12100 Hermosura Street, Norwalk, California 90650, Norwalk, 90650 - 4 bed, 2 bath
ACTIVE$720,000
12100 Hermosura Street, Norwalk, California 90650
4Beds
2Baths
1,259Sqft
4,647Lot
Price Vs. Estimate
The estimated value ($642,773.77) is $77,226.23 (10%) lower than the list price ($720,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Value-Add Potential: Explicitly marketed as a 'Fixer-Upper Investment Property' with 'tremendous value-adding potential through a full remodel,' appealing to investors or buyers looking to customize.
Top Cons:
Extensive Renovation Required: Clearly stated as a 'Fixer-Upper' requiring 'renovation and some TLC,' indicating significant time, effort, and capital investment for a full remodel.
Compared to the nearby listings
Price:$720.0K vs avg $760.0K ($-40,000)32%
Size:1,259 sqft vs avg 1,149 sqft62%
Price/sqft:$572 vs avg $63733%
More Insights
Built in 1948 (77 years old).
Condition: This property, built in 1948, is explicitly marketed as a 'Fixer-Upper Investment Property' requiring 'a full remodel' and is being sold 'AS-IS' with 'no repairs' from the seller. The images confirm severely outdated conditions throughout, particularly in the kitchen and bathroom. The kitchen features old wooden cabinets, a basic range hood, and dated countertops. The bathroom has an older vanity and light fixture. Flooring appears to be older tile. The presence of a window AC unit suggests a lack of modern central cooling. Given its age and the clear need for substantial repairs and rehabilitation, including major system replacements implied by a 'full remodel,' the property falls squarely into the 'Poor' condition category.
Year Built
1948
Close
-
List price
$720K
Original List price
$740K
Price/Sqft
$572
HOA
-
Days on market
-
Sold On
-
MLS number
RS25083285
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Fixer-Upper Investment Property – 4 Bed, 2 Bath – Great Potential!" Calling all investors - Priced to Move!! This 4-bedroom, 2-bathroom home offers an exceptional opportunity to add value through renovation and place a solid property in your real estate portfolio. With a little vision and some TLC, this property can be transformed into a stunning home or a profitable rental. This layout is perfect for your personal residence or as a rental, making it a desirable option once renovated. Whether you’re looking to flip or hold, this property offers tremendous value-adding potential through a full remodel. Schedule a private showing today to explore this exciting investment opportunity and see the potential firsthand. This Property is being sold in its AS-IS condition, the seller will make no repairs. SELLERS ARE MOTIVATED.
Price History
Date
Event
Price
04/10/19
Sold
$485,000
08/17/15
Sold
$361,000
Condition Rating
Poor
This property, built in 1948, is explicitly marketed as a 'Fixer-Upper Investment Property' requiring 'a full remodel' and is being sold 'AS-IS' with 'no repairs' from the seller. The images confirm severely outdated conditions throughout, particularly in the kitchen and bathroom. The kitchen features old wooden cabinets, a basic range hood, and dated countertops. The bathroom has an older vanity and light fixture. Flooring appears to be older tile. The presence of a window AC unit suggests a lack of modern central cooling. Given its age and the clear need for substantial repairs and rehabilitation, including major system replacements implied by a 'full remodel,' the property falls squarely into the 'Poor' condition category.
Pros & Cons
Pros
High Value-Add Potential: Explicitly marketed as a 'Fixer-Upper Investment Property' with 'tremendous value-adding potential through a full remodel,' appealing to investors or buyers looking to customize.
Motivated Seller: The listing states 'SELLERS ARE MOTIVATED' and includes a recent price reduction from $740,000 to $720,000, indicating potential for negotiation.
Desirable Bedroom/Bathroom Count: A 4-bedroom, 2-bathroom configuration is highly sought after for both owner-occupants and rental income potential, offering broad market appeal.
Versatile Use: The property's layout is described as perfect for a 'personal residence or as a rental,' providing flexibility for different buyer strategies (e.g., flip or hold).
Established Location: Located in Norwalk, an established city, which typically offers existing infrastructure, amenities, and community, contributing to long-term stability and demand.
Cons
Extensive Renovation Required: Clearly stated as a 'Fixer-Upper' requiring 'renovation and some TLC,' indicating significant time, effort, and capital investment for a full remodel.
Sold 'As-Is' Condition: The property is sold 'AS-IS' with the seller making 'no repairs,' shifting all responsibility and potential costs for existing defects or necessary upgrades entirely to the buyer.
Age of Property: Built in 1948, the home is over 75 years old, suggesting potential for outdated systems (electrical, plumbing, HVAC) and structural components that may require costly replacement or upgrades.