18608 Del Rio Place

    Cerritos, CA 90703
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 19 days
    • ID#: OC19132984
    Under Contract
    UPDATED: 6 min ago
    $1,450,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,921
      SQFT
    • $370
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    18608 Del Rio Place is 4-unit multifamily investment property located in Cerritos, one of the strongest rental markets in Southern California. Situated on a 0.20-acre lot, the 3,921 square foot property consists of one-, two-, and three-bedroom floor plans and offers amenities including garage and open parking, private balconies or patios, security doors, and on-site laundry. Per the city of Cerritos' 2019 Local Profile, just 2.7 percent of the total housing in the city are 2-4 unit properties.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T22:39:16.037. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/95602454

    18608 Del Rio Place Cerritos, CA 90703

    • Price: $1,450,000
    • Status: Active Under Contract
    • Updated: 6 min ago
    • ID#: OC19132984
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,921
    SQFT
    $370
    $/SQFT
    1969
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    18608 Del Rio Place is 4-unit multifamily investment property located in Cerritos, one of the strongest rental markets in Southern California. Situated on a 0.20-acre lot, the 3,921 square foot property consists of one-, two-, and three-bedroom floor plans and offers amenities including garage and open parking, private balconies or patios, security doors, and on-site laundry. Per the city of Cerritos' 2019 Local Profile, just 2.7 percent of the total housing in the city are 2-4 unit properties.
    Exterior Features

    Garage Spaces 4.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 9.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lights Country Us Electric Expense 873.00 Elevation Units Feet Fuel Expense 873.00 Gross Income 88968.00 Gross Operating Income 86322.00 Gross Scheduled Income 88968.00 Insurance Expense 2054.00 Land Lease YN No Laundry YN Yes Licenses Expense 1200.00 Maintenance Expense 2000.00 Net Operating Income 59268.00 New Construction YN No New Taxes Expense 16788.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Operating Expense 27054.00 Other Expense 1520.00 Other Expense Description Other Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 7349.00 Total Expenses 27054.00 Trash Expense 873.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 873.00 Water Source Public Year Built Source Assessor Zoning Cerm

    Listing provided courtesy of Kurt Hediger of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T22:39:16.037. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024