18020 Gerritt Place, Cerritos, California 90703, Cerritos, 90703 - 3 bed, 2 bath
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Cerritos, California 90703
This Value-Add Residential Asset represents a Strong Value Opportunity, listed at $785,000—positioned well below the $818,329 Fair Market Value by 4%. This valuation gap provides $33,329 in Instant Equity for buyers prepared to remediate its Condition Rating of 5. Situated on a corner lot within the elite ABC Unified School District, the property features a swimming pool and patio, offering significant forced appreciation potential through interior modernization. This acquisition is ideal for Fix-and-Flip Investors or Contractors seeking a high-upside project in a premier Cerritos pocket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18020 Gerritt Place Subject | $785,000* List Price | 3 | 2 | 1,200 | $682 | - |
A 13151 Rose Street Sold | $1,000,000 | 3 | 2 | 1,230 | $813 | 0.7 mi |
B 17422 Vierra Sold | $960,000 | 4 | 2 | 1,604 | $599 | 0.5 mi |
C 18408 Heather Sold | $880,000 | 4 | 2 | 1,480 | $595 | 0.2 mi |
D 17422 Vierra Sold | $960,000 | 4 | 2 | 1,604 | $599 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as a 'fixer' and requires a complete interior overhaul. Built in 1970, the home retains many original or severely dated features, including heavily worn brown carpeting, dated linoleum flooring, and popcorn ceilings. The kitchen and bathrooms are obsolete, featuring painted original cabinetry, old laminate countertops, and aged appliances. While the exterior and pool appear functional, the interior condition necessitates substantial rehabilitation to be considered move-in ready by modern standards.
Situated in the highly sought-after ABC Unified School District and located on a quiet cul-de-sac, this property offers exceptional long-term value and appeal for families.
The property features a desirable corner lot layout complete with a swimming pool, patio, and firepit, providing a strong foundation for an impressive outdoor entertaining space.
As a fixer-upper in a premium neighborhood, this home presents a significant opportunity for investors or end-users to renovate and build immediate equity through personalization.
Explicitly listed as a fixer, the property will require a substantial additional investment of time and capital to address necessary repairs and modern upgrades.
With only 1,200 square feet of living area, the interior footprint is relatively compact for a three-bedroom home, which may be a constraint for growing families.
Exceptional opportunity to own a fixer in the highly desirable City of Cerritos. Situated on a corner lot on a quiet cul-de-sac street, this 3BR, 1.75BA property offers outstanding potential for buyers looking to renovate, personalize, and create value. The swimming pool and patio with a firepit add the outdoor appeal and fun. Award winning ABC Unified School District. Convenient location to shopping, dining, parks, and everyday amenities. Easy access to the 91, 605, and 5 freeways. A great chance to reimagine a home in a sought-after neighborhood!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 27% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,200 | 2,060 | 6% |
| Lot Size | 5,250 | 5,248 | 50% |
| Price | $785.0K | $1.25M | 3% |
| Price per sq ft | $654 | $639 | 58% |
| Built year | 1970 | 1970 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 139 | 1% |
Apr 16, 2026
$785,000
Initial Listing