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18723 Stefani Avenue, Cerritos, California 90703, Cerritos, 90703 - 5 bed, 3 bath

18723 Stefani Avenue, Cerritos, California 90703 home-pic-0
ACTIVE UNDER CONTRACT$1,350,000
18723 Stefani Avenue, Cerritos, California 90703
5Beds
3Baths
2,593Sqft
5,537Lot

Price Vs. Estimate

The estimated value ($1,440,957.515) is $90,957.515 (6%) higher than the list price ($1,350,000). This property may be underpriced.

Key pros and cons

Top Pros:
Prime Location & Top Schools: Located in a highly desirable, sought-after Cerritos neighborhood within the top-rated ABC Unified School District, a major draw for families.
Top Cons:
Requires Significant Updates: Built in 1970, the property explicitly needs 'TLC' and updates, implying substantial renovation costs and effort to modernize to current standards.

Compared to the nearby listings

Price:$1.35M vs avg $1.22M (+$130,000)76%
Size:2,593 sqft vs avg 1,960 sqft89%
Price/sqft:$521 vs avg $6439%

More Insights

Built in 1970 (55 years old).
Condition: Built in 1970, this property is explicitly marketed as needing 'TLC' and offering 'serious sweat equity,' indicating it requires significant updates rather than minor repairs. While the exterior appears maintained, the age suggests that the kitchen, bathrooms, and major systems (HVAC, plumbing, electrical) are likely original or have very outdated renovations, needing substantial modernization. It is functional but shows clear signs of being aged and outdated, aligning with the 'Fair' condition criteria.
Year Built
1970
Close
-
List price
$1.35M
Original List price
$1.25M
Price/Sqft
$521
HOA
-
Days on market
-
Sold On
-
MLS number
RS25260446
Home ConditionFair
Features
View-

About this home

Welcome to this highly desirable location in the city of Cerritos! This home offers 5 bedrooms and 3 bathrooms; one bedroom and one bath downstairs. First floor features a large open floor, large living room with a fireplace open to the formal dining room, kitchen area opens to the family room. Upstairs four bedrooms and two bath; including master suite and master bathroom. The backyard provides the perfect place to enjoy the evenings. Home is located in one of Cerritos most sought-after neighborhoods, located within the top-rated ABC Unified School District. Close to Cerritos town Center, Cerritos Mall, restaurants and perfect for commuters, with easy access to the 91, 5, and 605 freeways. Perfect for the family looking to do a little TLC and build serious sweat equity!

Condition Rating
Fair
Built in 1970, this property is explicitly marketed as needing 'TLC' and offering 'serious sweat equity,' indicating it requires significant updates rather than minor repairs. While the exterior appears maintained, the age suggests that the kitchen, bathrooms, and major systems (HVAC, plumbing, electrical) are likely original or have very outdated renovations, needing substantial modernization. It is functional but shows clear signs of being aged and outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Location & Top Schools: Located in a highly desirable, sought-after Cerritos neighborhood within the top-rated ABC Unified School District, a major draw for families.
Excellent Commuter Access & Amenities: Proximity to Cerritos Town Center, Cerritos Mall, restaurants, and easy access to 91, 5, and 605 freeways offers unparalleled convenience.
Spacious & Flexible Floor Plan: Features 5 bedrooms and 3 bathrooms, including a convenient downstairs bedroom and bath, providing versatility for multi-generational living or guests.
Value-Add Potential: Explicitly offers 'serious sweat equity' opportunity for buyers willing to undertake renovations and updates, allowing for personalized improvements and increased value.
Desirable Layout: The large open floor plan with a living room, formal dining, and kitchen opening to the family room provides excellent flow for entertaining and daily living.

Cons

Requires Significant Updates: Built in 1970, the property explicitly needs 'TLC' and updates, implying substantial renovation costs and effort to modernize to current standards.
Potential for Outdated Systems: As a 1970 build, major systems such as HVAC, plumbing, and electrical may be original or require upgrades, leading to potential future expenses.
Moderate Lot Size: The 5,537 sqft lot, while functional, may be considered average for a 5-bedroom home in this desirable area, potentially limiting extensive outdoor expansion.

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