• 18624 Del Rio Place Cerritos, CA 90703

  • $1,900,000
  • 0
    Bed(s)
  • 0
    Baths
  • 4,009
    Sq Ft
  • 8917
    Sqft
  • Listed By: Tammy Willis, Compass, DRE #01372097
  • Source: CRMLS

First time on the market since 1970!!!! Rarely available and well-maintained fourplex with a desirable mix of units located on a wide and low-density cul de sac. Each unit comes with a private garage and additional parking space along with ample street parking for guests. 2 of the units offer private yard/patio spaces and 1 upstairs unit has a balcony. The unit mix is a 3 bedroom/2 bath on the first level with a large fenced yard. Two- 2 bedroom/2 bath units upstairs and a very spacious 1 bedroom/1 bath on the first level with its own fenced patio yard and direct gate access to parking space. There is a large grassy area for the tenant's enjoyment. The community laundry room comes with a coin-operated washer and dryer and a commercial grade central water heater. The building has newer windows on all of the apartments and most of the apartments have various updates including some with newer luxury vinyl flooring, updated bathrooms, refreshed kitchen cabinets, and recently installed or new HVAC systems. These units are turn key and two of them are prepped and ready for new tenants. This location has great access to the i605 or 91 and there is ample shopping, eateries, and parks nearby. Great opportunity for a 1031 exchange or an owner who would like to occupy one of the units and rent the other three.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

Sell a home like this and save $113,501 Find Out How

Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1063425711 1 1 1 0
2 1063425711 2 2 2 0
3 1063425711 2 3 2 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Interior Features: Ceiling Fan(s),Laminate Counters

Windows: Garden Window(s)

Property Appliances: Dishwasher,Gas Range,Refrigerator,Water Heater,Dryer,Washer

Fireplace: Living Room

Cooling Features

Central Air

Air Conditioning

Heating Source

Central

Has Heating

Fireplace

Fireplace Features: Living Room

Has Fireplace: 1

Building Information

Year Built: 1969

Building Area Total: 4,009

Construction: Stucco

Foundation

Slab

Pool Features

None

Laundry Features

Common Area,Washer Hookup,Laundry Room

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.2047

Lot Size Source: Assessor

Lot Size Square Feet: 8917

Listing Price Information

Original List Price: 1,900,000

Listing Contract Date: 2024-03-14

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 7038006021

Garage and Parking

Garage Description: Door-Single,Garage,On Site,Off Street,Garage Faces Rear

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Cable TV,Electricity,Gas

Other Property Info

Source Listing Status: Pending

Source Neighborhood: RD - Cerritos South of 91 Frwy, W of Norwalk

Postal Code Plus 4: 8078

Directions: from i605 take South St exit go west to Palo Verde then North on Palo Verde to a right on Droxford. Then left onto Del Rio Place

Zoning: CERM

Source Property Type: Residential Income

Area: RD - Cerritos South of 91 Frwy, W of Norwalk

Property SubType: Quadruplex

Building and Construction

Property Age: 55

Common Walls: 2+ Common Walls

Property Condition: Turnkey

Structure Type: Quadruplex

Year Built Source: Assessor

Entry Level: 1

Entry Location: front

Property Attached: Yes

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
16327 Millstream Lane, Cerritos, CA,90703 $753,500 2 2 1,376 1861 Sqft
17403 Mapes Avenue, Cerritos, CA,90703 $1,349,888 4 3 2,231 6987 Sqft
16302 Flat Peak Lane, Cerritos, CA,90703 $1,100,000 3 2 1,677 5483 Sqft
12155 Eastman Street, Cerritos, CA,90703 $1,099,000 3 2 1,504 6873 Sqft
17222 Stowers Avenue, Cerritos, CA,90703 $1,349,000 5 2 2,174 5092 Sqft
19623 Mapes Avenue, Cerritos, CA,90703 $1,050,000 3 1 1,429 5090 Sqft
13258 Essex Place, Cerritos, CA,90703 $1,195,000 4 2 2,128 5218 Sqft
13429 Village Drive, Cerritos, CA,90703 $585,000 2 1 853 7321 Sqft
11142 Bingham Street, Cerritos, CA,90703 $988,800 3 2 1,468 5796 Sqft
19928 Meadows Court, Cerritos, CA,90703 $1,075,000 3 2 1,431 5002 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/02/2024 @ 08:36

MLS: ND24053325
LISTED BY: Tammy Willis, Compass
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $113,501 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion