
Cerritos, California 90703
This property presents a High-Potential Investment Opportunity with a List Price of $950,000—positioned above the $895,500 Fair Market Value. While requiring a full rehab due to its Condition Rating of 5, the home features critical infrastructure upgrades like PEX repiping. Located in the highly acclaimed ABC Unified School District near Leal Elementary, this asset offers significant long-term desirability. It is an ideal project for Value-Add Investors or Owner-Occupants looking to customize a home in a premier Cerritos location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18512 Kamstra Subject | $950,000* List Price | 3 | 2 | 1,122 | $789 | - |
A 13220 Sutton Sold | $910,000 | 3 | 2 | 1,283 | $709 | 0.5 mi |
B 17918 Pires Sold | $1,110,000 | 3 | 2 | 1,388 | $800 | 0.5 mi |
C 17602 Cortner Avenue Sold | $1,070,000 | 3 | 2 | 1,534 | $698 | 0.9 mi |
D 19302 Teresa Active | $950,000 List Price | 3 | 2 | 1,308 | $726 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1970, the home is over 50 years old and features mostly original interior finishes, including dated kitchen cabinetry, wallpaper, and popcorn ceilings. While it has some updated systems like PEX piping and a newer water heater, the cosmetic condition and age of the kitchen/baths necessitate a full rehab.
Located within the highly acclaimed ABC Unified School District and served by the coveted Leal Elementary, providing exceptional educational value and long-term property desirability.
The property features significant system improvements, including full PEX repiping and a newer water heater, reducing the immediate need for costly hidden maintenance.
Situated minutes from the Cerritos Library, Town Center, and Heritage Park, offering residents convenient access to top-tier community facilities and major commuter freeways.
The home is positioned as a project for buyers to 'create their dream home,' indicating that significant cosmetic and modern updates are needed to reach its full potential.
At 1,122 square feet, the living space is relatively compact for the area, which may be a constraint for larger families or those seeking more expansive interiors.
This home offers an incredible opportunity to create your dream home in the highly acclaimed ABC Unified School District, with the coveted Leal Elementary School serving the area. Featuring great bones and endless potential, this property is ready for your personal vision and updates. Property features include vaulted ceilings, a fireplace in the living room, and central air conditioning and heating. Important system upgrades have already been completed, including PEX repiping throughout the home and a water heater that is approximately three years old. The garage is equipped with 220-volt electrical service. The location is hard to beat! Just minutes from the renowned Cerritos Library, Heritage Park, the Cerritos Center for the Performing Arts, Cerritos Town Center, City Hall, and convenient access to the 91 Freeway. If you are searching for a home in an exceptional school district, this property presents a rare opportunity in a premier Cerritos location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,122 | 2,154.319 |
| Lot Size | 5,001 | 5,305.277 |
| Price | $950.0K | $1.28M |
| Price per sq ft | $847 | $648 |
| Built year | 1970 | 1970 |
| HOA | $0 | $201 |
| Days on market | 41 | 44 |
Jul 30, 2026
$950,000
Initial Listing