11979 Olive, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 2 bath
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Norwalk, California 90650
This Prime Investment Opportunity is listed at a List Price of $775,000, positioned well below the $795,742 Fair Market Value by 2%. This valuation gap offers $20,742 in Instant Equity. Featuring a Condition Rating of 3, the home includes modern upgrades like central AC and laminate flooring. With NOR3 Zoning and a detached 2-car garage, the property offers significant ADU/Duplex potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add asset in the Norwalk-La Mirada district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11979 Olive Subject | $775,000* List Price | 3 | 2 | 1,344 | $592 | - |
A 12243 Gettysburg Sold | $759,000 | 3 | 2 | 1,205 | $630 | 0.5 mi |
B 11533 Liggett Street Sold | $897,500 | 4 | 2 | 1,408 | $637 | 1.0 mi |
C 14403 Horst Avenue Sold | $840,000 | 3 | 2 | 1,601 | $525 | 0.8 mi |
D 11434 Littchen St Sold | $750,000 | 3 | 2 | 1,304 | $575 | 0.8 mi |
E 12509 Firestone Sold | $770,000 | 3 | 2 | 1,410 | $546 | 0.8 mi |
F 14615 Horst Sold | $765,000 | 3 | 2 | 1,270 | $602 | 1.0 mi |
G 11816 Arlee Sold | $715,000 | 3 | 1 | 972 | $736 | 0.8 mi |
H 12331 Sproul Street Active | $820,000 List Price | 3 | 2 | 1,368 | $599 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1922 build date, the property is well-maintained and move-in ready. It features significant system and interior updates including central air conditioning, laminate flooring throughout, and plantation shutters. The condition suggests a renovation or consistent maintenance within the 10-15 year range, making it functional and habitable without immediate major repairs.
The NOR3 zoning and detached 2-car garage offer significant potential for a duplex conversion or the addition of an ADU, providing excellent value-add opportunities for investors or multi-generational families.
Despite its historic charm, the home is equipped with modern essentials including central air conditioning, laminate flooring, plantation shutters, and a convenient indoor laundry room.
The 1,344 sq. ft. floor plan is efficiently designed with three bedrooms, two bathrooms, a formal dining area, and a breakfast nook, making it highly suitable for contemporary family living.
The property was recently sold within the past year on 2026-01-30. The sold price is $685,000.00.
Built in 1922, the property's age may present challenges related to older infrastructure, potentially requiring specialized maintenance or updates to electrical and plumbing systems.
The property does not offer any notable views, which may limit its appeal to buyers prioritizing aesthetic surroundings or premium neighborhood vistas.
This well-maintained home features 3 bedrooms, 2 bathrooms, and approximately 1,344 sq. ft. of living space on an approximately 6,514 sq. ft. lot. The interior offers a living room, a formal dining area, plantation shutters, and laminate flooring throughout, creating a warm and inviting atmosphere. The kitchen includes a breakfast nook, and the home also features a convenient indoor laundry room. Additional highlights include central air conditioning and a detached 2-car garage. Title shows Zoning NOR3, potential duplex/ADU.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 1,344 | 1,061 |
| Lot Size | 6,514 | 5,241 |
| Price | $775.0K | $774.2K |
| Price per sq ft | $577 | $648 |
| Built year | 1922 | 1952 |
| HOA | $0 | $0 |
| Days on market | 13 | 47 |
Jul 9, 2026
$775,000
Initial Listing
Jan 30, 2026
$685,000
Public Record
Oct 31, 2013
$359,000
Public Record
Feb 19, 2013
$225,000
Public Record