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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 PW26070595
Sold Date 05/19/26
HOA Y/N No
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 square feet of combined land and four total units, an increasingly rare side-by-side acquisition opportunity in Southern California with meaningful long-term development and income potential. Located in a strong rental corridor with convenient access to freeways, retail, and employment centers, 18016–18 Jersey Ave represents a unique blend of scale, flexibility, and upside for the right buyer.
Location
State CA
County Los Angeles
Area Rc - Artesia
Interior
Fireplace No
Laundry Washer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7035011027
Acceptable Financing Cash, Subject To Other
Listing Terms Cash, Subject To Other
Financing Cash
Special Listing Condition Third Party Approval, Probate Listing
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Bought with Elena Tarasova Douglas Elliman of California, Inc.

