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Sold for $1,750,000 on 05/15/24
  • Listing Provided by: 

    Tammy Willis DRE #01372097 619-549-9166,

    Compass,

    Tierra Willis DRE #01950680 619-942-3175,

    Compass

    Bought with: Keller and Associates Realty
    $1,750,000

    18624 Del Rio Pl, Cerritos, CA 90703

    8beds
    7baths
    4,009sqft
    Quadruplex
    Built in 1969
    -- sqft lot
    $1,720,800 Zestimate®
    $437/sqft
    $3,502 Estimated rent

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: May 15, 2024 at 06:46pm

    Listing Provided by:

    Tammy Willis DRE #01372097 619-549-9166,

    Compass,

    Tierra Willis DRE #01950680 619-942-3175,

    Compass

    Bought with:

    Eddie Yeh, DRE #01332797

    Keller and Associates Realty

    Source: CRMLS,MLS#: ND24053325MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 7
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Gas Range, Refrigerator, Water Heater, Dryer, Washer
    • Laundry: Common Area, Washer Hookup, Laundry Room
    Features
    • Ceiling Fan(s), Laminate Counters
    • Windows: Garden Window(s)
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,009
    • Total interior livable area: 4,009 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Door-Single, Garage, On Site, Off Street, Garage Faces Rear
    • Garage spaces: 4
    • Uncovered spaces: 6
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: front
    • Pool features: None
    • Spa features: None
    Lot
    • Size: 8,917 sqft
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 7038006021
    • Zoning: CERM
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Foundation: Slab
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Electric: Electricity - On Property
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Suburban, Sidewalks
    Location
    • Region: Cerritos

    HOA & financial

    Other financial information
    • Total actual rent: 3150

    Other

    Other facts
    • Listing terms: Cash,Conventional,1031 Exchange
    • Road surface type: Alley Paved, Paved
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    Estimated market value
    $1,720,800