Cerritos, CA 90703,18620 Palo Verde Avenue
Listed by Cindy Berg • Century 21 Discovery
Bought with Cindy Berg • Century 21 Discovery

$1,750,000

Est. payment /mo

$1,850,000

5.4%
Est.Price: ?

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18620 Palo Verde Avenue Cerritos, CA 90703

4,084 SqFt

SOLD DATE : 02/20/2025

Key Details

Sold Price $1,750,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,084 sqft

Price per Sqft $428

MLS Listing ID CRPW24212013

Year Built 1969

Lot Size 7,423 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

Interior

Heating Forced Air, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Vinyl, Carpet

Laundry Dryer, Laundry Room, Washer

Building

Lot Description Level, Other, Front Yard

Water Public

Read Less

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Bay East Association of Realtors
Donny Piwowarski

Donny Piwowarski

Broker | License ID: 01444374

+1(844) 437-4969

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