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11540 187th Street, Artesia, California 90701, Artesia, 90701 - 3 bed, 2 bath

11540 187th Street, Artesia, California 90701 home-pic-0
ACTIVE$2,990,000
11540 187th Street, Artesia, California 90701
3Beds
2Baths
1,378Sqft
33,671Lot
Year Built
1955
Close
-
List price
$2.99M
Original List price
$3.3M
Price/Sqft
$2,170
HOA
-
Days on market
-
Sold On
-
MLS number
DW25241843
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,7 Pros. Rank: price - $2.99M(95th), sqft - 1378(50th), beds - 3(50th), baths - 2(50th).

An incredible chance to develop four luxury homes with approved plans and ready-to-pull permits in a sought-after neighborhood on the Artesia/Cerritos border. The property currently includes a 3-bedroom, 2-bath home with demolition and grading permits already secured, and all groundwork completed—saving time and effort. The flat, build-ready lot spans 33,671 sq ft (0.77 acres) and comes with approved architectural plans for four modern homes. Each residence features 4–6 bedrooms, 4.5 bathrooms, approximately 3,200–4,200 sq ft of living space, open-concept layouts, loft and office spaces, and a main-floor ADA-accessible suite perfect for multi-generational living. Conveniently located near top-rated ABC Unified schools, freeways (91 & 605), shopping, and dining, this area boasts strong demand, limited new construction, and high resale values. It's a prime opportunity for builders and investors looking for a boutique luxury project with excellent ROI potential.

Nearby schools

8/10
Bragg Elementary School
Public,•K-6•0.4mi
5/10
Burbank (Luther) Elementary School
Public,•K-6•0.6mi
8/10
Nixon (Patricia) Elementary School
Public,•K-6•0.8mi
8/10
Elliott (William F) Elementary School
Public,•K-6•1.0mi
5/10
Juarez (Benito) Elementary School
Public,•K-6•1.1mi
8/10
Carver (Charles J.) Elementary School
Public,•K-6•1.1mi
4/10
Niemes (John H.) Elementary School
Public,•K-6•1.2mi
7/10
John F. Kennedy Elementary School
Public,•K-6•1.2mi
8/10
Wittmann (Helen) Elementary School
Public,•K-6•2.1mi
6/10
Ross (Faye) Middle School
Public,•7-8•0.9mi
6/10
Haskell (Pliny Fisk) Middle School
Public,•7-8•1.0mi
7/10
Tetzlaff (Martin B.) Middle School
Public,•7-8•1.5mi
8/10
Gahr (Richard) High School
Public,•9-12•1.0mi
10/10
Cerritos High School
Public,•9-12•1.3mi

Price History

Date
Event
Price
11/09/25
Price Change
$2,990,000-9.4%
10/17/25
Listing
$3,299,000
11/16/15
Sold
$825,000
Condition Rating
Tear down
The property was built in 1955, making it over 50 years old. The listing explicitly states that 'demolition and grading permits already secured' for the existing 3-bedroom, 2-bath home, indicating its intended removal. The provided images of the current structure show boarded-up windows and a neglected exterior, strongly suggesting it is unlivable and beyond repair, with its value solely tied to the land for redevelopment into new luxury homes.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33671, living area = 1378.
Great Schools: High School: Cerritos High School (10/10).
Approved Development Plans & Permits: The property comes with approved plans and ready-to-pull permits for four luxury homes, including secured demolition and grading permits, significantly de-risking and accelerating the development process.
Prime Development Opportunity: An exceptional chance to develop four modern, high-end residences (3,200-4,200 sq ft, 4-6 beds, 4.5 baths, ADA suite) tailored for multi-generational living, appealing to a broad luxury market.
Strategic & Desirable Location: Situated on the sought-after Artesia/Cerritos border, offering convenient access to major freeways (91 & 605), top-rated ABC Unified schools, and a variety of shopping and dining options.
Build-Ready Lot with Groundwork Completed: A large (33,671 sq ft), flat, build-ready lot with all essential groundwork already completed, minimizing initial site preparation costs and construction delays.
Strong Market Fundamentals & ROI Potential: The area boasts strong demand, limited new construction, and high resale values, indicating excellent potential for a significant return on investment for a boutique luxury project.

Cons

Significant Capital Requirement: Despite approved plans, the project demands a substantial financial investment for the construction of four luxury homes, which may limit the pool of potential buyers to well-capitalized developers or investors.
Extended Project Timeline & Market Exposure: The multi-unit development inherently involves a lengthy construction period, exposing the project to potential market fluctuations, material cost increases, and interest rate changes over time.
Development Complexity & Management: Managing the construction of four luxury homes is a complex undertaking, requiring extensive project management, coordination of multiple trades, and expertise to navigate potential unforeseen challenges inherent in large-scale development.

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