5-Units with Additional Land | 11811 167th St
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5-Units with Additional Land 11811 167th St
5 Unit Apartment Building $1,100,000 ($220,000/Unit) 5.61% Cap Rate Artesia, CA 90701
Executive Summary
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.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
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.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information.
Property Facts
| Price | $1,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $220,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 5.61% | Building Size | 2,600 SF |
| Gross Rent Multiplier | 11.02 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 5.48/1,000 SF |
| Price | $1,100,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 11.02 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 2,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 5.48/1,000 SF |
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,420 | - |
| 3+1 | 1 | $2,888 | - |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $198,356 | |
| Land Assessment | $503,931 | Total Assessment | $702,287 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$503,931
Improvements Assessment
$198,356
Total Assessment
$702,287
zoning
| Zoning Code | ATM1 |
| ATM1 |
-
Casey Lins -
Kidder Mathews
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5-Units with Additional Land | 11811 167th St
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