17812 Palo Verde Avenue, Cerritos, California 90703, Cerritos, 90703 - 3 bed, 2 bath
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17812 Palo Verde Avenue
Cerritos, California 90703
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,167Sq Ft
306,866Lot Size
Property Price
LIST PRICE$615,000
EST. MARKET VALUE
$645,398
4% BelowMARKET VALUE
SUMMARY
This 3-bedroom condominium is a Strong Value Opportunity, listed at $615,000—positioned well below the $645,399 Fair Market Value by 4%. This valuation gap offers $30,399 in Instant Equity for the buyer. With a Condition Rating of 4, the unit provides a functional, ground-level layout with community pool access, though it requires cosmetic updates. Located in the Bellflower Unified School District, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add entry into the Cerritos market.
Estimated Market Value
$645,398+$30,398 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 17812 Palo Verde Avenue Subject | $615,000* List Price | 3 | 2 | 1,167 | $553 | - |
A 17666 Palo Verde Sold | $565,000 | 3 | 2 | 1,167 | $484 | - |
B 18728 Del Rio Place 2 Sold | $558,000 | 2 | 2 | 898 | $621 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1973 (53 years old) and the listing provides no evidence of recent renovations to the kitchen, baths, or major systems. While the exterior appears well-maintained by the association, the age suggests the interior is dated and requires cosmetic updates and system inspections consistent with a 20+ year lifecycle.
PROSSTRENGTHS & OPPORTUNITIES
- Ground-Level Accessibility
As a ground-level unit, this property offers easy access without stairs, making it highly desirable for buyers with mobility concerns or families with young children.
- Family-Friendly Layout
Featuring 3 bedrooms and 2 bathrooms within 1,167 square feet, the unit provides a spacious and functional floor plan that is well-suited for growing families.
- Community Amenities
The inclusion of a community pool provides residents with a valuable recreational space for relaxation and social gatherings within the complex.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- High Association Fees
The monthly HOA fee of $706 is relatively high, which significantly increases the total monthly carrying cost and may impact buyer affordability.
- Parking Constraints
The reliance on street parking can be a significant drawback for residents with multiple vehicles or those seeking the security of a private garage.
About 17812 Palo Verde Avenue
Ground Level unit Drive up Strret Parking Community pool See CC&R
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- 306,866 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $706.0 / Month
Neighborhood Insights
Cerritos Unified Schools
Esther Lindstrom Elementary School
Grades PK-6 • 0.7 mi
6/10
Mayfair High School
Grades 7-12 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,167 | 853 |
| Lot Size | 306,866 | 7,060.25 |
| Price | $615.0K | $1.20M |
| Price per sq ft | $527 | $1.4K |
| Built year | 1973 | 1971 |
| HOA | $706.0 | $315 |
| Days on market | 14 | 62 |
Pricing History
Listed for Sale
Aug 26, 2026
$615,000
Initial Listing
Sold
Oct 13, 2017
$399,000
Public Record
Sold
Feb 20, 2008
$375,000
Public Record
Sold
Feb 24, 2005
$355,000
Public Record
Sold
Aug 2, 1994
$140,000
Public Record