Detailed Introduction Of This Property
GREAT VALUE-ADD INVESTMENT OPPORTUNITY with most of the current rents under the market rate, with approximately 25% upside on rents. Great opportunity to acquire the Nest Community Apartments, a well maintained and upgraded 12 unit multifamily investment property, located on a highly desirable premier rental market, close to Orange County. Primarily residential street in Artesia/Cerritos. ABC Unified School District, a prestigious school district that ranks among the top 5 percent in California.
It's located just blocks away from the International Culture District, also known as "Little India", which offers premium stores, restaurants and entertainment. Close to Cerritos Mall, the I-5, 91 and 605 Freeways. Built in 1970 it features a nice unit mix of (8) 2 bedrooms with central air and heat, and (4) one Bedrooms, separate meters for Gas and Electricity. Gated and covered parking with on-site laundry. Building area 10,524 Square feet and 14,809 Square feet lot. Fully tenant occupied.