NOT LISTED FOR SALE

11865 187th St Artesia, CA 90701

Artesia Area
12 Beds
9 Baths
9,116 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: May 20, 2020

Last sale price $2,248,000 $247 Per Sq Ft

37 Days on Market

Highlights

  • 0.26 Acre Lot
  • Traditional Architecture
  • Wood Frame Window
  • Elliott Elementary School Rated A
  • No HOA
  • Built-In Features

About This Home

As of May 2020

• All 2 Bedroom, 1.5 Bath, Two-story Condominiums with
Individual Utilities & Street Addresses
• Six (6) Parking Spaces
• Each Has Washer and Dryer Hook Ups
• Re-roofed w/ a 30-40 yr Architectural Shingle 12 Years ago
• 1980 construction, All Copper, No Lead Paint
• Each Unit Rehabbed
• All the AC / Heating Units Replaced Two Years Ago
• All Entry Doors Replaced Last Year Front and Rear
• Two End Units Have Gas Fireplaces
• Both Buildings Tented for Termites Last Year

Last Agent to Sell the Property

Charles Johnson, SIOR

Daum Commercial RE Services License #01817294 Listed on: 04/13/2020

Last Buyer's Agent

Charles Johnson, SIOR

Daum Commercial RE Services License #01817294 Listed on: 04/13/2020

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 11,254 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Apartment
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 9,116 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Wood Frame Window
  • Family Room
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Washer

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Water Heater
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 3 / 3
  • Tax Tract Number 704021
  • Assessor Parcel Number 7040021001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Gardener Expense $1,320
  • Pest Control $756
  • Professional Management Expense $4,392
  • Trash Expense $2,316
  • New Taxes Expense $9,756
  • Operating Expense $21,180
  • Gross Income $10,920
  • Net Operating Income $9,155

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0.26 Acres

Parking

6

Listing Details

  • CapRate: 4.20
  • Professional Management Expense: 4392.00
  • Property Attached: Yes
  • Zoning: ATMR
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 7040021001
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Features, Ceiling Fan(s), Copper Plumbing Full
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 246.60
  • Room Type: Family Room, Kitchen, Laundry, Living Room
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Water Heater
  • Electric: 220 Volts
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Pest Control Expense: 756.00
  • Sewer: Public Sewer
  • Trash Expense: 2316.00
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 11254.00
  • Lot Size Acres: 0.2584

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 10920.00
  • Gross Scheduled Income: 10920.00
  • Lot Size Area: 11254.0000 Square Feet
  • Net Operating Income: 9155.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 952.00
  • Rent Control: No
  • Total Expenses: 21180.00

Tax Info

  • New Taxes Expense: 9756.00
  • Tax Block: 3
  • Tax Census Tract: 5549.00
  • Tax Lot: 3
  • Tax Tract Number: 704021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2020
Closed on
Jun 24, 2020
Sold by
Bought by
Seller's Agent
Charles Johnson, SIOR
Daum Commercial RE Services
Buyer's Agent
Charles Johnson, SIOR
Daum Commercial RE Services
List Price
$2,573,106
Sold Price
$2,248,000
Premium/Discount to List
-$325,106
-12.63%

Purchase Details

Listed on
Apr 13, 2020
Closed on
May 12, 2020
Sold by
Bought by
Seller's Agent
Charles Johnson, SIOR
Daum Commercial RE Services
Buyer's Agent
Charles Johnson, SIOR
Daum Commercial RE Services
List Price
$2,573,106
Sold Price
$2,248,000
Premium/Discount to List
-$325,106
-12.63%

Purchase Details

Closed on
Feb 13, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 7, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$2,248,000 Fidelity National Title Co
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $128,165
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/20/2020 05/20/20 Sold $2,248,000 -12.6% $247 / Sq Ft
04/13/2020 04/13/20 For Sale $2,573,106 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $30,539 $2,433,306 $1,459,118 $974,188
2024 $29,485 $2,385,595 $1,430,508 $955,087
2023 $28,528 $2,338,819 $1,402,459 $936,360
2022 $28,110 $2,292,960 $1,374,960 $918,000
2021 $27,713 $2,271,289 $1,361,965 $909,324
2020 $9,890 $682,166 $254,631 $427,535
2019 $9,756 $668,791 $249,639 $419,152
2018 $9,057 $655,679 $244,745 $410,934
2016 $8,620 $630,221 $235,243 $394,978
2015 $8,515 $620,756 $231,710 $389,046
2014 $8,391 $608,598 $227,172 $381,426
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20072672

California Regional Multiple Listing Service (CRMLS)
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