Bought with Elena Tarasova
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Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW26070595
Year Built 1960
Lot Size 7,601 Sqft
Property Sub-Type Duplex
Property Description
Welcome to 18016-18 Jersey Ave, a compelling duplex opportunity in the heart of Artesia, offering both immediate flexibility and long-term upside. Positioned on a generous lot and delivered fully vacant, this property presents a rare opportunity for an owner-user, investor, or developer to step in with complete control from day one. The property features approximately 2,100+ square feet of living space, consisting of a larger front unit with a 3-bedroom, 2-bath configuration, and a rear 2-bedroom, 1-bath unit. The layout lends itself well to multigenerational living, owner occupancy with supplemental income, or a full repositioning strategy to maximize rents and value. There is also one 2-car garage and one 1-car garage present. While the property requires renovation, it is precisely this value-add profile that creates the opportunity. In a market where stabilized assets command a premium, this is a chance to build equity through thoughtful improvements and strategic management. The size, configuration, and vacant delivery set the stage for a wide range of exit strategies. Importantly, this offering can be acquired individually or in conjunction with the adjacent property at 18022-24 Jersey Ave, a separate duplex on its own lot. Together, the two properties provide over 14,000 sq
Location
State CA
County Los Angeles
Area Rc - Artesia
Interior
Laundry 30
Exterior
Garage Spaces 4.0
Pool None
Building
Story One Story
Water District - Public
Others
Special Listing Condition Court Confirmation May Be Required
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