For More Information
Contact:
Carlos Marin
Century 21 Allstars
562-863-2121
-
18430 Arline Avenue Artesia, CA 90701
- $4,175,000
- 0
Bed(s) - 0
Baths - 0
Sq Ft -
14809
Sqft
Active
GREAT VALUE-ADD INVESTMENT OPPORTUNITY with most of the current rents under the market rate, with approximately 25% upside on rents. Great opportunity to acquire the Nest Community Apartments, a well maintained and upgraded 12 unit multifamily investment property, located on a highly desirable premier rental market, close to Orange County. Primarily residential street in Artesia/Cerritos. ABC Unified School District, a prestigious school district that ranks among the top 5 percent in California. It's located just blocks away from the International Culture District, also known as "Little India", which offers premium stores, restaurants and entertainment. Close to Cerritos Mall, the I-5, 91 and 605 Freeways. Built in 1970 it features a nice unit mix of (8) 2 bedrooms with central air and heat, and (4) one Bedrooms, separate meters for Gas and Electricity. Gated and covered parking with on-site laundry. Building area 10,524 Square feet and 14,809 Square feet lot. Fully tenant occupied.
Property Type :
Residential IncomeCounty :
Los AngelesStyle :
Residential IncomeSell a home like this and save $250,001 Find Out How
Property Details
Water/Sewer
Water Source : Public
Sewer : Public Sewer
Interior Features
Fireplace: Living Room
Cooling Features
Central Air
Air Conditioning
Heating Source
Central
Has Heating
Fireplace
Fireplace Features: Living Room
Has Fireplace: 1
Building Information
Year Built: 1970
Building Area Total: 10,524
Pool Features
None
Laundry Features
Common Area
Lot Details
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.34
Lot Size Source: Assessor
Lot Size Square Feet: 14809
Listing Price Information
Original List Price: 4,175,000
Listing Contract Date: 2023-07-26
Lease Information
Listing Agreement: Exclusive Right To Sell
Tax Information
Parcel Number: 7040015011
Garage and Parking
Garage Description: Carport,On Site,One Space
Homeowners Association
Rental Info
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Other Property Info
Source Listing Status: Active
Source Neighborhood: RC - Artesia
Postal Code Plus 4: 5787
Directions: North of South St. and East of Pioneer Blvd. (City of Artesia / Cerritos)
Zoning: ATMRV*
Source Property Type: Residential Income
Area: RC - Artesia
Property SubType: Mixed Use
Building and Construction
Property Age: 53
Common Walls: No Common Walls
Structure Type: Mixed Use
Year Built Source: Public Records
Entry Level: 1
Entry Location: Arline
Levels or Stories: Two
Building Total Stories: 2
Neighborhood Activity
Homes For Sale By Owner in Artesia
| All For Sale | Median Price |
|---|---|
| (15) | $ 1,281,529 |
| 1 Bedroom Homes (3) | $ 1,808,369 |
| 2 Bedroom Homes (6) | $ 614,800 |
| 3 Bedroom Homes (4) | $ 734,475 |
| 4 Bedroom Homes (1) | $ 1,150,000 |
| 5+ Bedroom Homes (1) | $ 2,100,000 |
Condos For Sale By Owner in Artesia
| All For Sale | Median Price |
|---|---|
| (1) | $ 1,140,941 |
| 2 Bedroom Condos (1) | $ 438,000 |
Townhomes For Sale By Owner in Artesia
| All For Sale | Median Price |
|---|---|
| (3) | $ 1,079,266 |
| 3 Bedroom Townhomes (1) | $ 879,990 |
| 4 Bedroom Townhomes (2) | $ 908,490 |
Multifamily For Sale By Owner in Artesia
| All For Sale | Median Price |
|---|---|
| (2) | $ 1,080,458 |
| 1 Bedroom Multifamily (2) | $ 1,090,000 |
Land For Sale By Owner in Artesia
| All For Sale | Median Price |
|---|---|
| Land (2) | $ 1,024,912 |
Homes around $4,175,000
Nearby Rentals
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 11961 170th Street, Artesia, CA,90701 | $514,900 | 3 | 1 | 792 | 2675 Sqft |
| 11738 187th Street, Artesia, CA,90701 | $400,108 | -- | -- | 320 | 2152 Sqft |
| 18634 Corby Avenue, Artesia, CA,90701 | $850,000 | -- | -- | -- | 7615 Sqft |
| 11620 187th Street, Artesia, CA,90701 | $2,100,000 | 5 | 4 | 5,145 | 10565 Sqft |
| 11466 Artesia Blvd, Artesia, CA,90701 | $922,990 | 4 | 3 | 1,883 | -- |
| 11462 Artesia Blvd, Artesia, CA,90701 | $879,990 | 3 | 2 | 1,767 | 1000 Sqft |
| 11456 Artesia Blvd, Artesia, CA,90701 | $893,990 | 4 | 3 | 1,881 | 1000 Sqft |
| 12225 Meadow Drive, Artesia, CA,90701 | $750,000 | 3 | 1 | 972 | 6306 Sqft |
| Tbd, Artesia, CA,90701 | $149,995 | -- | -- | -- | 3080 Sqft |
| 12311 Bingham Street, Artesia, CA,90701 | $798,000 | 3 | 2 | 1,100 | 4281 Sqft |
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ByOwner last updated this listing 12/07/2023 @ 15:02
MLS: DW23138197
LISTING PROVIDED COURTESY OF Carlos Marin, Century 21 Allstars
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
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