18714 Gridley Rd Cerritos, CA 90703

$4,200,000 Sold Price as of 07/14/2017

-- Beds
-- Baths
22,112 Sq.Ft.

Off Market

$4,200,000 Sold Price as of 07/14/2017 Refinance Your Mortgage

Map preview of 18714 Gridley Rd, Cerritos, CA 90703

Property Overview: 18714 Gridley Rd Cerritos, CA has -- bedrooms, -- bathrooms, 22,112 living square feet and 49,658 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

18714 Gridley Rd 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 18714 Gridley Rd

Last sold for $4,200,000 on July 14th, 2017

August, 2022
Aug 22, 2022

Date

Expired

CRMLS: PW21220349

$9,600,000

Price
Oct 6, 2021

Date

Active

CRMLS: PW21220349

$9,600,000

Price
Listing provided courtesy of CRMLS

Choice area, across from Cerritos Mall, quality standalone retail/showroom store constructed in 1996. Approximated total building square feet 22,112 . Total land is approximately 49,677, with about 46 parking spaces. The concrete block and stucco improvements consist of a large, open showroom and a rear 8,855 SqFt warehouse, with two dock-high loading doors. There are 46 surface parking spaces for a parking ratio of 2.08/1000. Presently occupied by AAA/Quality tenants with long term leases which provides a secure monthly income. High Visibility, and high traffic area. Excellent investment opportunity, low cap rate. Call for any additional information.

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December, 2020
Dec 23, 2020

Date

Expired

CRMLS: PW20013890

$9,999,999

Price
Jan 21, 2020

Date

Active

CRMLS: PW20013890

$9,999,999

Price
Listing provided courtesy of CRMLS

Great opportunity for an investor to acquire a free standing 22,112 square foot building in Cerritos, California, choice location in one of Southern California's busiest retail corridors. Building has been 100% occupied since completion. High traffic area with low historic vacancy rate. Present tenant is a fortune top 20, and the second present tenant is a publicly traded company with over 400 locations nationally. Tenant # one just entered into the third of five 5-year options, tenant #2 just started the first 5-year lease with two 5-year renewal options. Both Leases corporately guaranteed. Enjoy Solid Income with large national corporate guarantees. The building is located directly across from Macy's and the Cerritos mall, and located between a Wells Fargo and Target Super Center. The 91 and 605 Freeways are both less than a mile away. The Cerritos mall has just undergone an extensive remodel and additional square footage added to the mall to fulfill local demand. Retail vacancy rate currently in Cerritos is 2% according to the latest data Q1 2019. Cerritos annual tax revenue from 2009-2017 increased 49.6% showing a strong long term draw to the area for retail with strong annual growth.

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October, 2019
Oct 2, 2019

Date

Expired

CRMLS: PW18238703

$20

Price
Oct 1, 2018

Date

Active

CRMLS: PW18238703

$20

Price
Listing provided courtesy of CRMLS

20.40 per square foot, triple net. Located just north of South Street, on Gridley Road, across from Cerritos Mall. Outstanding building ready for occupancy, total square footage is 22122, (approx. 13000 showroom area, 9,000 warehouse area). Terrific for sale of Furniture, Appliances, electronics, etc. Located in very high traffic area, estimated at 63000 car per day, and highly visible. Ample parking with approximately 46 surface parking spaces. Built in 1996, Stucco & paint walls, concrete slab, one story, built up roof, doors metal and glass. Warehouse area with high ceilings (approx. 22 feet high) and two loading docs. Presently occupied by Seller and could be vacant within 60-days.

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October, 2019
Oct 2, 2019

Date

Expired

CRMLS: PW18238752

$6,995,000

Price
Apr 3, 2019

Date

Active

CRMLS: PW18238752

$6,995,000

Price
Dec 13, 2018

Date

Pending

CRMLS: PW18238752

$6,995,000

Price
Nov 18, 2018

Date

Price Change

CRMLS: PW18238752

$6,995,000

Price
Oct 1, 2018

Date

Active

CRMLS: PW18238752

$7,500,000

Price
Listing provided courtesy of CRMLS

Located just north of South Street on Gridley Road, across from Cerritos Mall, this is an excellent space for Retail, Restaurant, and many other commercial use. Also, this is a great property for redevelopment, Presently used for Retail, terrific for sale of Furniture, Appliances, Electronics, etc.. Self Standing property located in high traffic area, approximately 63000 cars per day, with its own surface parking area, 46 spaces,. Built in in 1996, Stucco & paint walls, concrete slab, one story, built up roof, doors metal and glass. Warehouse area with approximately 22 foot high ceilings, and two loading docs.

