
Norwalk, California 90650
This Value-Add Residential Asset is listed at $650,000, positioned above the $606,560 Fair Market Value by 6%. While currently priced at a premium, the property offers a strategic entry point into the Norwalk - La Mirada high school district. Carrying a Fair Condition Rating, the 564 sqft interior requires modernization of the kitchen, bathroom, and core systems to meet modern standards. However, the 4-car carport and private backyard featuring a patio and mature banana and avocado trees provide unique utility. This property is a strategic opportunity for First-Time Homeowners looking to build equity or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11864 Hayford Street Subject | $650,000* List Price | 2 | 1 | 564 | $1,075 | - |
A 12038 Cheshire Street Active | $559,990 List Price | 2 | 1 | 589 | $951 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this property is functional and appears maintained, but its major components are significantly outdated. The kitchen features older cabinets, worn countertops, and basic appliances, including a freestanding washer/dryer, indicating a need for a full renovation. The bathroom has dated penny tile, an older vanity light, and basic fixtures. The home lacks central HVAC, relying on a window AC unit and a wall heater. While the laminate flooring in the living areas and bedrooms appears to be a more recent update, the overall condition of the wet areas and core systems suggests the property requires substantial cosmetic and system upgrades to meet modern standards, aligning with the 'Fair' category.
The property is explicitly marketed as an excellent opportunity for first-time home buyers, indicating an accessible entry point into the Norwalk market.
Situated in a 'great area of Norwalk,' suggesting a sought-after neighborhood with potential for community amenities and convenience.
Features a spacious backyard with established banana and avocado trees, providing natural shade, aesthetic appeal, and potential for outdoor enjoyment.
With only 564 sqft, the home offers very limited living space, which may be a significant drawback for buyers seeking more room or future expansion.
The property features only one bathroom, which can be inconvenient for multiple occupants or guests.
The current listing price of $650,000 is above the estimated property value of $612,305.73, potentially making it appear overpriced to savvy buyers.
Cozy 2 bed, 1 bath home! Excellent opportunity for first time home buyers to buy in a great area of Norwalk. Spacious back yard with banana & avocado trees that give nice shade. Large car port in front of house, can park up to 4 cars.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 2.0 | 41% |
| Square foot | 564 | 1,205 | 1% |
| Lot Size | 2,603 | 5,294 | 3% |
| Price | $650.0K | $770.0K | 12% |
| Price per sq ft | $1.2K | $649 | 99% |
| Built year | 1954 | 1952 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 226 | 159 | 78% |
Sep 8, 2025
$650,000
Initial Listing
Dec 21, 2021
$470,000
Public Record
Jan 30, 2020
$360,000
Public Record
Oct 27, 2008
$130,000
Public Record
May 19, 2006
$345,000
Public Record
Oct 10, 2003
$169,000
Public Record