
Cerritos, California 90703
This property presents a High-Potential Investment Opportunity with a List Price of $949,888—positioned above the $850,162 Fair Market Value by 11%. While the price reflects a premium, the home offers significant value-add potential due to its Fair Condition Rating and original 1989 finishes. Located in the prestigious ABC Unified School District, this 2,253 sqft townhouse features a pool and spa within a secure community. This is a strategic acquisition for Value-Add Investors or Owner-Occupants willing to renovate to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12151 Saint Tropez Subject | $949,888* List Price | 4 | 3 | 2,253 | $424 | - |
A 12162 Napoli Sold | $900,000 | 3 | 3 | 1,961 | $459 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 35 years old (built 1989) with original builder-grade bathrooms and finishes. Per the criteria, homes over 30 years without significant renovations require a full rehab; the interior is heavily dated and cluttered, necessitating a complete cosmetic overhaul of the kitchen and baths.
The property is located within the highly acclaimed ABC Unified School District, a major draw for families that significantly bolsters long-term property value.
With over 2,250 square feet and four bedrooms, this townhouse offers a rare and spacious floor plan that rivals the scale of many detached single-family homes.
Situated in the prestigious Palms complex, residents enjoy a secure gated-style atmosphere with access to resort-style pool and spa facilities.
The monthly HOA fee of $480 represents a significant recurring carrying cost that may impact the overall affordability for some buyers.
With a lot size of only 2,292 square feet, the property offers very little private yard or outdoor area, which is a common trade-off for townhouse living.
Welcome to one of the most sought-after communities in Cerritos — the prestigious Palms Townhouse Complex located within the award-winning ABC School District. This beautiful and spacious home offers the perfect blend of comfort, privacy, and convenience in a secure and well-maintained private community. Boasting over 2,253 square feet of living space, this residence features a functional and inviting floor plan designed for both everyday living and entertaining. 4 bedrooms and 3 baths. The expansive living room showcases soaring ceilings and a staircase leading to the upstairs living quarters. Upstairs you’ll find a large primary suite complete with its own private bathroom along with generously sized bedrooms and bathrooms throughout the home. Additional highlights include central air and heat, abundant natural light, and an attached private living environment within a gated-style community atmosphere. Residents of the Palms enjoy access to resort-style amenities including a sparkling pool, spa, and beautifully maintained grounds. Conveniently located just minutes from the Cerritos Towne Center, Cerritos Mall, parks, dining, and major freeways. This is an incredible opportunity to own a beautiful home in one of Cerritos’ most desirable communities. Come experience the lifestyle the Palms has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,253 | - |
| Lot Size | 2,292 | - |
| Price | $949.9K | $719.0K |
| Price per sq ft | $422 | $542 |
| Built year | 1989 | 0 |
| HOA | $480.0 | $0 |
| Days on market | 56 | 62 |
May 27, 2026
$449,888
Initial Listing
May 27, 2026
$949,888
Initial Listing