18624 Del Rio Place Cerritos, CA $ 1,900,000
18624 Del Rio Place
$ 1,900,000
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18624 Del Rio Place

Cerritos, CA, 90703
$ 1,900,000
Bedrooms3 Baths2.0 Sq 4,009

Monthly Estimate*

$ 13,272

Listed by Compass
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Multi-Family Home for sale in Cerritos, CA

for $1,900,000 with 3 bedrooms and 2 full baths. This 4,009 square foot home was built in 1969 on a lot size of 0.2047.

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.

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Multi-Family Pending

Price

$ 1,900,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.2047

Year Built

1969

Town/City

Cerritos

County/Region

Los Angeles

MLS | Web ID

ND24053325

Days on Market

49

Features
General
Interior Features CeilingFans LaminateCounters
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Appliances Dishwasher GasRange Refrigerator WaterHeater Dryer Washer
Zoning CERM
HOA 0.0
Garage Spaces 4.0
Pool Features None
Construction Materials Stucco
Year Built 1969
Electric ElectricityOnProperty
Tenant Pays CableTV Electricity Gas
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 37800.0
Community Features Curbs Gutters Suburban Sidewalks
County Los Angeles
Net Operating Income 30365.0
Operating Expense 7435.0
Insurance Expense 2370.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Special Listing Conditions Trust
Status Pending
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
City Cerritos
Entry Location front
View Y/N N
Senior Community Y/N N
Open Parking Spaces 6.0
Total Units 4
MLS Area RD - Cerritos South of 91 Frwy W of Norwalk
Lot Size Square Feet 8917.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 2
Street Name Del Rio
Listing Terms Cash Conventional Item1031Exchange
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 810.0
Home Warranty Y/N N
Fuel Expense 1420.0
Property Condition Turnkey
Trash Expense 1035.0
Water Sewer Expense 1800.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 28
Building Area Units SquareFeet
Standard Status Pending
Year Built Source Assessor
Tax Lot 21
Total Actual Rent 3150.0
Property Sub Type Additional Quadruplex
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Exterior
Parking Features DoorSingle Garage OnSite OffStreet GarageFacesRear
Lot Features Item01UnitAcre
Water Source Public
Total Parking 10.0
Lot Size Area 8917.0
Foundation Details Slab
Number of Buildings 1
Spa N
Building Area Total 4009.0
Lot Size Acres 0.2047
Road Surface Type AlleyPaved Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Road Frontage Type Alley CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features LivingRoom
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features GardenWindows
Fireplace Y/N Y
Street Suffix Place
Laundry Features CommonArea WasherHookup LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 18624
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* Excluded Features
List By
Compass

Broker

(619) 549-9166

Phone

Affordability Calculator

$13,272
Per Month
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Monthly Principal & Interest
$13,272
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/16/2024$1,900,000 Listed Price

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18624 Del Rio Place, Cerritos, CA, 90703 is a Multi-Family Home for sale at $1,900,000 with 4,009 sqft and a lot size of 0.2047. 18624 Del Rio Place has 3 bedrooms, 2.0 baths, and was built in 1969. The property's zip code is 90703 which is in Cerritos, CA