Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

2

Building size

1,510 sqft

Lot size

5,070 sqft

Year built

1952

Stories

1

Garage spaces

0

Heating

Central

Cooling

See Remarks

Pool

None

View

See Remarks

Status

Active

Days on market

13

MLS #

247925479

About this property

Two homes. One lot. $5,600 a month coming in from day one. Freshly priced and ready for a serious buyer, this Artesia income property delivers what investors spend months searching for: two fully detached homes, strong leases already in place, and room to grow. Up front is a classic 2 bedroom, 1 bath single family home with a private yard and a long driveway that parks several cars. It's ready for a little TLC, yet it already rents at full market rate, so every update you make goes straight to equity. Out back is the one buyers remember: a brand new 2 bedroom, 1 bath factory built home completed in 2025, set on a permanent foundation and built to current code. Open concept living, quartz counters, luxury vinyl plank floors, dual pane windows, and ductless heating and cooling. Nothing to fix and nothing to wait on. A detached 2 car garage offers covered parking and storage today, plus potential for a future ADU conversion that could add a third income unit (buyer to verify with the City of Artesia). One more door can change the whole return. A detached 2 car garage offers covered parking and storage today, plus potential for a future ADU conversion that could add a third income unit (buyer to verify with the City of Artesia). One more door can change the whole return.

Location

12024 Rendova

Artesia, Los Angeles, CA, 90701