11826 Studebaker, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 1 bath
ACTIVE$650,000$1,103/sqft
Est. Value: $624,218
-3%
AboveEstimate
11826 Studebaker, Norwalk, California 90650
3Beds
1Bath
1,103Sqft
4,958Lot
Price Vs. Estimate
The estimated value ($624,218.03) is $25,781.97 (3%) lower than the list price ($650,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential: The detached 2-car garage presents an excellent opportunity for conversion into an Accessory Dwelling Unit (ADU), significantly enhancing property value and potential rental income.
Top Cons:
Extensive Renovation Required: Described as 'original' and needing 'paint brushes,' the property requires substantial renovation and financial investment to meet modern living standards and maximize its potential.
Compared to the nearby listings
Price:$650.0K vs avg $760.0K ($-110,000)11%
Size:1,103 sqft vs avg 1,149 sqft39%
Price/sqft:$589 vs avg $64735%
More Insights
Built in 1951 (75 years old).
Condition: Built in 1951 and described as 'original' and on the market for the first time in over 50 years, this property requires substantial renovation. The kitchen features severely outdated appliances, old wood cabinets, and laminate countertops. The bathroom has very dated tiled walls, vanity, and gold-framed etched glass shower doors. The interior includes old, worn carpet and wood paneling. An old window AC unit is visible, indicating aging infrastructure. The property needs extensive repairs and rehabilitation to meet modern standards.
Year Built
1951
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$589
HOA
-
Days on market
-
Sold On
-
MLS number
MB26007235
Home ConditionPoor
Features
ViewNeighborhood
About this home
Original 3 bedroom 1 bath. First time on market in over 50 years!! 2 car detached garage, perfect for adu!! A must see !! Bring your paint brushes to save on this home bordering Downey! Close to school, shopping and freeways!! The 5, 605, 105 etc. Tree lined streets and rv parking!!
L
LAURA REYES
Listing Agent
Condition Rating
Poor
Built in 1951 and described as 'original' and on the market for the first time in over 50 years, this property requires substantial renovation. The kitchen features severely outdated appliances, old wood cabinets, and laminate countertops. The bathroom has very dated tiled walls, vanity, and gold-framed etched glass shower doors. The interior includes old, worn carpet and wood paneling. An old window AC unit is visible, indicating aging infrastructure. The property needs extensive repairs and rehabilitation to meet modern standards.
Pros & Cons
Pros
ADU Potential: The detached 2-car garage presents an excellent opportunity for conversion into an Accessory Dwelling Unit (ADU), significantly enhancing property value and potential rental income.
Strategic Location & Accessibility: The property boasts a highly convenient location with easy access to major freeways (I-5, I-605, I-105), schools, and shopping, ensuring excellent connectivity and daily convenience.
Value-Add Investment Opportunity: Being on the market for the first time in over 50 years, this 'original' home offers a rare blank canvas for buyers to customize, modernize, and significantly increase equity through renovation.
Proximity to Desirable Neighboring City: Its location bordering Downey adds to its appeal, potentially benefiting from the neighboring city's amenities, services, and property value trends.
RV Parking & Aesthetic Appeal: The property includes dedicated RV parking, a valuable amenity for many buyers, complemented by the charming aesthetic of tree-lined streets in the neighborhood.
Cons
Extensive Renovation Required: Described as 'original' and needing 'paint brushes,' the property requires substantial renovation and financial investment to meet modern living standards and maximize its potential.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property's functionality is limited for families or multiple occupants, likely necessitating a costly bathroom addition or reconfiguration.
Aging Infrastructure: Built in 1951, the home is over 70 years old, suggesting that major systems (plumbing, electrical, HVAC) may be original or outdated, potentially requiring significant repairs or replacement in the near future.