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18812 Palo Verde Ave, Cerritos, CA 90703
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18812 Palo Verde Ave Cerritos, CA 90703

$1,400,000 Sold Price as of 06/23/2020
  • 8 Beds
  • 6 Baths
  • 4,305 Sq.Ft.
Sold
$1,400,000 Sold Price as of 06/23/2020 Refinance Your Mortgage
Map preview of 18812 Palo Verde Ave, Cerritos, CA 90703

Property Overview: 18812 Palo Verde Ave Cerritos, CA has 8 bedrooms, 6 bathrooms, 4,305 living square feet and 8,469 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A very rare opportunity to own 4 units in Cerritos. Perfect for owner user. Three Bedroom two Bath unit in front is perfect for owner. Fireplace and many upgrades make this feel like a home than an apartment. There is an in-ground spa for front unit's use. Gated courtyard features water fountain and lots of attractive hardscape features, providing tenants with lots of outdoor options. Coin operated laundry next to garage is convenient. There are 4 single door garages and 3 parking stalls on property.

Listed by Johnny Carmona | BRE #00770023 | Realty Executives Select
Co-listed by Rebecca Carmona | BRE #01099681 | Realty Executives Select
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 15

Home details

Lot Sq. Ft
8,469
HOA Dues
$0/mo
Year built
1969
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20048111
City
Cerritos
County
Los Angeles
Time on Site
1388 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
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: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,700
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: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $94,200
  • Net Operating Income: $74,200
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $20,000
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $873
  • Insurance: $0
  • Water/Sewer: $873

Property Details for 18812 Palo Verde Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric
Heating Information
  • Has Heating
  • Forced Air, Natural Gas
Laundry Information
  • Has Laundry
  • Common Area, Community, Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room, Gas, Wood Burning
Room Information
  • Flooring: Carpet, Tile, Vinyl
  • Atrium
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Asphalt
  • Has Fence
  • Block
  • Has Spa
  • Spa Features: Private, In Ground
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Back Yard, Front Yard, Level with Street, Lot 6500-9999, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7038006029
  • Year Built Source: Public Records
  • Entry Level: 1
  • Foundation Details: Slab
  • Property is Attached
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify
Location / Neighborhood
Location Information
  • Directions: On East Side of Palo Verde just North of South Street
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
View more facts & features

Local Cerritos Agent

Sale History for 18812 Palo Verde Ave

Last sold for $1,400,000 on June 23rd, 2020

  • June, 2020

  • Jun 23, 2020

    Date

    Sold

    CRMLS: PW20048111

    $1,400,000

    Price

  • Jun 17, 2020

    Date

    Pending

    CRMLS: PW20048111

    $1,399,888

    Price

  • Mar 19, 2020

    Date

    Active Under Contract

    CRMLS: PW20048111

    $1,399,888

    Price

  • Mar 4, 2020

    Date

    Active

    CRMLS: PW20048111

    $1,399,888

    Price

  • June, 2020

  • Jun 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,400,000

    Price

  • June, 2020

  • Jun 23, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 18812 Palo Verde Ave

Assessed Value (2020): $480,195
Year Land Value Improved Value Assessed Value
2020 $132,954 $347,241 $480,195

Home Value Compared to the Market

This property vs the competition

18812 Palo Verde Ave sold on June 23, 2020 for 27.16% 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 $325.18 per/sqft which puts the price per square foot 51.25% lower than the current median sale per square foot for the city of Cerritos.

About 18812 Palo Verde Ave

Detailed summary of property

18812 Palo Verde Ave is a multi family that recently sold in Cerritos, CA 90703. This multi family property offered 8 bedrooms, 6 bathrooms, roughly 4,305 living square feet, and sits on an approximately 8,469 square foot lot. 18812 Palo Verde Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,400,000. 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 27.16% higher than the current median priced home. Local homes that are currently for sale include 1615 Cherry Ave, 720 Coronado Ave and 4110 E Vermont St. While the average home in Cerritos, CA is selling in 41 days, 18812 Palo Verde Ave 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 18812 Palo Verde Ave Cerritos, CA 90703 contact Ardent Real Estate Group and we will put you in touch with one of our Cerritos agents.

Public Facts for 18812 Palo Verde Ave

Public county record property details
Beds
9
Baths
7
Year built
1969
Sq. Ft.
4,305
Lot Size
8,469
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
Yes
County
Los Angeles
Lot#
5
APN
7038-006-029

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?

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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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