NOT LISTED FOR SALE

7320 Cerritos Ave Stanton, CA 90680

Stanton Area
5 Beds
4 Baths
4,360 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: June 13, 2023

Last sale price $1,490,000 $342 Per Sq Ft

18 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Hansen Elementary School Rated 9+
  • Central Heating

About This Home

As of June 2023

Presenting an amazing value quadruplex with great upside in rental income. This property consists of three units of 2 bedrooms, 2 bathrooms, and one one unit of bedrooms, 2 bathrooms. All units come with 1 car garage and 1 parking space and pay for their own electricity and gas. The two upstairs units, which include the 3 bedroom units are recently remodeled. The property is available for showing appointment upon receipt of an acceptable offer.

Last Agent to Sell the Property

Matthew Shinn

Shinn Real Estate Group License #01755855 Listed on: 04/06/2023

Last Buyer's Agent

Duong Cao

DC Real Estate License #01239513

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,360 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Private Water Source
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 1 / 27
  • Tax Tract Number 87
  • Assessor Parcel Number 07954149
  • $1,351 per year additional tax assessments

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Gardener Expense $720
  • Insurance Expense $1,500
  • Other Expense $2,000
  • Trash Expense $1,416
  • Water Sewer Expense $1,380
  • Operating Expense $7,316
  • Gross Income $102,000
  • Net Operating Income $94,684

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

7,841 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1380.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 07954149
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 341.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Unknown
  • Trash Expense: 1416.00
  • Water Source: Private
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Multi Family

  • Electric Expense: 300.00
  • Gross Income: 102000.00
  • Gross Scheduled Income: 102000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 94684.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 7316.00
  • Other Expense: 2000.00
  • Other Expense Description: Gas
  • Rent Control: No
  • Total Expenses: 7316.00

Tax Info

  • Tax Block: 27
  • Tax Census Tract: 878.01
  • Tax Lot: 1
  • Tax Tract Number: 087...
  • TaxOtherAnnualAssessmentAmount: 1351.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Jun 7, 2023
Sold by
Bought by
Seller's Agent
Matthew Shinn
Shinn Real Estate Group
Buyer's Agent
Duong Cao
DC Real Estate
List Price
$1,550,000
Sold Price
$1,490,000
Premium/Discount to List
-$60,000
-3.87%
Views
107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,117,500
Interest Rate
0.0643%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2021
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
0.039%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 13, 2017
Sold by
Bought by

Purchase Details

Closed on
Sep 30, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 2016
Sold by
Bought by

Purchase Details

Closed on
Sep 7, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,500
Interest Rate
0.0444%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 4, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
0.0573%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
0.0683%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
0.0683%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
0.0683%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 1999
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,490,000 Fidelity National Title
-- None Available
-- Ticor Title Company Of Ca
-- Accommodation
-- None Available
-- None Available
-- Ticor Title Orange
$785,000 Ticor Title Orange
-- --
$663,000 Diversified Title
-- --
-- --
$480,000 Bridgespan Title
-- Chicago Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,117,500
Previous Owner $70,000
Previous Owner $41,250
Previous Owner $45,200
Previous Owner $549,500
Previous Owner $442,500
Previous Owner $368,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/13/2023 06/13/23 Sold $1,490,000 -3.9% $342 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $1,550,000 -- $356 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $18,351 $1,550,196 $1,300,500 $249,696
2024 $18,351 $1,519,800 $1,275,000 $244,800
2023 $12,754 $1,026,276 $804,917 $221,359
2022 $12,507 $1,006,153 $789,134 $217,019
2021 $12,622 $986,425 $773,661 $212,764
2020 $12,449 $976,311 $765,728 $210,583
2019 $12,114 $957,168 $750,714 $206,454
2018 $11,944 $938,400 $735,994 $202,406
2017 $11,540 $920,000 $721,562 $198,438
2016 $10,705 $832,505 $621,230 $211,275
2015 $10,581 $820,000 $611,898 $208,102
2014 $9,804 $780,000 $571,898 $208,102
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23056521

California Regional Multiple Listing Service (CRMLS)

APN: 079-541-49

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