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SOLD 12/11/2020
18612 Arline Avenue, Artesia, CA 90701
5
beds
2
baths
3121
ft2
· 7602
ft2 lot
$1,227,000
$384 / ft2
Listing provided courtesy of Listing Broker: Gurpal Sood, Elite Realty.
Source CRMLS.
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 walking distance to restaurants, shopping, parks, and public transportation. Long term tenants wish to remain and are not aware of the property is 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.
HOA
$0/month
On market
a month
Year built
1921
Property type
Multi-Family
Parking
3
MLS
RS20196097
Price / Sq.Ft.
$384 / ft2
Status
Closed
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 3121.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 3.00
Building Info
•   
Building Area Units: Square Feet
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: 2-5 Units/Acre
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1745
•   
Lot Size Area: 7602.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 3
Property Features
•   
Property Condition: Turnkey
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 3
•   
Number Of Separate Gas Meters: 3
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Assesments Information
•   
Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
•   
Garage Income: 300.00
•   
Gross Operating Income: 90000.00
•   
Garage Rental Rate: 100.00
•   
Water Sewer Expense: 600.00
•   
Other Expense Description: Gas
•   
Other Expense: 360.00
•   
Laundry Income: 300.00
•   
Maintenance Expense: 1800.00
•   
Pest Control Expense: 300.00
•   
Cap Rate: 5.68
•   
Laundry Equipment Own Lease: Own
•   
Total Actual Rent: 6900.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 960.00
•   
New Taxes Expense: 14724.00
•   
Insurance Expense: 2500.00
•   
Other Income Description: Garage and Laundry
•   
Total Expenses: 21844.00
•   
Gross Scheduled Income: 90000.00
•   
Operating Expense: 21844.00
•   
Gardener Expense: 600.00
•   
Gross Multiplier: 13.33
Tax/Assessment Info
•   
Gross Income: 600.00
•   
Tax Year: 2020
•   
Taxes: 13201.0
Lease Info
•   
Net Operating Income: 68156.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1900.00
•   
Unit 2 Bedrooms: 2
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1900.00
Unit 1 Information
•   
Unit 1 Bedrooms: 3
•   
Unit 1 Total Units: 2
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 2500.00
•   
Unit 1 Total Rent: 5000.00
Multi Unit Information
•   
# Of Units: 2
•   
Number Of Units Leased: 3
School Neighborhood & Directions
Location
•   
Community Features: Street Lights
School Info
•   
Directions: EA ST ON 183RD ST FROM PIONEER BLVD A ND THEN RIGHT ONA RLINE A V Cross Streets: 183 A ND PIONEER
Other
Calculation
•   
Dom: 34
•   
Cdom: 34
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 19, 2021 10:31am
Neighborhood snapshot
9
Properties for sale
12
Median days on market
$433.33
Median sold price/sqft
100.85%
Sold/List %
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Property History
12/13/2020
12/13/2020
Public Record
sold
Public Record
$1,227,000
+2.25%
12/11/2020
12/11/2020
CRMLS #RS20196097
sold
CRMLS #RS20196097
$1,199,990
09/19/2020
09/19/2020
CRMLS #RS20196097
active
CRMLS #RS20196097
$1,199,990
+33.33%
07/18/2007
07/18/2007
Public Record
sold
Public Record
$900,000
+100.89%
01/07/2003
01/07/2003
Public Record
sold
Public Record
$448,000
+6.67%
See more property history
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