Homes for sale - 18620 Palo Verde AVE, Cerritos, CA 90703

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$1,850,000

Est. payment - /mo

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7,422 Sqft Lot

Price Dropped by $100K

18620 Palo Verde AVE Cerritos, CA 90703

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Jeff Underdahl

jeff@jeffunderdahl.com +1(760) 271-8772

UPDATED:

12/13/2024 07:18 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24212013

HOA Y/N No

Year Built 1969

Lot Size 7,422 Sqft

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 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

Inclusions 1 set of "Coin Operated" Washer & Dryer in Laundry 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

Special Listing Condition Standard, Trust

Listed by Cindy Berg • Century 21 Discovery • 714-272-0779

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Jeff Underdahl

CEO/Team Leader | License ID: 01077484

+1(760) 271-8772