Artesia News

Development, retail, increase property value

Los Angeles County Assessor’s 2008 Annual Report named Artesia as one of the Top 10 cities with the greatest percent changed in assessed property valuations.

Artesia’s City Council was commended for their work in achieving this goal.

Artesia, ranked #9, shared the Top 10 spot with larger cities like Beverly Hills, Malibu, West Hollywood, and Pasadena.

The higher than average increases in assessed value are mainly attributable to transfer activity and new commercial development along major corridors, most notably South Street, Artesia Boulevard, and Pioneer Boulevard. Pioneer Blvd. enjoys a large amount of foot-traffic and high-demand retail space.