11500 - 11506 186th Street is a 12-unit multifamily investment property located in Artesia, a premier rental market in Los Angeles County, California. Built in 2014, the property offers an attractive unit mix consisting of 6, two-bedroom townhomes and 6, three-bedroom townhomes all of which feature a den. The property features a well-maintained exterior and offers highly desirable amenities including central A/C, private sundecks, direct-access garage parking, open parking, and in-unit laundry hookups. 11500 - 11506 186th Street is ideally located within walking distance of Los Cerritos Center, a super-regional mall that provides residents with convenient access to a plethora of shopping, dining, and entertainment options. The property also benefits from its inclusion in the ABC Unified School District, a prestigious school district that ranks highly nationally and holds an A+ grade from Niche.com. Additionally, 11500 - 11506 186th Street is located just blocks away from an International Cultural District, also known as “Little India,” which offers over 120 unique retailers and restaurants. Furthermore, the property is within half-a-mile of Interstate 605 and one mile of State Route 91, providing residents with convenient access to employment hubs throughout Los Angeles and Orange Counties. 11500 - 11506 186th Street is an outstanding opportunity for investors seeking newer construction in a vibrant Los Angeles County neighborhood. The property’s attractive exterior, premium amenities, and strong unit mix will be key drivers in the continued growth and success of the property.
We are pleased to present this 5-unit apartment community located at 11811 167th St in Artesia. Delivered with 2 Units VACANT! This opportunity is priced at a 6.12% CAP and a 10.40 GRM on current rents, with potential upside to a 8.11% CAP and a 8.49 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.
Artesia is located in California. Artesia, California has a population of 16,390. Artesia is less family-centric than the surrounding county with 30.26% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Artesia, California is $83,321. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Artesia is 38.4 years.
The average high temperature in July is 80.7 degrees, with an average low temperature in January of 46.4 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
