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!
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
Owner options
What's special
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#: PW24212013
Originating 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