What Cerritos also has going for it is that it is a very safe city, and definitely a nice bubble from the rest of LA. Whenever I come back to Cerritos, it is just a slower pace and much more tranquil than all the areas around it. It's truly nice to come home. When touching on the strategic location to the city, it is quite literally in the center of the LA/OC metro (about 25 miles to both Irvine, LA, Diamond Bar and Pasadena) so it's super convenient to wherever you have to go.
If you are looking at nearby areas, I would also urge you to consider adjacent Fullerton, north of Malvern Ave. Fisler Middle School and Sunny Hills High School are great options as well.
Anyhow, I could go on and on, but if you would like any assistance with no pressure, I would be glad to help. Cerritos is my home and backyard!
Both are nice cities but so different from each other. Cerritos is a busier city, well know for shopping and Cerritos Auto Square. It has great neigbhorhoods and current homes for sale show prices ranging from Low $500's to High $600. Chino Hills is further east of Los Angeles. The city spread out a bit and very family oriented. Home prices are all over the place. You can find a nice home in the low $200's and can up to a few millon.