Property listed by Kalpesh Mistry, Broker, Neel Patel [email protected]
$1,350,000
Two homes, one lot, income from day one. A rare Artesia offering that checks the boxes investors search for and seldom find.
The front residence is a charming 2 bedroom, 1 bath single family home with classic character and [a private yard and long driveway with room for multiple vehicles]. It… Read More could use a touch of TLC, yet it already commands full market rent, meaning every cosmetic improvement a new owner makes is pure value add. Refresh it on your timeline, raise the ceiling on future rents, and force appreciation the way seasoned investors love to.
Tucked behind it sits the showpiece: a brand new 2 bedroom, 1 bath factory built (prefab) home completed in 2025 and set on a permanent foundation, built to today’s codes with modern finishes throughout, including [open concept living, quartz counters, luxury vinyl plank flooring, energy efficient dual pane windows, and ductless heating and cooling]. Factory construction means precision building, tight quality control, and the efficiency of an all new home with decades of life ahead. While the front home ages like a classic, the back one is just getting started.
Both homes are fully detached with no shared walls, giving each household true privacy, a feature tenants pay for and stay for. Each unit is separately metered for gas and electricity, keeping expense tracking simple, and both are currently leased at $2,800 per month for $5,600 in monthly income ($67,200 annually). Sale is subject to existing leases. That is performance today with headroom tomorrow.
The location does the rest of the work: within the acclaimed ABC Unified School District, minutes from the aromatic restaurants and shops of Pioneer Boulevard’s famed Little India corridor, close to Artesia Park, Cerritos Towne Center, and Los Cerritos Center, with the 91 and 605 freeways nearby. The kind of address that keeps vacancy rare and rents resilient.
Run the numbers, then run the scenarios. Live in one and let the other produce. Hold both doors for steady cash flow. Or execute the classic play: collect rent now, polish the front home later, and own two performing units in one of Southeast LA County’s most reliable rental pockets. New construction, dual income, full detachment, value add upside, and this school district. Packages like this don’t sit. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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