Homes for sale - 7232 W Cerritos AVE, Stanton, CA 90680

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Donnie Bowen

[email protected] +1(949) 290-9754

$ 1,200,000

Est. payment | -/mo

0.5 Acres Lot

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$ 1,200,000

Est. payment | -/mo

Save

0.5 Acres Lot

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25114708

HOA Y/N No

Year Built 1936

Lot Size 0.504 Acres

Property Sub-Type Single Family Residence

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. 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.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 07931319

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Lease Land No

Listed by Steven Jones • Olympia Capital Corporation • 714-813-0752

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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