NOT LISTED FOR SALE

18612 Arline Ave Artesia, CA 90701

Artesia Area

Estimated Value: $1,324,000 - $1,573,906

5 Beds
2 Baths
3,121 Sq Ft
$458/Sq Ft Est. Value

Sale Details

Date Sold: December 11, 2020

Last sale price $1,227,000 $393 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,223 / mo

34 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • Turnkey
  • Elliott Elementary School Rated A

About This Home

As of December 2020

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.

Last Agent to Sell the Property

Gurpal Sood

SoodReal Estate Services, Inc. License #01394199 Listed on: 09/19/2020

Last Buyer's Agent

Rosie Chung

Redpoint Realty License #01440480

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 7,602 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 3,121 Sq Ft Home
  • Triplex
  • Turnkey

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, HVAC maintenance, janitorial service
  • Tax Lot 16
  • Tax Tract Number 5549
  • Assessor Parcel Number 7040021016

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,500
  • Maintenance Expense $1,800
  • Other Expense $360
  • Pest Control $300
  • Trash Expense $960
  • Water Sewer Expense $600
  • New Taxes Expense $14,724
  • Operating Expense $21,844
  • Gross Income $600
  • Net Operating Income $68,156

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

7,602 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 5.68
  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7040021016
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 393.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 300.00
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7602.00
  • Lot Size Acres: 0.1745

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: All Utilities, Electricity, Gas, HVAC Maintenance, Janitorial Service

Multi Family

  • Garage Income: 300.00
  • Gross Income: 600.00
  • Gross Multiplier: 13.33
  • Gross Operating Income: 90000.00
  • Gross Scheduled Income: 90000.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 300.00
  • Lot Size Area: 7602.0000 Square Feet
  • Maintenance Expense: 1800.00
  • Net Operating Income: 68156.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 21844.00
  • Other Expense: 360.00
  • Other Expense Description: Gas
  • Other Income Description: Garage and Laundry
  • Rent Control: No
  • Total Actual Rent: 6900.00
  • Total Expenses: 21844.00

Tax Info

  • New Taxes Expense: 14724.00
  • Tax Lot: 16
  • Tax Tract Number: 5549

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2020
Closed on
Nov 24, 2020
Sold by
Bought by
Seller's Agent
Gurpal Sood
SoodReal Estate Services, Inc.
Buyer's Agent
Rosie Chung
Redpoint Realty
List Price
$1,199,990
Sold Price
$1,227,000
Premium/Discount to List
$27,010
2.25%
Current Estimated Value
$1,428,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,477
Avg. Annual Appreciation
2.71%
Original Mortgage
$789,950
Outstanding Balance
$570,587
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$857,890

Purchase Details

Closed on
Jul 14, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2003
Sold by
Bought by

Purchase Details

Closed on
Nov 4, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,400
Interest Rate
5.37%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Artesia, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,227,000 Stewart Title
$900,000 New Century Title Glendale
-- Sut
-- Com Land
$448,000 Land America Commonwealth La
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $789,950
Previous Owner $720,000
Previous Owner $560,000
Previous Owner $358,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/11/2020 12/11/20 Sold $1,227,000 +2.3% $393 / Sq Ft
09/19/2020 09/19/20 For Sale $1,199,990 -- $384 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,465 $1,328,141 $797,751 $530,390
2024 $15,929 $1,302,100 $782,109 $519,991
2023 $15,407 $1,276,570 $766,774 $509,796
2022 $15,178 $1,251,540 $751,740 $499,800
2021 $14,822 $1,227,000 $737,000 $490,000
2020 $13,202 $1,080,934 $845,534 $235,400
2019 $13,006 $1,059,740 $828,955 $230,785
2018 $12,070 $1,038,961 $812,701 $226,260
2016 $11,601 $998,619 $781,144 $217,475
2015 $11,794 $983,620 $769,411 $214,209
2014 $12,043 $964,353 $754,340 $210,013
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20196097

California Regional Multiple Listing Service (CRMLS)

APN: 7040-021-016

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