Search
18608 Del Rio Pl, Cerritos, CA 90703
View Photos

18608 Del Rio Pl Cerritos, CA 90703

$1,450,000 Sold Price as of 08/19/2019
  • 8 Beds
  • 7 Baths
  • 3,921 Sq.Ft.
Sold
$1,450,000 Sold Price as of 08/19/2019 Refinance Your Mortgage
Map preview of 18608 Del Rio Pl, Cerritos, CA 90703

Property Overview: 18608 Del Rio Pl Cerritos, CA has 8 bedrooms, 7 bathrooms, 3,921 living square feet and 8,712 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 18608 Del Rio Place is 4-unit multifamily investment property located in Cerritos, one of the strongest rental markets in Southern California. Situated on a 0.20-acre lot, the 3,921 square foot property consists of one-, two-, and three-bedroom floor plans and offers amenities including garage and open parking, private balconies or patios, security doors, and on-site laundry. Per the city of Cerritos' 2019 Local Profile, just 2.7 percent of the total housing in the city are 2-4 unit properties.

Listed by Kurt Hediger | BRE #01846649 | Marcus & Millichap RE Invest
Last checked: 15 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
8,712
HOA Dues
$0/mo
Year built
1969
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC19132984
City
Cerritos
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,550
  • Total Rent: $3,550
  • Pro Forma/Market Rent: $3,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,299
  • Total Rent: $2,299
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $88,968
  • Net Operating Income: $59,268
  • Gross Operating Income: $86,322
Annual Expense Breakdown
  • Total Operating Expense: $27,054
  • Electric: $873
  • Gas/Fuel: $873
  • Licenses: $1,200
  • New Taxes: $16,788
  • Trash: $873
  • Insurance: $2,054
  • Maintenance: $2,000
  • Water/Sewer: $873
  • Other Expenses: $1,520
  • Other Expense Description: other

Property Details for 18608 Del Rio Pl

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 9
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7038006018
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: South Street and Palo Verde Avenue
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Cerritos Agent

Sale History for 18608 Del Rio Pl

Last sold for $1,450,000 on August 19th, 2019

  • August, 2019

  • Aug 19, 2019

    Date

    Sold

    CRMLS: OC19132984

    $1,450,000

    Price

  • Jul 15, 2019

    Date

    Pending

    CRMLS: OC19132984

    $1,450,000

    Price

  • Jun 19, 2019

    Date

    Active Under Contract

    CRMLS: OC19132984

    $1,450,000

    Price

  • Jun 6, 2019

    Date

    Active

    CRMLS: OC19132984

    $1,450,000

    Price

  • August, 2019

  • Aug 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,450,000

    Price

  • January, 2019

  • Jan 30, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 18608 Del Rio Pl

Assessed Value (2020): $1,450,000
Year Land Value Improved Value Assessed Value
2020 $870,000 $580,000 $1,450,000

Home Value Compared to the Market

This property vs the competition

18608 Del Rio Pl sold on August 19, 2019 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 18608 Del Rio Pl

Detailed summary of property

18608 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 8,712 square foot lot. 18608 Del Rio Pl was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,450,000. 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 1120 Stanley Ave, 13976 Coteau Dr and 1615 Cherry Ave. While the average home in Cerritos, CA is selling in 38 days, 18608 Del Rio Pl has a days on market of 11 days. There are currently 45 homes for sale in the Cerritos real estate market and 33 of them are single family homes while 9 of them are condos and 3 are townhomes. For more information on this home for sale at 18608 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 18608 Del Rio Pl

Public county record property details
Beds
8
Baths
7
Year built
1969
Sq. Ft.
3,921
Lot Size
8,489
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
7038-006-018

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
$1,050,000
Median List Price/Sq.Ft.
$597
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
43
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 18608 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
6554 Hammond Ave, Long Beach, CA 90805
$1,399,000
8 Beds
5 Baths
4016 Sq.Ft.
6554 Hammond Ave
Long Beach, CA 90805
5847 Cherry Ave, Long Beach, CA 90805
$1,400,000
4 Beds
5 Baths
3520 Sq.Ft.
5847 Cherry Ave
Long Beach, CA 90805
8721 Lyndora St, Downey, CA 90242
$1,274,000
8 Beds
4 Baths
3000 Sq.Ft.
8721 Lyndora St
Downey, CA 90242
Open 6/1 12pm-4pm
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
1000 Ximeno Ave, Long Beach, CA 90804
$1,700,000
4 Beds
4 Baths
2499 Sq.Ft.
1000 Ximeno Ave
Long Beach, CA 90804
3915 E 11th St, Long Beach, CA 90804
$1,295,000
7 Beds
4 Baths
3091 Sq.Ft.
3915 E 11th St
Long Beach, CA 90804
1825 Cherry Ave, Long Beach, CA 90806
$1,550,000
8 Beds
6 Baths
3986 Sq.Ft.
1825 Cherry Ave
Long Beach, CA 90806

Recently Sold Homes Near 18608 Del Rio Pl

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
18602 Del Rio Pl, Cerritos, CA 90703
$1,470,000 Last Sold Price
8 Beds
7 Baths
3921 Sq.Ft.
18602 Del Rio Pl
Cerritos, CA 90703
18624 Del Rio Pl, Cerritos, CA 90703
$1,750,000 Last Sold Price
8 Beds
7 Baths
4009 Sq.Ft.
18624 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

Related Resources to 18608 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