NOT LISTED FOR SALE

12037 167th St Unit 3 Artesia, CA 90701

Estimated Value: $735,000 - $1,015,000

3 Beds
2 Baths
2,200 Sq Ft
$382/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $865,000 $393 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,270/month

50 Days on Market

Highlights

  • Cooling Available
  • Laundry Room
  • Block Wall Fence
  • Ross (Faye) Middle School Rated A-
  • Bungalow
  • Vinyl Flooring

About This Home

As of October 2023

Don't miss this cash-flowing charming single-family home with a newly built and fully permitted Accessory Dwelling Unit (ADU). The front house has been thoughtfully partitioned to create two separate units, offering a 2-bedroom, 1-bathroom unit, a 1-bedroom, 1-bathroom unit, and 1-bedroom ADU.

Conveniently located in a central area, this property provides easy access to nearby schools, shops, and freeways, ensuring a comfortable and convenient lifestyle for its residents. With its versatile layout and the addition of the ADU, this home offers multiple options for living arrangements or cash-flowing rental income.

Don't miss out on this fantastic opportunity to own a property that combines both functionality and potential. Schedule a viewing today to explore the possibilities that this unique home has to offer!

The front house was divided into 2 units without a permit

Last Agent to Sell the Property

George Wang

Harvest Realtors, Inc. License #01751924 Listed on: 06/29/2023

Last Buyer's Agent

Elva Rinus

First Team Real Estate License #02209765

First Team Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,462

Year Built

  • Built in 1962

Lot Details

  • 4,107 Sq Ft Lot
  • Block Wall Fence
  • Density is 26-30 Units/Acre
  • Property is zoned ATA10000*

Home Design

  • Bungalow
  • Entry on the 1st floor
  • Frame Construction

Interior Spaces

  • 2,200 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • Cooling Available
  • Wall Furnace
  • Phone Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 40 / 12
  • Tax Tract Number 1
  • Assessor Parcel Number 7011024067
  • $600 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,462

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 2200.00
  • Zoning: ATA10000*
  • Architectural Style: Bungalow
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7011024067
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 393.18
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Construction Materials: Frame

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Electricity Connected, Phone Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 26-30 Units/Acre
  • Lot Size Sq Ft: 4107.00
  • Lot Size Acres: 0.0943

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 1000.00
  • Fuel Expense: 600.00
  • Gross Income: 78840.00
  • Gross Scheduled Income: 78840.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 4107.0000 Square Feet
  • Net Operating Income: 61440.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 2
  • Operating Expense: 17400.00
  • Rent Control: No
  • Total Actual Rent: 78840.00
  • Total Expenses: 17400.00

Tax Info

  • New Taxes Expense: 10200.00
  • Tax Block: 12
  • Tax Census Tract: 5548.01
  • Tax Lot: 40
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2006
Sold by
Garcia Alberto
Bought by
Garcia Alberto
Current Estimated Value
$840,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Outstanding Balance
$250,400
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$589,760

Purchase Details

Closed on
Mar 20, 2006
Sold by
Degarcia Maria Vargas
Bought by
Garcia Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Outstanding Balance
$250,400
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$589,760

Purchase Details

Closed on
Nov 24, 2004
Sold by
Barragan Enrique and Barragan Lorena
Bought by
Garcia Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,800
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2001
Sold by
Armenta Saul
Bought by
Barragan Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,435
Interest Rate
7.26%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Garcia Alberto -- New Century Title
Garcia Alberto -- New Century Title
Garcia Alberto $383,500 First American Title Company
Barragan Enrique $166,000 First American Title Co
Armenta Saul -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Alberto $428,000
Closed Garcia Alberto $428,000
Closed Garcia Alberto $306,800
Previous Owner Barragan Enrique $163,435
Closed Barragan Enrique $4,980
Closed Garcia Alberto $76,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2023 10/17/23 Sold $865,000 +1.8% $393 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $850,000 -- $386 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $10,462 $882,300 $613,326 $268,974
2024 $10,462 $865,000 $601,300 $263,700
2023 $6,083 $488,259 $390,670 $97,589
2022 $5,991 $478,686 $383,010 $95,676
2021 $6,050 $493,841 $395,078 $98,763
2020 $5,964 $488,778 $391,027 $97,751
2019 $5,875 $479,195 $383,360 $95,835
2018 $5,305 $458,000 $367,000 $91,000
2016 $4,724 $406,000 $325,000 $81,000
2015 $4,842 $406,000 $325,000 $81,000
2014 $4,992 $406,000 $325,000 $81,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23116029

California Regional Multiple Listing Service (CRMLS)

APN: 7011-024-067