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About the Listing PB22390 - PWPATNEL
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 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. 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]. The property also includes a detached 2 car garage, offering covered parking, storage, or the potential for a future ADU conversion to add a third income unit (buyer to verify with the City of Artesia). In a market where every additional door changes the math, that flexibility is worth real money. 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, 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: within the acclaimed ABC Unified School District, minutes from 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 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, ADU upside, and this school district. Packages like this don’t sit.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances: 6 Burner Stove, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater, Dryer, Washer
- Air Cond: See Remarks
- Heating: Central
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Quartz Counters,Recessed Lighting
- Water: Public,See Remarks
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units,Has ADU
- Sewer: Public Sewer
- Parking Features: Driveway,Off Street,See Remarks
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7033015020
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
12024 Rendova Artesia, CA 90701
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