$10,975,000
$10,975,000
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1.07 Acres Lot
SOLD DATE : 06/03/2022
Key Details
Sold Price $10,975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22030443
Sold Date 06/03/22
HOA Y/N No
Year Built 1973
Lot Size 1.070 Acres
Property Description
**Call for Offers: February 25th, 2022 at 5 PM PST**
11562 186th Street is a 29-unit multifamily investment property located in Artesia, a premier rental market in Los Angeles County. Built in 1973, 11562 186th Street consists of one and two-bedroom floor plans with amenities including a spacious courtyard, gated surface and carport parking, controlled access, and on-site laundry. Situated on an oversized 1.07-acre lot, the property offers a new owner the potential to build additional dwelling units (Buyer to verify with the city of Artesia). 11562 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 among the top 7 percent nationally. Additionally, 11562 186th Street is located just blocks away from the International Cultural District, also known as “Little India,” which offers over 120 unique retailers and restaurants. Furthermore, the property positioned in close proximity to State Route 91 as well as Interstates 5, 105, 405, and 605, providing residents with convenient access to employment hubs throughout Orange and Los Angeles Counties.
Location
State CA
County Los Angeles
Area Rc - Artesia
Zoning ATMRV1600*
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 29
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 49
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7039009069
Energy Description 7625.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest
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