11500-11506 186th St

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Address: 11500 186th St, Artesia, CA 90701, USA

California & West + Apartment Buildings

Created date: January 11, 2025

Date last updated: January 11, 2025

Highly Desirable 2014 Construction
Below Market Rate Assumable Debt Available
Attractive Mix of Spacious Townhome Floor Plans
Each Unit Features a Den, Garage Parking with Direct Access, & a Private Sundeck
In-Demand Amenities Including In-Unit Laundry Hookups & Central Air
The Only Active 10+ Unit Multifamily Listing in Artesia (Per LoopNet)
Within Walking Distance of Los Cerritos Center, a Super-Regional Mall Anchored by Nordstrom, Macy’s, Harkins Theatres, & More
Located in the Highly-Rated ABC Unified School District, an Attractive Draw for Potential Renters
Close Proximity to Interstate 605 & State Route 91, Connecting Residents to Major Employment Hubs Throughout Southern California

Property Description

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 11500 - 11506 186th Street, 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.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$8,995,000
No. of Units:	12
Year Built:	2014
Lot Size:	0.51 Sq ft
Opportunity Zone:	No
Price per unit:	$749,583
Property Website	Click Here