18624 Del Rio Place

Cerritos, CA 90703

$1,900,000
Price
6
Beds
7
Baths
4,009 Sq. Ft.
$474 / Sq. Ft.
4,009
Sq. Ft.
$474
per Sq. Ft.

Description

First time on the market since 1970!!!! Rarely available and well-maintained fourplex with a desirable mix of units located on a wide and low-density cul de sac. Each unit comes with a private garage and additional parking space along with ample street parking for guests. 2 of the units offer private yard/patio spaces and 1 upstairs unit has a balcony. The unit mix is a 3 bedroom/2 bath on the first level with a large fenced yard. Two- 2 bedroom/2 bath units upstairs and a very spacious 1 bedroom/1...First time on the market since 1970!!!! Rarely available and well-maintained fourplex with a desirable mix of units located on a wide and low-density cul de sac. Each unit comes with a private garage and additional parking space along with ample street parking for guests. 2 of the units offer private yard/patio spaces and 1 upstairs unit has a balcony. The unit mix is a 3 bedroom/2 bath on the first level with a large fenced yard. Two- 2 bedroom/2 bath units upstairs and a very spacious 1 bedroom/1 bath on the first level with its own fenced patio yard and direct gate access to parking space. There is a large grassy area for the tenant's enjoyment. The community laundry room comes with a coin-operated washer and dryer and a commercial grade central water heater. The building has newer windows on all of the apartments and most of the apartments have various updates including some with newer luxury vinyl flooring, updated bathrooms, refreshed kitchen cabinets, and recently installed or new HVAC systems. These units are turn key and two of them are prepped and ready for new tenants. This location has great access to the i605 or 91 and there is ample shopping, eateries, and parks nearby. Great opportunity for a 1031 exchange or an owner who would like to occupy one of the units and rent the other three.

Listing Agents

  1. Tammy Willis

    Tammy Willis

    Listing Agent

    Compass

    DRE #01372097

  2. Tierra Willis

    Tierra Willis

    Alternative Listing Agent

    Compass

    DRE #01950680

Property Details for 18624 Del Rio Place

Parking Spaces Total
10
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4009
Assessor Parcel Number
7038-006-021

Location

Listing Courtesy of Compass, Tammy Willis, DRE #01372097; Compass, Tierra Willis, DRE #01950680
Add your commute
LISTING UPDATED: 04/26/2024 08:18 AM

Property Details for 18624 Del Rio Place

StatusPending
MLS #ND24053325
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.20 AC / 8,917 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Tammy Willis, DRE #01372097; Compass, Tierra Willis, DRE #01950680
Add your commute

Building Information for 18624 Del Rio Place

Stories2Residences-Year Built1969Building Size-Lot Size0.20 AC / 8,917 SF

Payment Calculator

$10,619 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$250

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 18624 Del Rio Place

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $37,800
  • Gross Scheduled Income: $103,800
  • Net Operating Income: $30,365
Expense Details
  • Operating Expense: $7,435
  • Fuel Expense: $1,420
  • Electric Expense: $810
  • Insurance Expense: $2,370
  • Trash Expense: $1,035
  • Water Sewer Expense: $1,800
  • Total Expenses: $7,435
Tax / Assessment Info
  • Tax Tract Number: 30548
  • Tax Census Tract: 5545.21
  • CFD/Mello-Roos Fee: $1,115
  • Tax Lot: 21
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Range, Refrigerator, Water Heater Central
  • Equipment: Community, Dishwasher, Dryer, Dryer Included, Laundry Area, Refrigerator, Room, Washer, Washer Hookup, Washer Included
  • Interior Features: Ceiling Fan(s), Laminate Counters
  • Water Heater Features: Central Water Heater
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Dryer Included, Individual Room, Washer Hookup, Washer Included
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Window Features: Garden Window(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: front
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Alley Paved, Paved
  • Road Frontage Type: Alley, City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage, Garage - 1 Car
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage, Garage Faces Rear, Garage - Single Door, Off Street, On Site
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,150
  • Unit Type Total Rent: $3,150
  • Unit Type Pro Forma: 3150
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 4
  • Number With Range: 3
  • Number With Refrigerator: 4
  • Number With Patio: 3
  • Number Wall AC: 0

Property History for 18624 Del Rio Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 18624 Del Rio Place

Taxable ValueLand$39,086Additions$133,648Total$172,734
Tax Record2023$3,004 ($250 / month)
Home Facts
Total Finished SqFt4,009 SqFtAbove Grade Finished SqFt4,009 SqFtLot Size8,915 SqFtStyleQuadraplexYear Built1969ZoningCERMCountyLOS ANGELESAPN7038-006-021

Schools near 18624 Del Rio Place

This home is within Bellflower Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Public - K to 6
Rating
School
Distance
Esther Lindstrom Elementary School
PublicK to 6

Mayfair High School
Public7 to 12

Intensive Learning Center
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Tammy Willis, DRE #01372097; Compass, Tierra Willis, DRE #01950680

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.