Artesia, CA 90701,11543 186th ST
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Artesia, CA 90701,11543 186th ST
Artesia, CA 90701,11543 186th ST
Artesia, CA 90701,11543 186th ST
Artesia, CA 90701,11543 186th ST

$2,080,000

Est. payment /mo

$2,300,000

9.6%
Est.Price: ?

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11543 186th ST Artesia, CA 90701

10 Beds

7 Baths

4,507 SqFt

SOLD DATE : 10/24/2022

Key Details

Sold Price $2,080,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,507 sqft

Price per Sqft $461

MLS Listing ID 22189023

Sold Date 10/24/22

Bedrooms 10

HOA Y/N No

Year Built 1962

Lot Size 0.491 Acres

Property Description

11543 186th Street is a value add 6-unit multifamily investment opportunity plus vacant land, located in the highly desirable rental market of Artesia. The building has an excellent unit mix of (1) three-bedroom, two bathroom unit, (2) two-bedroom, one bathroom units and (3) one-bedroom, one bathroom units. The property has a total of 4,507 rentable square feet with a lot size of 9,636 square feet. 4 of the 6 units will be delivered vacant at the close of escrow. The offering includes an adjacent 11,735 square foot vacant parcel zoned MR (Multiple Residential) which will allow for 4-6 units. Both lots combined total 21,371 square feet of prime Artesia multiple residential land. Within walking distance to the property is the Los Cerritos Center which offers premium stores, dining and entertainment. The property has been in the same family over 50 years and is an outstanding investment opportunity because of its great location, substantial amount of rental upside and development potential. Buyer to verify with city and assumes all responsibility.

Location

State CA

County Los Angeles

Area Rc - Artesia

Zoning ATMRV*

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Door-Single, Driveway, Garage

Total Parking Spaces 6

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 7039025001

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nicholas Petrosian • Remax Commercial and Investment Realty
Bought with Kevin Lee • Coldwell Banker Alliance
agent

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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