18602 Del Rio Pl, Cerritos, CA 90703

18602 Del Rio Pl, Cerritos, CA 90703

Cerritos, CA

Property Description

First time on the market in 21 years!! Great 4-unit Investment property in the city Cerritos!! Unit Mix of 1- 3-bedroom/ 2-bathroom unit, 2- 2-Bedroom/ 2-bathroom units and 1- 1-Bedroom/1-Bathroom unit. All units come with garages and plenty of parking on the property. Laundry room with wash & dryer coin-operated. It is located in one of the stable rental markets in the city of Cerritos!! Low vacancy with potential in rental income. Great opportunity for Owner/User to live in one unit and collect rents from the other 3 units. Easy access to freeways, Cerritos Mall, Retail, and Dining. This property will not last long!!! Bring your Offers ASAP!!!

Property Features

  • Sale Price: $1,470,000
  • Area Size: 3,921 SF
  • Land Area: 11,298 SF
  • Year Built: 1969
  • Listing Date: 9/28/2020
  • Closing Date: 12/18/2020
  • Units: 4
  • Current GRM: 16.31
  • Current Cap Rate: 4.01%
  • Price Per Unit: $362,500
  • Market GRM: 14.92
  • Market Cap Rate: 4.57%

Lyon Stahl Investment Real Estate

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