About 7232 Cerritos
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.
Features of 7232 Cerritos
| MLS® # | PW25118519 |
|---|---|
| Price | $1,200,000 |
| Acres | 0.50 |
| Type | Land |
| Sub-Type | Lots/Land |
| Status | Closed |
Community Information
| Address | 7232 Cerritos |
|---|---|
| Area | OC - STANTON (90680) |
| City | Stanton |
| County | Orange |
| State | CA |
| Zip Code | 90680 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | Yes |
Interior
| Fireplace | Yes |
|---|
Exterior
| Lot Description | Curbs,Sidewalks |
|---|
Additional Information
| Date Listed | May 21st, 2025 |
|---|---|
| Days on Market | 13 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Olympia Capital Corporation |
|---|