7232 Cerritos Ave Stanton, CA 90680
Estimated payment $6,899/month
Highlights
- City Lights View
- 0.5 Acre Lot
- No HOA
- Western High School Rated A-
About This Lot
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. Please do not disturb any of the current tenants, but feel free to reach out to the listing brokerage team with any questions you may have. Priced to sell.
Last Listed By
Olympia Capital Corporation Brokerage Phone: 714-813-0752 License #01153594 Listed on: 05/28/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,183
Year Built
- 1938
Lot Details
- 0.5 Acre Lot
- Density is 11-15 Units/Acre
Property Views
- City Lights Views
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 07931319
- $728 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Rain Gutters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,183 | $130,613 | $118,692 | $11,921 |
| 2023 | $2,128 | $128,052 | $116,364 | $11,688 |
| 2022 | $2,086 | $125,542 | $114,083 | $11,459 |
| 2021 | $2,095 | $123,081 | $111,846 | $11,235 |
| 2020 | $2,066 | $121,819 | $110,699 | $11,120 |
| 2019 | $2,022 | $119,431 | $108,529 | $10,902 |
| 2018 | $1,993 | $117,090 | $106,401 | $10,689 |
| 2017 | $1,935 | $114,795 | $104,315 | $10,480 |
| 2016 | $1,960 | $112,545 | $102,270 | $10,275 |
| 2015 | $1,938 | $110,855 | $100,734 | $10,121 |
| 2014 | $1,864 | $108,684 | $98,761 | $9,923 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | For Sale | $1,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25118519
APN: 079-313-19
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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. Properties may or may not be listed by the office/agent presenting the information
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