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Sold for $1,750,000 on 02/20/25
  • Listing Provided by: 

    Cindy Berg DRE #01190975 714-272-0779,

    Century 21 Discovery

    Bought with: Century 21 Discovery
    $1,750,000

    18620 Palo Verde Ave, Cerritos, CA 90703

    8beds
    7baths
    4,084sqft
    Quadruplex
    Built in 1969
    -- sqft lot
    $1,715,100 Zestimate®
    $429/sqft
    $3,483 Estimated rent

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    $10,944/mo

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    What's special

    Highly desired "Covington Home Quadruplex" in an EXCELLENT LOCATION!! RARELY on the market! Stand alone 4 Unit Building. Excellent condition with LONG TERM tenants. Beautiful manicured lawn with auto sprinklers. Open walk ways and yard. This 4 unit feels like its own private community! Front unit (A) is single level with 3 bedrooms, 2 baths, fireplace, front porch area, and a 1 car garage. Unit B is a single level with 2 bedroom, 2 baths and 2 single garages. Unit C is a 2 bedroom, 2 bath upper unit with a 1 car garage and a balcony. Unit D is a 1 bedroom, 1 bath upper unit with a 1 car garage. Units A, B and C all have Central Air and Forced Heating. Unit D has a wall window AC & Wall Heater. ALL 5 garages have newer roll up doors with auto openers and battery back ups, are deep (2 are Tandem-can park 2 cars in each) and have a large storage cabinet inside. There is a coin operated Laundry room-owned by Seller and a large central water Heater for these 4 units-on a separate owner meter. Tenants pay their own gas & electric (4 separate meters). GREAT schools, Cerritos Mall, restaurants and Cerritos Performing Arts Center, all located nearby. An Investors DREAM!

    Zillow last checked: 8 hours ago

    Listing updated: February 20, 2025 at 06:18pm

    Listing Provided by:

    Cindy Berg DRE #01190975 714-272-0779,

    Century 21 Discovery

    Bought with:

    Cindy Berg, DRE #01190975

    Century 21 Discovery

    Source: CRMLS,MLS#: PW24212013MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 7
    Heating
    • Forced Air, Wall Furnace
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Dryer, Washer
    • Laundry: Laundry Room
    Features
    • Flooring: Carpet, Vinyl
    • Has fireplace: Yes
    • Fireplace features: Family Room
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,084
    • Total interior livable area: 4,084 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Door-Single, Garage, Garage Door Opener, Garage Faces Rear, On Street
    • Garage spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: ground + 1
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 7,423 sqft
    • Features: Front Yard, Lawn, Level, Sprinklers Timer, Sprinkler System, Yard
    Details
    • Parcel number: 7038006013
    • Zoning: CERM
    • Special conditions: Standard,Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1969
    Details
    • Builder name: Covington

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: Cerritos

    HOA & financial

    Other financial information
    • Total actual rent: 8400

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
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    Estimated market value
    $1,715,100