Search
18602 Del Rio Pl, Cerritos, CA 90703
View Photos

18602 Del Rio Pl Cerritos, CA 90703

$1,470,000 Sold Price as of 12/18/2020
  • 8 Beds
  • 7 Baths
  • 3,921 Sq.Ft.
Sold
$1,470,000 Sold Price as of 12/18/2020 Refinance Your Mortgage
Map preview of 18602 Del Rio Pl, Cerritos, CA 90703

Property Overview: 18602 Del Rio Pl Cerritos, CA has 8 bedrooms, 7 bathrooms, 3,921 living square feet and 11,299 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market in 21 years!! Great 4-unit Investment property in the city Cerritos!! Unit Mix of 1- 3-bedroom/ 2-bathroom unit, 2- 2-Bedroom/ 2-bathroom units and 1- 1-Bedroom/1-Bathroom unit. All units come with garages and plenty of parking on the property. Laundry room with wash & dryer coin operated. It is located in one of the stable rental markets in the city of Cerritos!! Low vacancy with potential in rental income. Great opportunity for Owner/User to live in one unit and collect rents from the other 3 units. Easy access to freeways, Cerritos Mall, Retail, and Dining. This property will not last long!!! Bring your Offers ASAP!!!

Listed by Jignesh Patel | BRE #01941349 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by John McCann | BRE #01963932 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
11,299
HOA Dues
$0/mo
Year built
1969
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB20203514
City
Cerritos
County
Los Angeles
Time on Site
1319 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,358
  • Total Rent: $2,358
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $89,796
  • Net Operating Income: $59,002
  • Gross Operating Income: --
  • Vacancy Allowance: $2,693
Annual Expense Breakdown
  • Total Operating Expense: $28,102
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 18602 Del Rio Pl

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 2-5 Units/Acre, Walkstreet
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7038006024
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off 605 South exit South Street make right. Right on Palo Verde Ave, right on Droxford St left on Del Rio Pl
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Cerritos Agent

Sale History for 18602 Del Rio Pl

Last sold for $1,470,000 on December 18th, 2020

  • December, 2020

  • Dec 18, 2020

    Date

    Sold

    CRMLS: SB20203514

    $1,470,000

    Price

  • Oct 28, 2020

    Date

    Pending

    CRMLS: SB20203514

    $1,450,000

    Price

  • Oct 6, 2020

    Date

    Active

    CRMLS: SB20203514

    $1,450,000

    Price

  • Sep 29, 2020

    Date

    Coming Soon

    CRMLS: SB20203514

    $1,450,000

    Price

  • December, 2020

  • Dec 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,470,000

    Price

  • September, 2020

  • Sep 26, 2020

    Date

    Canceled

    CRMLS: TR20157246

    $1,470,000

    Price

  • Sep 24, 2020

    Date

    Active Under Contract

    CRMLS: TR20157246

    $1,470,000

    Price

  • Aug 7, 2020

    Date

    Pending

    CRMLS: TR20157246

    $1,470,000

    Price

  • Aug 6, 2020

    Date

    Active Under Contract

    CRMLS: TR20157246

    $1,470,000

    Price

  • Aug 6, 2020

    Date

    Active

    CRMLS: TR20157246

    $1,470,000

    Price

  • Listing provided courtesy of CRMLS

    Lovely 4 unit investment property in the best location!!! All units have a one-car garage and one outdoor parking spot. Laundry room with wash & dryer coin-operated. Large grass yard, perfect for families within walking distance to school. 3 of the 4 units are rented. Great tenants always one time with rent and take care of the property.

  • March, 1999

  • Mar 25, 1999

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

Show More

Tax History for 18602 Del Rio Pl

Assessed Value (2020): $501,700
Year Land Value Improved Value Assessed Value
2020 $253,716 $247,984 $501,700

Home Value Compared to the Market

This property vs the competition

18602 Del Rio Pl sold on December 18, 2020 for 31.71% higher than the current median sold price for the city of Cerritos which is $1,100,888. The median sold price per/sqft for Cerritos is $667 and this home is sold at $369.8 per/sqft which puts the price per square foot 44.56% lower than the current median sale per square foot for the city of Cerritos.

