12131 Smokie Lane, Cerritos, California 90703, Cerritos, 90703 - 4 bed, 2 bath
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12131 Smokie Lane
Cerritos, California 90703
ACTIVE UNDER CONTRACT
CONDITION: POOR
4Beds
2Baths
1,786Sq Ft
6,567Lot Size
Property Price
LIST PRICE$1,099,000
EST. MARKET VALUE
$1,069,435
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $1,099,000, positioned slightly above the $1,069,436 Fair Market Value. While the property requires interior modernization, it features a Condition Rating of 5, bolstered by a new roof (2025) and fresh exterior paint (2026). Located in the prestigious ABC Unified School District, this home offers significant long-term value. The oversized lot and functional layout provide a solid foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project.
Estimated Market Value
$1,069,435
Based on Realkey algorithm analyzing recent comparable sales in Cerritos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12131 Smokie Lane Subject | $1,099,000* List Price | 4 | 2 | 1,786 | $599 | - |
A 19518 Nancy Cir. Sold | $1,330,000 | 4 | 3 | 2,119 | $628 | 0.5 mi |
B 12412 Viarna Street Sold | $910,000 | 4 | 2 | 1,491 | $610 | 0.5 mi |
C 12502 Brent Sold | $1,170,000 | 4 | 3 | 1,881 | $622 | 0.5 mi |
D 19529 Bouma Sold | $866,000 | 3 | 2 | 1,170 | $740 | 1.0 mi |
E 11610 Gonsalves Street Sold | $880,000 | 3 | 2 | 1,152 | $764 | 0.8 mi |
F 19140 Albert Sold | $1,360,000 | 4 | 3 | 2,285 | $595 | 0.3 mi |
G 19508 Star Active Under Contract | $1,145,000 List Price | 4 | 3 | 2,429 | $471 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1972, the property is over 50 years old. While the exterior paint and roof are recently updated (2025/2026), the interior—specifically the kitchen and bathrooms—remains largely original and severely dated (>30 years). Visible peeling on walls in the den and popcorn ceilings indicate the interior requires a full rehab rather than minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Exterior Upgrades
The property features significant recent capital improvements, including a new roof installed in April 2025 and fresh exterior paint in August 2026, reducing immediate maintenance costs for the buyer.
- Generous Lot and Parking
Situated on an oversized lot with a large rear yard, the property offers exceptional outdoor space and ample parking with a two-car garage plus room for three additional vehicles in the driveway.
- Prime Location and Schools
Located in a highly desirable Cerritos neighborhood within the prestigious ABC Unified School District, this home is positioned for strong long-term value and family appeal.
CONSRISKS & DEFICIENCIES
- Interior Condition
The interior is noted as needing 'TLC,' suggesting that buyers will need to budget for cosmetic updates or renovations to modernize the living spaces.
- Dated Bathroom Configuration
With a 1.75 bathroom setup in a four-bedroom home, the lack of a second full bath may be a drawback for larger families or those seeking modern luxury standards.
About 12131 Smokie Lane
Don't miss this great opportunity. Great location in a wonderful neighborhood. 4 bedrooms and 1.75 bathrooms with Den, on a oversized lot. Fireplaces in Living Room and Den. Great play area for children. Freshly painted exterior in August 2026. New roof in April 2025. Needs a little TLC on the interior. Huge rear yard. 2 car garage with opener. Room for 3 cars to park in front of garage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 6,567 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,786 | 2,154.319 |
| Lot Size | 6,567 | 5,305.277 |
| Price | $1.10M | $1.28M |
| Price per sq ft | $615 | $648 |
| Built year | 1972 | 1970 |
| HOA | $0 | $201 |
| Days on market | 27 | 44 |
Pricing History
Listed for Sale
Aug 13, 2026
$1,099,000
Initial Listing