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18602 Arline Avenue

Artesia, CA 90701
  • $2,175,000
  • STATUS: Active Under Contract
  • ON SITE: 12 Days
  • ID#: 22156685
Under Contract
UPDATED: 70 min ago
$2,175,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:
Area:

School Ratings & Info

Listing Agent(s): Nicholas Petrosian of Remax Commercial And Investment Realty (213-817-1000)


Description

18602 Arline Avenue is a well maintained 6-unit multifamily investment asset located in the highly desirable rental market of Artesia. The property features all two-bedroom units, in-unit laundry hookups, and a gated courtyard. The building has undergone substantial improvements such as a complete copper re-pipe, new roof in 2017 and tankless water heaters. Within walking distance to the property is the Los Cerritos Center which offers premium stores, dining and entertainment. The subject property has been owned by the same family for over 40 years and is an outstanding investment opportunity because of its great location and substantial amount of rental upside.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128703243
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18602 Arline Avenue Artesia, CA 90701

  • Price: $2,175,000
  • Status: Active Under Contract
  • On Site: 12 Days
  • Updated: 70 min ago
  • ID#: 22156685
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1959
Built
Neighborhood:
RC - Artesia
County:
Los Angeles
Area:
RC - Artesia
Property Description
18602 Arline Avenue is a well maintained 6-unit multifamily investment asset located in the highly desirable rental market of Artesia. The property features all two-bedroom units, in-unit laundry hookups, and a gated courtyard. The building has undergone substantial improvements such as a complete copper re-pipe, new roof in 2017 and tankless water heaters. Within walking distance to the property is the Los Cerritos Center which offers premium stores, dining and entertainment. The subject property has been owned by the same family for over 40 years and is an outstanding investment opportunity because of its great location and substantial amount of rental upside.
Exterior Features

Parking Features Garage Parking Total 6

Interior Features

Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 104400 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 53976 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Zoning Atmrv*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T09:30:26.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Nicholas Petrosian of Remax Commercial And Investment Realty (213-817-1000)