11811 167th St - Apartments FOR SALE


Artesia, CA 90701
$1,100,000 USD
213-225-7223
11811 167th St, Artesia, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/9
null | 6.12% Cap Rate

11811 167th St
Artesia, CA 90701


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

6.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5-Units with Additional Land

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,813 SF

ZONING

ATM1

APN/PARCEL ID

7011-006-019,7011-006-020

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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