7232 W Cerritos Avenue, Stanton, CA 90680
- $1,550,000
- Sold Price
- $1,550,000
- List Price
- $1,200,000
- Closing Date
- Jul 18, 2025
- Status
- CLOSED
- MLS#
- PW25114708
- Year Built
- 1936
- Lot Size
- 21,974
- Acres
- 0.50
- Lot Location
- 11-15 Units/Acre
- Days on Market
- 0
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
Property Description
This listing includes both 7232 W Cerritos Avenue and 10531 Lowden Street in Stanton. The total land area for the two contiguous parcels is approximately 21,947 square feet, or .50-acres. According to the OC Tax Assessors office, there are two residential units situated on each lot, for a total of four units. In reality, there are a total of seven existing units on the site, including six currently occupied units and one vacant unit. The current rents are substantially below market and could likely be significantly raised after renovations or at least slightly raised even without any renovations. This offering is a great opportunity for an investor, ADU builder, land speculator, or a developer. There may be redevelopment potential for up to 12 newly constructed units by submitting a development application under California Density Bonus Law. Priced to sell.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $78,000
- Operating Expense
- 19000
Listing courtesy of Listing Agent: Steven Jones (info@olympiacorp.net) from Listing Office: Olympia Capital Corporation.
Listing sold by Steven Jones from Olympia Capital Corporation
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.