1 month on rocket

Backup Offers

18620 Palo Verde Ave, Cerritos, CA, 90703

$1,950,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

18620 Palo Verde Ave, Cerritos$1,950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
ParkingDoor-Single, Garage, Garage Door Opener, Garage Faces Rear, On Street
Garage5 spaces
Year Built1969
HeatingForced Air, Wall Furnace
CoolingCentral Air, Wall/Window Unit(s)
FireplaceFamily Room
MLS #PW24212013
Lot Size0.17 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 18620 Palo Verde Ave

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 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!

Property Details

Property Features

Property Information:

  • Year Built: 1969
  • Stories: 2

Listing Office:

  • Office Name: Century 21 Discovery
  • Office Phone: (714) 272-0779
  • Listing Agent: Cindy Berg

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Flooring Type: Carpet, Vinyl
  • Fireplace: Family Room

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 5 spaces
  • Parking: Door-Single, Garage, Garage Door Opener, Garage Faces Rear, On Street

Lot Features

Lot Information:

  • Lot: Front Yard, Lawn, Level, Sprinklers
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Wall Furnace
  • Cooling: Central Air, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: From 605 FRWY, exit SOUTH ST., go west towards Palo Verde, north on Palo Verde. Property on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,950,000

Tax Information:

  • Annual Amount: $7,181
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Cerritos, CA.

Map thumbnail provided by MapBox

Cerritos, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$622

Avg. Days On Market

13

# of Sold Homes

23

18620 Palo Verde Ave vs Cerritos

34 DAYS ON ROCKET

+21 Days

$1,950,000

+$883.7K More

KEY TAKEAWAY

This property is $883.7K more than the Median Sold Price in Cerritos, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24212013

Listing Office:

  • Office Name: Century 21 Discovery
  • Office Phone: (714) 272-0779
  • Listing Agent: Cindy Berg

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 16, 1994Home Sold
$362,000
Jun 05, 1991Home Sold
$134,500
Apr 30, 1991Home Sold
$134,500
Sep 18, 1990Home Sold
$525,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,181$562,277
2020$6,998$555,968
2019$6,739$545,068
2018$6,607$534,381
2017$6,607$523,904

History based on county public records data.

Payment Calculator

$9,800

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,913

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-384040
5
/10

  • Esther Lindstrom Elementary

  • 5900 Canehill Ave

  • 0.15 miles

  • Public District Grades KG-6

school-card-donut-384041
7
/10

  • Thomas Jefferson Elementary

  • 10027 Rose St

  • 0.91 miles

  • Public District Grades KG-6

school-card-donut-384042
8
/10

  • Bragg Elementary School

  • 11501 Bos St

  • 1.16 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,791. The majority of Cerritos, CA residents have income between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Cerritos›90703›18620 Palo Verde Ave

This home is located at 18620 Palo Verde Ave in Cerritos, CA and zip code 90703 in the The Southeast neighborhood. This home, which was built in 1969, sits on a 0.17 acre lot. It has been listed on Rocket Homes since October 13, 2024 and is currently priced at $1,950,000.

Over 17 listings were sold over their listed price in October 2024 in Cerritos, CA. In the same period over 4 listings were sold below the listed price and 2 listings were sold for the listed price. Between September 2024 and October 2024, Cerritos, CA real estate market has seen decrease in the number of listings by 11.3%. Listings spent 13 days on the market in October 2024, and had a median list price of $1,066,300 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources