Investment Highlights
- Value-Add Opportunity with Loan Assumption - Offers investors assumable non-recourse agency financing at an attractive 3.69% interest only fixed rate with more than 5 years remaining to maturity.
- Homeownership Is Mostly Unattainable - Since 2019, SFR values in Artesia have increased more than 36%. A household would need to earn $194k annually & have $148k+ for a down payment to afford a SFR.
- Access to Employment - Conveniently located on the border of LA & Orange Counties with close proximity to five major freeways (91, 605, 105, 5, 710), residents can easily access over one million jobs.
- A Supply Constrained Submarket - Since 1990, only 5 buildings totaling 42 units have been added to the Artesia apartment stock. With no new multifamily projects in the development pipeline, Los Arboles will remain one of the few quality rental options in Artesia with no competition on the horizon. Los Arboles is located within the ABC Unified School District, which is one of the most highly regarded public school districts in California. Notably, according to Niche.com, the district has an A+
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