11979 Olive, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 2 bath
ACTIVE$675,000$1,344/sqft
Est. Value: $682,223
1%
FairlyEstimate
11979 Olive, Norwalk, California 90650
3Beds
2Baths
1,344Sqft
6,512Lot
Price Vs. Estimate
The estimated value ($682,223.37) is $7,223.37 (1%) lower than the list price ($675,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: The property is situated in a 'prime location' within Norwalk, enhancing its desirability and potential for appreciation.
Top Cons:
As-Is Condition: The property is being sold in 'As-Is' condition, indicating that the seller will not make repairs and potential buyers should anticipate necessary investments for renovations or deferred maintenance.
Compared to the nearby listings
Price:$675.0K vs avg $760.0K ($-85,000)18%
Size:1,344 sqft vs avg 1,149 sqft70%
Price/sqft:$502 vs avg $64719%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, this property is over 100 years old and is being sold in 'As-Is' condition. Without interior images, a direct assessment of the kitchen and bathrooms is impossible, but given the age and 'As-Is' status, it's highly probable they are severely outdated and require full renovation. The property likely needs substantial repairs and modernization, including potential updates to major systems (plumbing, electrical) and possibly structural components, aligning with the 'Poor' condition criteria.
Year Built
1922
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$502
HOA
-
Days on market
-
Sold On
-
MLS number
DW26002090
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Spacious 3 bedroom 2 bathroom home in prime location. Detached 2 car garage with a 6,512 sqft lot (ADU Potential). Property to be sold in its "As-Is" condition. Do not disturb occupants.
J
Joshua Vivanco
Listing Agent
Price History
Date
Event
Price
10/31/13
Sold
$359,000
02/19/13
Sold
$225,000
Condition Rating
Poor
Built in 1922, this property is over 100 years old and is being sold in 'As-Is' condition. Without interior images, a direct assessment of the kitchen and bathrooms is impossible, but given the age and 'As-Is' status, it's highly probable they are severely outdated and require full renovation. The property likely needs substantial repairs and modernization, including potential updates to major systems (plumbing, electrical) and possibly structural components, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Prime Location: The property is situated in a 'prime location' within Norwalk, enhancing its desirability and potential for appreciation.
ADU Potential: With a generous 6,512 sqft lot and a detached 2-car garage, the property explicitly offers Accessory Dwelling Unit (ADU) potential, providing significant value-add opportunities for rental income or extended family living.
Generous Lot Size: The 6,512 sqft lot provides ample outdoor space, privacy, and supports future expansion or landscaping projects, in addition to ADU potential.
Detached 2-Car Garage: A detached 2-car garage offers versatile space for parking, storage, a workshop, or as a foundation for an ADU conversion.
Desirable View: The property boasts a 'City Lights' view, adding an attractive aesthetic and enhancing its market appeal.
Cons
As-Is Condition: The property is being sold in 'As-Is' condition, indicating that the seller will not make repairs and potential buyers should anticipate necessary investments for renovations or deferred maintenance.
Age of Property: Built in 1922, the home is over 100 years old, which may imply outdated systems (plumbing, electrical), potential structural issues, and a need for significant modernization to meet contemporary standards.
Occupied Property: The instruction 'Do not disturb occupants' suggests the property is tenant-occupied, which can complicate showings, inspections, and the closing process, potentially requiring tenant relocation.