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18624 Del Rio Pl, Cerritos, CA 90703
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18624 Del Rio Pl Cerritos, CA 90703

$1,900,000
  • 8 Beds
  • 7 Baths
  • 4,009 Sq.Ft.
Pending
$1,900,000 Get Pre-Qualified
Map preview of 18624 Del Rio Pl, Cerritos, CA 90703

Property Overview: 18624 Del Rio Pl Cerritos, CA has 8 bedrooms, 7 bathrooms, 4,009 living square feet and 8,917 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Tammy Willis | BRE #01372097 | Compass
Co-listed by Tierra Willis | BRE #01950680 | Compass
Last checked: 11 minutes ago | Last updated: April 26th, 2024 | Source CRMLS | DOM: 28
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Home details

Lot Sq. Ft
8,917
HOA Dues
$0/mo
Year built
1969
Garage
4 Car
Property Type:
Fourplex
Status
Pending
MLS#
ND24053325
City
Cerritos
County
Los Angeles
Time on Site
42 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,150
  • Total Rent: $3,150
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $103,800
  • Net Operating Income: $30,365
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,435
  • Electric: $810
  • Gas/Fuel: $1,420
  • Trash: $1,035
  • Insurance: $2,370
  • Water/Sewer: $1,800

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Property Details for 18624 Del Rio Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Individual Room, Washer Hookup, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Refrigerator, Water Heater Central
Interior Features
  • Ceiling Fan(s), Laminate Counters
  • Levels: Two
  • Window Features: Garden Window(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Garage, Garage Faces Rear, Garage - Single Door, Off Street, On Site
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7038006021
  • Year Built Source: Assessor
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: from 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
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Suburban
View more facts & features

Local Cerritos Agent

Sale History for 18624 Del Rio Pl

Last sold on January 31st, 2014

  • April, 2024

  • Apr 14, 2024

    Date

    Pending

    CRMLS: ND24053325

    $1,900,000

    Price

  • Mar 16, 2024

    Date

    Active

    CRMLS: ND24053325

    $1,900,000

    Price

  • January, 2014

  • Jan 31, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 18624 Del Rio Pl

Assessed Value (2020): $164,376
Year Land Value Improved Value Assessed Value
2020 $37,184 $127,192 $164,376

Home Value Compared to the Market

This property vs the competition

18624 Del Rio Pl is listed 93.88% higher than the median list price for the city of Cerritos which has a median list price of $980,000. The median price per/sqft for Cerritos is $621 and this home is listed at $473.93 per/sqft which puts the price per square foot 23.68% lower than the median price per square foot for the city of Cerritos.

About 18624 Del Rio Pl

Detailed summary of property

18624 Del Rio Pl is a fourplex located in Cerritos, CA 90703 and is currently in escrow to be sold. This fourplex offers 8 bedrooms, 7 bathrooms, roughly 4,009 living square feet, and sits on an approximately 8,917 square foot lot. 18624 Del Rio Pl was first listed on ArdentRealEstateGroup.com on March 16, 2024. The homeowner is currently asking $1,900,000. The median priced home in Cerritos is $980,000 with a median price per square foot of $621. Based on Ardent Real Estate Group's Cerritos Market Data, this home is listed 93.88% higher than the median priced home. Local competing homes currently for sale include 1825 Cherry Ave, 2507 E 14th St and 1512 N Stanton Pl. While the average home in Cerritos, CA is selling in 52 days, 18624 Del Rio Pl has a days on market of 28 days. There are currently 33 homes for sale in the Cerritos real estate market and 25 of them are single family homes while 4 of them are condos and 4 are townhomes. For more information on this home for sale at 18624 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 18624 Del Rio Pl

Public county record property details
Beds
8
Baths
7
Year built
1969
Sq. Ft.
4,009
Lot Size
8,914
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
21
APN
7038-006-021

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
$988,800
Median List Price/Sq.Ft.
$621
Median Sold Price
$1,100,000
Median Sold Price/Sq.Ft.
$623
Total Inventory
33
Median Sale to List Price %
100.09%
Avg Days on Market
7
Loan Type
Conventional (37.5%), FHA (12.5%), VA (0%), Cash (37.5%), Other (12.5%)

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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.

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