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    18612 Arline Avenue

    Artesia, CA 90701
    • $1,199,990
    • STATUS: Active Under Contract
    • ON SITE: 73 days
    • ID#: RS20196097
    Under Contract
    UPDATED: 39 min ago
    $1,199,990
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,121
      SQFT
    • $384
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:
    Area:

    School Ratings & Info

    Description

    Don't Miss out on this 3 Units / Triplex Property in Heart of Artesia, CA. This Triplex has a great mix of two Units of 3 beds, 1 bath & 1 garage, and one unit of 2 beds, 1 bath & 1 garage. This diamond is a unique opportunity for the Investor to get secure passive income. This Triplex has excellent curb appeal and is located in one of the most desirable school districts in the county. These apartments are centrally located to all amenities and are walkingdistance to restaurants, shopping, parks, and public transportation. Long term tenants wish to remain and are not aware of the propertyis being marketed. Consequently, drive-by inspections only and write full-priced (or higher) offers subject to interior inspection. This Triplex has On-Site Laundry ( Washer & Dryer), which is generating extra income for the owner. Walking distance to Pioneer and 187th St / 183rd Street. All the Units are in great condition. Each unit has its own Electric and Gas Meter.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T10:28:08.947. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/110186953
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    18612 Arline Avenue Artesia, CA 90701

    • Price: $1,199,990
    • Status: Active Under Contract
    • Updated: 39 min ago
    • ID#: RS20196097
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,121
    SQFT
    $384
    $/SQFT
    1921
    Built
    Neighborhood:
    RC - Artesia
    County:
    Los Angeles
    Area:
    RC - Artesia
    Property Description
    Don't Miss out on this 3 Units / Triplex Property in Heart of Artesia, CA. This Triplex has a great mix of two Units of 3 beds, 1 bath & 1 garage, and one unit of 2 beds, 1 bath & 1 garage. This diamond is a unique opportunity for the Investor to get secure passive income. This Triplex has excellent curb appeal and is located in one of the most desirable school districts in the county. These apartments are centrally located to all amenities and are walkingdistance to restaurants, shopping, parks, and public transportation. Long term tenants wish to remain and are not aware of the propertyis being marketed. Consequently, drive-by inspections only and write full-priced (or higher) offers subject to interior inspection. This Triplex has On-Site Laundry ( Washer & Dryer), which is generating extra income for the owner. Walking distance to Pioneer and 187th St / 183rd Street. All the Units are in great condition. Each unit has its own Electric and Gas Meter.
    Exterior Features

    Garage Spaces 3.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Common Area

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.68 Community Features Street Lights Country Us Elevation Units Feet Fuel Expense 0.00 Garage Income 300.00 Garage Rental Rate 100.00 Gardener Expense 600.00 Gross Income 600.00 Gross Multiplier 13.33 Gross Operating Income 90000.00 Gross Scheduled Income 90000.00 Insurance Expense 2500.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 300.00 Laundry YN Yes Maintenance Expense 1800.00 Net Operating Income 68156.00 New Construction YN No New Taxes Expense 14724.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 21844.00 Other Expense 360.00 Other Expense Description Gas Pest Control Expense 300.00 Property Condition Turnkey Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesElectricityGasHvac MaintenanceJanitorial Service Total Actual Rent 6900.00 Total Expenses 21844.00 Trash Expense 960.00 Water Sewer Expense 600.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Gurpal Sood of Elite Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T10:28:08.947. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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