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.
Sold for $1,750,000
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
$1,860,000 Zestimate®
$437/sqft
$3,968 Estimated rent
Home value
$1,860,000
$1.71M - $2.05M
$3,968/mo
Zestimate® history
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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#: ND24053325
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & 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
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2024 | Sold | $1,750,000-7.9%$437/sqft |
Source:  CRMLS #ND24053325 Report a problem | ||
| 4/14/2024 | Pending sale | $1,900,000$474/sqft |
Source: CRMLS #ND24053325 Report a problem | ||
| 3/16/2024 | Listed for sale | $1,900,000$474/sqft |
Source: CRMLS #ND24053325 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,393 +587.2% | $1,785,000 +913.2% |
| 2024 | $3,113 +3.6% | $176,167 +2% |
| 2023 | $3,004 +2.3% | $172,734 +2% |
Find assessor info on the county website
Neighborhood: 90703
Nearby schools
GreatSchools rating
- 7/10Esther Lindstrom Elementary SchoolGrades: K-6Distance: 1.1 mi
- 4/10Mayfair High SchoolGrades: 7-12Distance: 0.6 mi
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Estimated market value
$1,860,000
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,860,000
- California
- Los Angeles County
- Cerritos
- 90703
- 18624 Del Rio Pl