$1,750,000
$1,850,000
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18620 Palo Verde AVE Cerritos, CA 90703
7,422 Sqft Lot
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24212013
Sold Date 02/20/25
HOA Y/N No
Year Built 1969
Lot Size 7,422 Sqft
Property Sub-Type Quadruplex
Property Description
Highly desired "Covington Home Quadruplex" in an EXCELLENT LOCATION!! RARELY on the market! Stand alone 4 Unit Building. Excellent condition with LONG TERM tenants. Beautiful manicured lawn with auto sprinklers. Open walk ways and yard. This 4 unit feels like its own private community! Front unit (A) is single level with 3 bedrooms, 2 baths, fireplace, front porch area, and a 1 car garage. Unit B is a single level with 2 bedroom, 2 baths and 2 single garages. Unit C is a 2 bedroom, 2 bath upper unit with a 1 car garage and a balcony. Unit D is a 1 bedroom, 1 bath upper unit with a 1 car garage. Units A, B and C all have Central Air and Forced Heating. Unit D has a wall window AC & Wall Heater. ALL 5 garages have newer roll up doors with auto openers and battery back ups, are deep (2 are Tandem-can park 2 cars in each) and have a large storage cabinet inside. There is a coin operated Laundry room-owned by Seller and a large central water Heater for these 4 units-on a separate owner meter. Tenants pay their own gas & electric (4 separate meters). GREAT schools, Cerritos Mall, restaurants and Cerritos Performing Arts Center, all located nearby. An Investors DREAM!
Location
State CA
County Los Angeles
Area Rd - Cerritos South Of 91 Frwy, W Of Norwalk
Zoning CERM
Interior
Heating Forced Air, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Vinyl
Fireplaces Type Family Room
Fireplace Yes
Appliance Dryer, Washer
Laundry Laundry Room
Exterior
Parking Features Door-Single, Garage, Garage Door Opener, Garage Faces Rear, On Street
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Total Parking Spaces 5
Private Pool No
Building
Lot Description Front Yard, Lawn, Level, Sprinklers Timer, Sprinkler System, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7038006013
Energy Description 980.0
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard, Trust
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Bought with Cindy Berg • Century 21 Discovery