11811 167th Street

Artesia, CA 90701

$1,100,000
Price
3
Beds
5
Baths
1,826 Sq. Ft.
$602 / Sq. Ft.
1,826
Sq. Ft.
$602
per Sq. Ft.

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...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.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 11811 167th Street

Zoning
ATM1*
Parcel Number
7011006019
Total Units
5.0
Living Area
1826
Source Living Area
Assessor
Area
Artesia (RC)
Vacancy Rate
0
Lot Size Area
10813
LISTING UPDATED: 11/04/2024 09:20 AM

Property Details for 11811 167th Street

StatusActive
MLS #24-450373
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.25 AC / 10,813 SF
CountyLos Angeles County

Building Information for 11811 167th Street

Stories1Residences-Year Built1948Building Size-Lot Size0.25 AC / 10,813 SF

Property Information for 11811 167th Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $96,798
  • Net Operating Income: $61,758.00
  • Gross Income: $99,792
  • Gross Rent Multiplier: $11.02
  • Total Annual Expense: 35040
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.2482
  • Lot Size Square Feet: 10813
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 10
  • Open Other Spaces Total: 10
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-08-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,188.00
  • Unit Actual Rent: $1,188.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,888.00
  • Unit Actual Rent: $2,888.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,130.00
  • Unit Actual Rent: $1,130.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,400.00
  • Unit Actual Rent: $1,400.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,710.00
  • Unit Actual Rent: $1,710.00
  • Unit Projected Rent: $1,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $194,467.00
  • Assessed Improvement Percent: 34.58
  • Assessed Land Value: $367,911.00
  • Assessed Land Percent: 65.42
  • Assessed Total Value: $562,378.00

Property History for 11811 167th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11811 167th Street

Taxable ValueLand$375,269Additions$198,356Total$573,625
Tax Record2024$8,211 ($684 / month)
Home Facts
Total Finished SqFt1,826 SqFtAbove Grade Finished SqFt1,826 SqFtLot Size8,232 SqFtStyleMulti-Family Res (5+ Units)Year Built1948ZoningATM1*CountyLOS ANGELESAPN7011-006-019

Schools near 11811 167th Street

This home is within Abc Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Niemes (John H.) Elementary School
PublicK to 6

Ross (Faye) Middle School
Public7 to 8

Gahr (Richard) High School
Public9 to 12

ABC Virtual Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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11811 167th Street is a multi-family home for sale in Artesia, CA 90701. This property was listed for sale on October 8, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,100,000. It has been on the market for a total of 47 days and was last sold on October 11, 2019. This listing's school district is Abc Unified School District. Nearby schools include Niemes (John H.) Elementary School, Ross (Faye) Middle School and Gahr (Richard) High School. 11811 167th Street is a 3-bed, 5-bath, 1,826 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.