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Cerritos, CA 90703 18624 Del Rio Place

$1,900,000

Pending
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Presented By: Tammy Willis with Compass; 619-549-9166
  • MLS# ND24053325
  • 03/16/2024
  • Request Tour
  • Request Info
  • BedBeds • 3
  • BathBaths • 2
  • FootageSQFT • 4,009
  • GarageGarage • 4

Home Details

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.
Presented By: Tammy Willis with Compass; 619-549-9166

Interior Features for 18624 Del Rio Place

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesCommonArea, WasherHookup, LaundryRoom
Street SuffixPlace
Total Stories2
Window FeaturesGardenWindows

Other Rooms

Entry Level1

General for 18624 Del Rio Place

Additional Parcels Y/NNo
AppliancesDishwasher, GasRange, Refrigerator, WaterHeater, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityCerritos
Community FeaturesCurbs, Gutters, Suburban, Sidewalks
Construction MaterialsStucco
CoolingCentralAir
CountyLos Angeles
Days on Market28
Directionsfrom 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
ElectricElectricityOnProperty
Electric Expense810.0
Entry Locationfront
Fuel Expense1420.0
Garage Spaces4.0
Garage Y/NYes
Gross Income37800.0
HOA0.0
HOA / Comm AssnNo
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2370.0
Interior FeaturesCeilingFans, LaminateCounters
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Item1031Exchange
Lot Size Square Feet8917.0
MLS AreaRD - Cerritos South of 91 Frwy, W of Norwalk
MobileHomeRemainsYNNo
Net Operating Income30365.0
New ConstructionNo
Number of Units Leased2
Open Parking Spaces6.0
Operating Expense7435.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusPending
StatusPending
Stories2
Street NameDel Rio
Tax Lot21
Tenant PaysCableTV, Electricity, Gas
Total Actual Rent3150.0
Total Units4
Trash Expense1035.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
View Y/NNo
Water Sewer Expense1800.0
Waterfront Y/NNo
Year Built1969
Year Built SourceAssessor
ZoningCERM

Exterior for 18624 Del Rio Place

Building Area Total4009.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.2047
Lot Size Area8917.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesDoorSingle, Garage, OnSite, OffStreet, GarageFacesRear
Road Frontage TypeAlley, CityStreet
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking10.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,900,000
MLS#ND24053325
List Date 03/16/2024
Property Type Pending
Phone 714.964.3311
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Request Info
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