11811 167th St Artesia, CA 90701-1818
Property profile & analytics
11811 167th St Artesia, CA 90701-1818
- Apartment buildings
- 1,826 SF
- 0.19 lot acres
Property ID
US09-8376649
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 11811 167th St
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.19 lot acres
- Property size
- 1,826 SF
- Zone code
- ATM1*
- Property type
- Apartment buildings
- APN
- 7011-006-019
- APU
- 7011006019
Description
This exceptional 5-unit apartment building presents a compelling value-add opportunity in Artesia, California. Situated on a substantial 10,813 square foot lot, the property comprises two single-story buildings totaling 1,826 square feet of net rentable space. Currently boasting 100% occupancy, the property features a mix of unit types: one three-bedroom unit and four studio units, all recently renovated. The current Net Operating Income (NOI) stands at $61,758, yielding a 5.61% capitalization rate. However, a pro-forma analysis projects a significant increase in NOI to $90,332, resulting in an attractive 8.21% pro-forma cap rate. The asking price is $1,100,000, translating to $220,000 per unit and $602.41 per square foot. Built in 1948, the property is zoned ATM1, offering potential for future development, including the possibility of adding Accessory Dwelling Units (ADUs). The property's convenient location near the 91 and 605 freeways provides easy access to major transportation arteries, while nearby amenities include Walgreens, 99 Ranch Market, and various restaurants. This investment offers a strong current return with substantial upside potential through increased rents and potential ADU development. The ample lot size provides significant onsite parking. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location with significant growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Artesia
- County
- Los Angeles
- State
- California
- Longitude
- -118.082
- Latitude
- 33.8791
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,211
$375,269
$198,356
$573,625
-
$0.00
$0.00
$0.00
