17666 Palo Verde, Cerritos, California 90703, Cerritos, 90703 - 3 bed, 2 bath
Loading property details...
Cerritos, California 90703
This Spacious Three-Bedroom Condominium is a Strong Value Opportunity, listed at $595,000—positioned well below the $646,640 Fair Market Value by 7%. This valuation gap provides $51,640 in Instant Equity for the incoming owner. While maintaining a Condition Rating of 4 due to dated finishes, the functional layout features a private patio and serene greenbelt views. Located within the prestigious ABC Unified School District and the amenity-rich Boardwalk community, it offers significant upside through cosmetic modernization. This is an ideal acquisition for first-time buyers looking to build wealth or Buy-and-Hold Investors seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17666 Palo Verde Subject | $595,000* List Price | 3 | 2 | 1,167 | $550 | - |
A 18728 Del Rio Place 2 Sold | $558,000 | 2 | 2 | 898 | $621 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1973 (51 years old) and shows signs of being in mostly original or older condition. Interior photos reveal dated popcorn ceilings and older carpeting. While the unit is functional and located in a well-maintained community, it is dated and requires cosmetic updates to the kitchen and bathrooms to meet modern standards.
Situated in the highly desirable city of Cerritos, this property offers exceptional convenience with immediate access to the 91 and 605 freeways, major shopping hubs like Cerritos Mall, and proximity to Long Beach Airport.
The Boardwalk community provides high-value amenities including a pool, spa, clubhouse, and manicured greenbelts, offering a resort-like atmosphere and well-maintained surroundings for residents.
With 1,167 square feet and all three bedrooms positioned on one level, the floor plan is highly practical and appeals to a wide demographic, including first-time buyers and those looking to downsize.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =306866, other record lot size in square feet = 306791.
The association fee of $446 per month is a significant recurring cost that may impact the overall affordability and monthly budget for potential buyers.
Built in 1973, the property and community systems are over 50 years old, which may necessitate future capital improvements or updates to maintain modern standards.
Welcome to this well-appointed three-bedroom, two-bath condominium nestled within the established Boardwalk community of Cerritos, one of the most sought-after HOA neighborhoods along Palo Verde Avenue. With 1,167 square feet of comfortable living space, the layout offers a functional main-level living area and all bedrooms conveniently positioned on one level. A private enclosed patio extends the living space outdoors and provides a quiet retreat for everyday use. The Boardwalk community is a beautifully maintained complex set among manicured greenbelt walkways and mature landscaping. Residents enjoy access to a community pool, spa, clubhouse with private event space, and dedicated picnic and barbecue areas. Situated in the heart of Cerritos, this home places you within minutes of both Cerritos Mall and Lakewood Mall, with a wide range of restaurants, grocery options, and retail services all nearby. Commuters will appreciate the convenient access to the 91 and 605 freeways, connecting easily to Los Angeles, Orange County, and the greater region. Long Beach Airport is approximately 15 minutes away, and LAX is within a 30-minute drive. Whether you're a first-time buyer, downsizer, or investor, this property offers a compelling combination of space, community amenities, HOA value, and location in one of Los Angeles County's most consistently desirable cities.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades 7-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 79% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,167 | 904 | 86% |
| Lot Size | 306,866 | 7,024.5 | 93% |
| Price | $595.0K | $554.0K | 71% |
| Price per sq ft | $510 | $612 | 21% |
| Built year | 1973 | 1973 | 50% |
| HOA | $446.0 | $455 | 50% |
| Days on market | 0 | 185 | 7% |
Apr 22, 2026
$595,000
Initial Listing