17662 Palo Verde Ave, Cerritos, California 90703, Cerritos, 90703 - 2 bed, 1 bath
ACTIVE$495,000
17662 Palo Verde Ave, Cerritos, California 90703
2Beds
1Bath
757Sqft
306,791Lot
Year Built
1973
Close
-
List price
$495K
Original List price
$525K
Price/Sqft
$654
HOA
$405
Days on market
-
Sold On
-
MLS number
SR25049508
Home ConditionExcellent
Features
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $495.0K(25th), sqft - 757(17th), beds - 2(50th), baths - 1(50th).
Price Improvement! Seller wants to see your offers! This stunning 2-bedroom, 1-bathroom home has been fully transformed after a full-scale renovation! After a roof collapse due to heavy rains and deferred HOA maintenance, the unit was taken down to the wood framing. All ceiling dark substances and asbestos have been professionally removed. The associated paperwork will be provided. Everything is new—walls, flooring, windows, kitchen, appliances, and bathroom. Property was on hold due to balcony repairs which are now complete. A rare opportunity to own a like-new home in an established community.
Nearby schools
6/10
Esther Lindstrom Elementary School
Public,•PK-6•0.7mi
6/10
Mayfair High School
Public,•7-12•0.8mi
Price History
Date
Event
Price
12/11/25
Price Change
$495,000-5.7%
03/06/25
Listing
$525,000
Condition Rating
Excellent
Despite being built in 1973, this property has undergone a full-scale, down-to-the-studs renovation, as explicitly stated in the description. Everything is new—walls, flooring, windows, kitchen, appliances, and bathroom. The images confirm a modern, high-quality renovation with new white shaker cabinets, quartz countertops, stainless steel appliances, contemporary bathroom vanity, and new plank flooring throughout. The presence of recessed lighting and a mini-split AC unit further indicates modern updates. This meets the 'excellent' criteria for a property extensively renovated within the last 5 years, with all components being new or virtually new.
Pros & Cons
Pros
Comprehensive Renovation: The property has undergone a full-scale renovation, with all major components (walls, flooring, windows, kitchen, appliances, bathroom) being new, offering a 'like-new' living experience.
Hazardous Material Remediation: Professional removal of asbestos and other dark substances provides peace of mind regarding health and safety, with documentation available.
Recent Price Improvement: A significant price reduction from the original listing indicates seller motivation and presents a potential value opportunity for buyers.
Established Community: Located in Cerritos, a desirable and established community known for its quality of life and amenities.
Strong School Ratings & Proximity: The property benefits from being in a good school district with highly-rated elementary and high schools within close proximity.
Cons
History of Significant Structural Issues: The property's past includes a roof collapse due to deferred HOA maintenance and recent balcony repairs, which may raise concerns about the building's long-term structural integrity and HOA management, despite current fixes.
High Monthly HOA Dues: A monthly association fee of $405 for a 2-bedroom, 1-bathroom unit of 757 sqft is substantial and adds a significant recurring cost to homeownership.
Compact Living Space & Single Bathroom: With only 757 square feet and a single bathroom, the unit offers limited living space, which may not suit all buyer needs, particularly those seeking more room or additional facilities.