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18602 Del Rio Pl, Cerritos, CA 90703

18602 Del Rio Pl, Cerritos, CA 90703
$1,450,000

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 Downloads

  • City: Cerritos
  • State/county: CA
  • Country: United States

Detail

Updated on October 7, 2020 at 9:30 am

  • Price: $1,450,000
  • List Date: 9/28/2020
  • Property Size: 3,921 Sq Ft
  • Land Area: 11,298 Sq Ft
  • Year Built: 1969
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • GRM: 16.31
  • CAP RATE: 4.01%
  • Price per Unit: $362,500
  • Market GRM: 14.92
  • Market CAP RATE: 4.57%

Contact info

Jack Patel
Jack Patel
(562) 279-0192(213) 453-2572
Linkedin
Jack McCann
Jack McCann
(310) 425-9838(310) 408-0121

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