About 18602 Del Rio Pl

Detailed summary of property

18602 Del Rio Pl is a multi family that recently sold in Cerritos, CA 90703. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 3,921 living square feet, and sits on an approximately 11,299 square foot lot. 18602 Del Rio Pl was first listed on ArdentRealEstateGroup.com on September 29, 2020. The homeowner sold the property for $1,470,000. Home in Cerritos are selling for a median price of $1,100,888 and a median price per square foot of $667. Based on Ardent Real Estate Group's Cerritos Market Data, this home is sold 31.71% higher than the current median priced home. Local homes that are currently for sale include 3915 E 11th St, 1825 Cherry Ave and 13976 Coteau Dr. While the average home in Cerritos, CA is selling in 41 days, 18602 Del Rio Pl has a days on market of 15 days. There are currently 40 homes for sale in the Cerritos real estate market and 28 of them are single family homes while 8 of them are condos and 4 are townhomes. For more information on this home for sale at 18602 Del Rio Pl Cerritos, CA 90703 contact Ardent Real Estate Group and we will put you in touch with one of our Cerritos agents.

Public Facts for 18602 Del Rio Pl

Public county record property details
Beds
8
Baths
7
Year built
1969
Sq. Ft.
3,921
Lot Size
11,298
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7038-006-024

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
$998,000
Median List Price/Sq.Ft.
$619
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
37
Median Sale to List Price %
112.36%
Avg Days on Market
10
Loan Type
Conventional (77.78%), FHA (0%), VA (0%), Cash (11.11%), Other (5.56%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 18602 Del Rio Pl

Nearby Homes for Sale

7020 Schroll St, Lakewood, CA 90713
$1,450,000
4 Beds
4 Baths
2059 Sq.Ft.
7020 Schroll St
Lakewood, CA 90713
20611 Arline Ave, Lakewood, CA 90715
$1,475,000
6 Beds
4 Baths
2244 Sq.Ft.
20611 Arline Ave
Lakewood, CA 90715
4851 Faculty Ave, Long Beach, CA 90808
$1,695,000
5 Beds
5 Baths
2451 Sq.Ft.
4851 Faculty Ave
Long Beach, CA 90808
4851 Faculty Ave, Long Beach, CA 90808
$1,695,000
5 Beds
5 Baths
2451 Sq.Ft.
4851 Faculty Ave
Long Beach, CA 90808
6554 Hammond Ave, Long Beach, CA 90805
$1,399,000
8 Beds
5 Baths
4016 Sq.Ft.
6554 Hammond Ave
Long Beach, CA 90805
11972 Walnut St, Norwalk, CA 90650
$1,350,000
8 Beds
6 Baths
3840 Sq.Ft.
11972 Walnut St
Norwalk, CA 90650
8721 Lyndora St, Downey, CA 90242
$1,274,000
8 Beds
4 Baths
3000 Sq.Ft.
8721 Lyndora St
Downey, CA 90242
2221 Granada Ave, Long Beach, CA 90815
$1,350,000
4 Beds
1 Baths
1794 Sq.Ft.
2221 Granada Ave
Long Beach, CA 90815
309 E Louise St, Long Beach, CA 90805
$1,200,000
4 Beds
4 Baths
2562 Sq.Ft.
309 E Louise St
Long Beach, CA 90805
1761 Redondo Ave, Long Beach, CA 90804
$1,590,000
32 Beds
16 Baths
3360 Sq.Ft.
1761 Redondo Ave
Long Beach, CA 90804
3239 E Wilton St, Long Beach, CA 90804
$1,575,000
5 Beds
5 Baths
2510 Sq.Ft.
3239 E Wilton St
Long Beach, CA 90804
1000 Ximeno Ave, Long Beach, CA 90804
$1,700,000
4 Beds
4 Baths
2499 Sq.Ft.
1000 Ximeno Ave
Long Beach, CA 90804

Recently Sold Homes Near 18602 Del Rio Pl

18608 Del Rio Pl, Cerritos, CA 90703
$1,450,000 Last Sold Price
8 Beds
7 Baths
3921 Sq.Ft.
18608 Del Rio Pl
Cerritos, CA 90703
18609 Del Rio Pl, Cerritos, CA 90703
$1,450,000 Last Sold Price
9 Beds
7 Baths
4065 Sq.Ft.
18609 Del Rio Pl
Cerritos, CA 90703
18812 Palo Verde Ave, Cerritos, CA 90703
$1,400,000 Last Sold Price
8 Beds
6 Baths
4305 Sq.Ft.
18812 Palo Verde Ave
Cerritos, CA 90703
5915 Woodruff Ave, Lakewood, CA 90713
$1,425,000 Last Sold Price
9 Beds
5 Baths
4231 Sq.Ft.
5915 Woodruff Ave
Lakewood, CA 90713

Related Resources to 18602 Del Rio Pl

New Listings in 90703
Popular Zip Codes
Popular Cities
Other Cerritos Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote