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18620 Palo Verde AVE Cerritos, CA 90703
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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW24212013
Sold Date 02/20/25
Originating Board California Regional MLS
Year Built 1969
Lot Size 7,423 Sqft
Property Sub-Type Fourplex
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
Area Rd - Cerritos South Of 91 Frwy, W Of Norwalk
Interior
Heating Forced Air, Wall Furnace
Cooling Central AC, Window / Wall Unit
Laundry In Laundry Room, Washer, Dryer
Exterior
Parking Features Garage, Gate / Door Opener, Off-Street Parking
Garage Spaces 5.0
Pool 31, None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7038006013
Special Listing Condition Not Applicable
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Bought with Cindy Berg