusion in the ABC Unified School District, a prestigious school district that ranks highly nationally and holds an A+ grade from Niche.com. Additionally, 11500 - 11506 186th Street is located just blocks away from an International Cultural District, also known as “Little India,” which offers over 120 unique retailers and restaurants. Furthermore, the property is within half-a-mile of Interstate 605 and one mile of State Route 91, providing residents with convenient access to employment hubs throughout Los Angeles and Orange Counties. 11500 - 11506 186th Street is an outstanding opportunity for investors seeking newer construction in a vibrant Los Angeles County neighborhood. The property’s attractive exterior, premium amenities, and strong unit mix will be key drivers in the continued growth and success of the property. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

12

PRICE/UNIT

$749,583

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2014

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

ATA10000*

APN/PARCEL ID

7039-009-071

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.