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18620 Palo Verde Avenue

Cerritos, CA 90703

– beds
– baths
– sqft
7,423 sqft lot
1969 build
– on site

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!

Listed By CRMLS_CA / Cindy Berg / Century 21 Discovery / 714-272-0779

Last checked: Checking… • Last updated Dec 29, 2024 •

MLS# PW24212013 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1969
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4084.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Builder Name:

Covington
Stories Total:

2
Entry Level:

1
Number With Patio:

2
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Levels:

Two
Entry Location:

ground + 1
Flooring:

Carpet, Vinyl
Number Wall AC:

1
Fireplace:

Yes
Fireplace:

Family Room
Laundry:

Dryer Included, Individual Room, Washer Included
Laundry:

1

Location

Directions:

From 605 FRWY, exit SOUTH ST., go west towards Palo Verde, north on Palo Verde. Property on your left.
Latitude:

33.86164600
Longitude:

-118.10806300

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

CERM
Lot Features:

Front Yard, Lawn, Level, Sprinkler System, Sprinklers Timer, Yard
Lot Size Area:

7423.0000
Lot Size Acres:

0.1704
Lot Size SqFt:

7423.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5545.21
Tax Tract:

30548
Tax Lot:

2

The Listing

Special Listing Conditions:

Standard, Trust
Parcel Number:

7038006013

Heating & Cooling

Heating:

1
Heating:

Forced Air, Wall Furnace
Cooling:

Yes
Cooling:

Central Air, Wall/Window Unit(s)

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Curbs, Sidewalks
Inclusions:

1 set of "Coin Operated" Washer & Dryer in Laundry room
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, Street
Parking Spaces:

5.00
Garage Spaces:

5.00

Extra Units

Number With Carpet:

4
Number With Dishwasher:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/5/24 Dec 5, 2024	Price Changed	CRMLS_CA	$1,850,000	-5.1%
11/20/24 Nov 20, 2024	Listed / Active	CRMLS_CA	$1,950,000
10/24/24 Oct 24, 2024	Sold Subject To Contingencies	CRMLS_CA	$1,950,000

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This multifamily located in Southeast La, Cerritos, CA 90703 is currently for sale for $1,850,000. 18620 Palo Verde Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 88 days. 18620 Palo Verde Avenue is in the Southeast La neighborhood of Cerritos and has a WalkScore® of 63, making it somewhat walkable. This multifamily is in the attendance area of Esther Lindstrom Elementary School and Mayfair Middle And High School.

Listing Courtesy of: CRMLS_CA and Century 21 Discovery. Based on information from California Regional Multiple Listing Service, Inc. as of 11:40 on Jan 09.

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.