18620 Palo Verde Avenue Cerritos, CA 90703
Listing Courtesy of: CRMLS / Century 21 Discovery / Cindy Berg - Contact:  714-272-0779

  18620 Palo Verde Avenue Cerritos, CA 90703

Active (64 Days)
$1,850,000

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 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!

MLS #:
PW24212013
Lot Size
7,423 SQFT
Type
Multifamily
Year Built
1969
County
Los Angeles County

Listed By

Cindy Berg, Century 21 Discovery, Contact: 714-272-0779
Source
CRMLS
Last checked Dec 22 2024 at 10:47 PM GMT+0000
Bathroom Details
Interior Features
  • Washer
  • Dryer
  • Laundry: Laundry Room
Lot Information
  • Yard
  • Sprinklers Timer
  • Sprinkler System
  • Level
  • Lawn
  • Front Yard
Property Features
  • Fireplace: Family Room
Heating and Cooling
  • Wall Furnace
  • Forced Air
  • Central Air
  • Wall/Window Unit(s)
Flooring
  • Vinyl
  • Carpet
Utility Information
  • Utilities: Water Source: Public, Water Connected, Sewer Connected, Phone Available, Natural Gas Connected, Electricity Connected, Cable Available
  • Sewer: Public Sewer
Parking
  • On Street
  • Garage Faces Rear
  • Garage Door Opener
  • Garage
  • Door-Single
Stories
  • 2
Additional Information: Discovery | 714-272-0779
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Dec 05, 2024
Price Changed
$1,850,000
-5%
-100,000
Oct 12, 2024
Original Price
$1,950,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Discovery and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.