$2,150,000
$2,175,000
1.1%For more information regarding the value of a property, please contact us for a free consultation.
4,945 SqFt
SOLD DATE : 06/08/2022
Key Details
Sold Price $2,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,945 sqft
Price per Sqft $434
MLS Listing ID 22156685
Sold Date 06/08/22
HOA Y/N No
Year Built 1959
Lot Size 8,080 Sqft
Acres 0.1855
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.
Location
State CA
County Los Angeles
Area Rc - Artesia
Zoning ATMRV*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Garage
Parking Type Garage
Total Parking Spaces 6
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 7040021018
Special Listing Condition Standard
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Bought with Nicholas Petrosian • Remax Commercial and Investment Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner