Renovated Duplex with Separate
For Sale
$665,000
16644 Pioneer, Artesia, CA 90701
Charming duplex with two one-bedroom, one-bath units, each with a separate one-car garage.
Property Size1,134 SF
Days on Market44
Property Features for 16644 Pioneer
General Information
Standard status
Active
Size
1,134 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Multifamily Units
2
Building Details
Building Size
1,134 SF
Year Built
1955
Units
2
Listing Agency:
Century 21 Union Realty
Listed By:
Mohamed Asif Dastagir · License #01390231
(310) 371-6330
Source:
Elliman
Added: Jul 24
Changed: Aug 28
Last Checked: Sep 4 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Union Realty
Investment Insights
Based on property information with market context.
This duplex offers two one-bedroom, one-bath units, with each unit having its own one-car garage. One unit has been thoroughly renovated with brand new kitchen countertops, modern cabinets, updated flooring, and fresh interior paint.
The property is located in Artesia, CA 90701. Bike, walk, and transit scores are reported as 60, 54, and 40, respectively.
As currently presented, the renovated unit supports immediate occupancy, while the second unit can provide an additional rental option within a duplex configuration.
The property is located in Artesia, CA 90701. Bike, walk, and transit scores are reported as 60, 54, and 40, respectively.
As currently presented, the renovated unit supports immediate occupancy, while the second unit can provide an additional rental option within a duplex configuration.
Key Highlights
- Duplex built in 1955 with two units, each featuring 1 bedroom and 1 bathroom
- Each unit includes a separate 1‑car garage
- One unit has been renovated with brand new kitchen countertops and modern cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,804
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,080
$396.1K
Cap Rate 7%
$282,914
$282.9K
Cap Rate 9%
$220,044
$220.0K
Market Conditions
NOI Build-Up for 1,134 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.6K $27.00/SF
− Vacancy
−$2.3K −$2.05/SF
EGI
$28.3K $24.95/SF
− OpEx
−$8.5K −$7.48/SF
NOI
$19.8K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,080
Cap Rate 7%
$282,914
Cap Rate 9%
$220,044
Alternative Uses
Best Use
Multifamily LT 5
$282.9K
$247.6K – $330.1K
NOI $19,804 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$260.7K
$228.1K – $304.1K
NOI $18,247 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$607.1K
$531.3K – $708.3K
NOI $42,500 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
Explore this area
Business Placement
Demographics for 90701, CA
16,434
Population
4,657
Households
3.5
Avg Household Size
41
Median Age
32%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
10,271
Density / Sq Mi
$97,712
Median Household Income
$37,448
Median Earnings
$2,276
Median Rent
$763,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Charming duplex with two one-bedroom, one-bath units, each with a separate one-car garage.
Where is this duplex located?
The property is located at 16644 Pioneer Artesia, CA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Duplex built in 1955 with two units, each featuring 1 bedroom and 1 bathroom; Each unit includes a separate 1‑car garage; One unit has been renovated with brand new kitchen countertops and modern cabinets
