18620 Palo Verde Avenue, Cerritos, CA 90703
- $1,750,000
- Sold Price
- $1,750,000
- List Price
- $1,850,000
- Closing Date
- Feb 20, 2025
- Status
- CLOSED
- MLS#
- PW24212013
- Year Built
- 1969
- Lot Size
- 7,423
- Acres
- 0.17
- Lot Location
- Front Yard, Lawn, Level, Sprinklers Timer, Sprinkler System, Yard
- Days on Market
- 92
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
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!
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Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Fireplace Description
- Family Room
- Heat
- Forced Air, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Central Air, Wall/Window Unit(s)
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $101,640
- Operating Expense
- 6929
Listing courtesy of Listing Agent: Cindy Berg (cindybergsellshomes@gmail.com) from Listing Office: Century 21 Discovery.
Listing sold by Cindy Berg from Century 21 Discovery
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