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October, 2018
Oct 27, 2018

Date

Expired

CRMLS: PW18102322

$7,500,000

Price
May 2, 2018

Date

Active

CRMLS: PW18102322

$7,500,000

Price
Listing provided courtesy of CRMLS

Located in Choice area, across from Cerritos Mall, this excellent building is a great find. High traffic area and with high visibility, this property has great potential for a variety of uses, present day it is occupied by a Furniture Retail Store. Approximate square footage is 22,122, of which approximately 13000 is showroom area with central air, and the remainder is warehouse area. Built in 1996, this Stucco building, with concrete slab, one story, built up roof, doors are metal and glass, two loading docs, and high ceilings. Large parking lot with approximately 46 parking spaces. Location is key to any successful business, this is an excellent location to start up or move your existing building.

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September, 2018
Sep 5, 2018

Date

Expired

CRMLS: PW17210321

--

Price
Sep 13, 2017

Date

Price Change

CRMLS: PW17210321

--

Price
Sep 11, 2017

Date

Active

CRMLS: PW17210321

$2

Price
Listing provided courtesy of CRMLS

Located just north of the corner of South Street and Gridley Road, across from the Cerritos Mall, this excellent space is ready for occupancy. Terrific for sale of Furniture, appliances, electronics, etc., located in high traffic area and highly visible. Large showroom 13,000 sq. ft. area plus 9000 sq. ft. approximately of warehouse space. Ample parking of approximately 46 surface parking spaces, come and check it out today. High traffic area, estimated at over 63000 cars per day on Gridley road. Built in 1996, Stucco & paint walls, concrete slab, One story, built up roof, doors metal and glass. Ready for occupancy. owner asking $1.70 per square foot triple net. Building also offered "for sale" at $7500000.

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July, 2017
Jul 14, 2017

Date

Sold (Public Records)

Public Records

$4,200,000

Price
March, 1996
Mar 8, 1996

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 18714 Gridley Rd

Assessed Value (2020): $4,369,680

Year	Land Value	Improved Value	Assessed Value
2020	$3,121,200	$1,248,480	$4,369,680

About 18714 Gridley Rd

Detailed summary of property

18714 Gridley Rd is categorized with a use code of Retail Stores ( Personal Services, Photography, Travel) in Cerritos, CA 90703 and last sold on July 14, 2017 for $4,200,000. This property has -- bedrooms, -- bathrooms, roughly 22,112 living square feet, and sits on an approximately 49,658 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 300% higher than the current median priced home. 18714 Gridley Rd was last sold on July 14, 2017 for $4,200,000. Local nearby listings include 19106 Fagan Court, 11716 Arkansas St #E and 11722 Arkansas St #D. 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 18714 Gridley Rd Cerritos, CA 90703 contact Ardent Real Estate Group and we will put you in touch with one of our Cerritos agents.

Public Facts for 18714 Gridley Rd

Public county record property details

Beds: --
Baths: --
Year built: 1996
Sq. Ft.: 22,112
Lot Size: 49,658
Stories: --

Type: Retail Stores ( Personal Services, Photography, Travel)
Pool: No
Spa: No
County: Los Angeles
Lot#: --
APN: 7039-019-076

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

$1,058,000

Median List Price/Sq.Ft.

$631

Median Sold Price

$1,030,000

Median Sold Price/Sq.Ft.

$627

Total Inventory

Median Sale to List Price %

93.81%

Avg Days on Market

Loan Type

Conventional (41.67%), FHA (8.33%), VA (0%), Cash (29.17%), Other (20.83%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message

(714) 706-1823

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