18624 Del Rio Place, Cerritos, CA 90703
- $1,750,000
- Sold Price
- $1,750,000
- List Price
- $1,900,000
- Closing Date
- May 15, 2024
- Status
- CLOSED
- MLS#
- ND24053325
- Year Built
- 1969
- Lot Size
- 8,917
- Acres
- 0.20
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 27
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
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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Additional Information
- Appliances
- Dishwasher, Gas Range, Refrigerator, Water Heater, Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Exterior Construction
- Stucco
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Laminate Counters
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $103,800
- Operating Expense
- 7435
Listing courtesy of Listing Agent: Tammy Willis (realtortammywillis@gmail.com) from Listing Office: Compass.
Listing sold by Eddie Yeh from Keller and Associates Realty
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