18430 Arline Avenue,  Artesia CA, 90701 (Residential Income)

10,524 sqft
Status: Sold
MLS#: NP15111741
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Last Updated: 12/9/2016 8:56 PM
Description for 18430 Arline Avenue Artesia, CA 90701
Gibraltar Realty is proud to present the exclusive opportunity to acquire the NEST Community Apartments, a well maintained, newly upgraded 12 unit community well located on a quiet, primarily residential street in Cerritos/Artesia close to the freeway, Cerritos Mall, and schools. Owned in same family for over 25 years, this property has STRONG RENTS and had historically LOW VACANCY AND EXPENSES. Built in 1970 it features a nice unit mix of (8) 2 bedrooms and (4) one bedrooms. Property has been professionally managed and well maintained. All units have fireplaces and above average size and open floor plans. Gated and covered parking with on-site laundry. RECENT EXTENSIVE UPGRADES to property included: new modern landscape/hardscape, new exterior paint scheme, new building numbers, signage, and unit ID's, upgrade of older A/C units and furnaces, installation of security camera system viewable from mobile phone, creation of gym in back of property, wi-fi installation, complete remodel of most interiors with hardwood floors, new stainless steel appliances, new high end paint scheme, new bathroom flooring, tubs, and vanities. All upgrades were done through direction of CREATIVE PROPERTY GROUP.
Price
Sold Price:
$3,330,000
Sold Date:08/10/2015
Los Angeles
10,524 (approx)
NP15111741
Closed
Description
Gibraltar Realty is proud to present the exclusive opportunity to acquire the NEST Community Apartments, a well maintained, newly upgraded 12 unit community well located on a quiet, primarily residential street in Cerritos/Artesia close to the freeway, Cerritos Mall, and schools. Owned in same family for over 25 years, this property has STRONG RENTS and had historically LOW VACANCY AND EXPENSES. Built in 1970 it features a nice unit mix of (8) 2 bedrooms and (4) one bedrooms. Property has been professionally managed and well maintained. All units have fireplaces and above average size and open floor plans. Gated and covered parking with on-site laundry. RECENT EXTENSIVE UPGRADES to property included: new modern landscape/hardscape, new exterior paint scheme, new building numbers, signage, and unit ID's, upgrade of older A/C units and furnaces, installation of security camera system viewable from mobile phone, creation of gym in back of property, wi-fi installation, complete remodel of most interiors with hardwood floors, new stainless steel appliances, new high end paint scheme, new bathroom flooring, tubs, and vanities. All upgrades were done through direction of CREATIVE PROPERTY GROUP.
Listing Information
Property Type: Cluster, 2 Story
0.34 Acres 14,809 sq.ft. 10,524 (approx)
1970 Yes- 12 spaces
2
Public Water Service
12 Total
Neighborhood
Room Information
Common
Interior Features
Security System,
Exterior / Lot Features
12 Garage Spaces, 28 Parking Spaces, Attached Carport, Covered, Gated Parking
None
No Pool
ATMRV
Suburban
Driving Directions
From the 405 take the 605 North, exit South street, turn right, go until Pioneer, then turn left, then turn right on 186th, and finally left on Arline Avenue, property will be on your right.
Financial Considerations
7040015011
$36,698
$240,480 Income ,$67,498Expense
Listing Price History

Artesia Real Estate

Artesia is located in California. Artesia, California 90701 has a population of 16,541.

The median household income in Artesia, California 90701 is $59,078. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Artesia 90701 is 38.5 years.

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Courtesy: Gibraltar Realty Frank Moser
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