11824 South St Cerritos, CA 90703

$16,300,000 Sold Price as of 01/12/2016

-- Beds
-- Baths
11,627 Sq.Ft.

Off Market

$16,300,000 Sold Price as of 01/12/2016 Refinance Your Mortgage

Map preview of 11824 South St, Cerritos, CA 90703

Property Overview: 11824 South St Cerritos, CA has -- bedrooms, -- bathrooms, 11,627 living square feet and 27,665 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

11824 South St is currently an off market home in the city of Cerritos. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Cerritos has a median list price of $1,075,000. The median price per/sqft for Cerritos is $619. With those numbers in mind, if you are looking to purchase a median priced home in Cerritos, CA and put 20% down you will need to save up $215,000 for the down payment and will need roughly $21,500 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Cerritos the commission could be as much as $52,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 11824 South St

Last sold for $16,300,000 on January 12th, 2016

October, 2018
Oct 16, 2018

Date

Expired

CRMLS: RS18116269

$378,888

Price
May 18, 2018

Date

Active

CRMLS: RS18116269

$378,888

Price
Listing provided courtesy of CRMLS

Chinese Restaurant for Sale in prime location of Cerritos! This Located near the busy intersection of South St and Pioneer Blvd, across from East West Bank and adjacent to the new Lincoln Plaza. This established restaurant houses 2 floors with enough capacity to hold up to 700 guests! Ideal venue for hosting wedding receptions, birthday parties and celebrations. Gorgeous chandelier ceilings, beautiful accent decor throughout and large salt water fish tank. 2 full bars (one on each floor) with liquor license included in price. Fully equipped restaurant.

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January, 2016
Jan 12, 2016

Date

Sold (Public Records)

Public Records

$16,300,000

Price
September, 2014
Sep 24, 2014

Date

Sold (Public Records)

Public Records

$12,500,000

Price

Tax History for 11824 South St

Assessed Value (2020): $4,988,928

Year	Land Value	Improved Value	Assessed Value
2020	$2,824,064	$2,164,864	$4,988,928

About 11824 South St

Detailed summary of property

11824 South St is categorized with a use code of Restaurant in Cerritos, CA 90703 and last sold on January 12, 2016 for $16,300,000. This property has -- bedrooms, -- bathrooms, roughly 11,627 living square feet, and sits on an approximately 27,665 square foot lot. Homes in Cerritos are selling for a median price of $1,050,000 and a median price per square foot of $650. Based on Ardent Real Estate Group's Cerritos Market Data, this home is sold 1452.38% higher than the current median priced home. 11824 South St was last sold on January 12, 2016 for $16,300,000. Local nearby listings include 12530 Inglenook Ln, 11722 Arkansas St #D and 11716 Arkansas St #E. The average home in Cerritos, CA is selling in 45 days. There are currently 55 homes for sale in the Cerritos real estate market and 45 of them are single family homes while 7 of them are condos and 3 are townhomes. If you are the homeowner and looking to sell the home at 11824 South St Cerritos, CA 90703 contact Ardent Real Estate Group and we will put you in touch with one of our Cerritos agents.

Public Facts for 11824 South St

Public county record property details

Beds: --
Baths: --
Year built: 1990
Sq. Ft.: 11,627
Lot Size: 27,665
Stories: 1

Type: Restaurant
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 7054-001-059

The source for these homes facts are from public records.

90703 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,075,000

Median List Price/Sq.Ft.

$619

Median Sold Price

$1,083,100

Median Sold Price/Sq.Ft.

$606

Total Inventory

Median Sale to List Price %

102.37%

Avg Days on Market

Loan Type

Conventional (46.43%), FHA (14.29%), VA (0%), Cash (28.57%), Other (10.71%)

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(714) 706-1823

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