
Norwalk, California 90650
This property presents a Strong Value Opportunity with a List Price of $699,000—positioned well above the $651,878 Fair Market Value by -7%. Featuring a Fair Condition Rating, the home offers significant ADU Value-Add Potential through its nearly completed garage conversion. Located within the ABC Unified School District, this asset provides a functional 3-bedroom layout for those willing to finalize construction. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through renovation and permit legalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12101 Barnwall Subject | $699,000* List Price | 3 | 2 | 879 | $742 | - |
A 12154 Nava Sold | $670,000 | 2 | 1 | 853 | $785 | 0.2 mi |
B 12007 Hayford Sold | $635,000 | 3 | 1 | 873 | $727 | 0.2 mi |
C 12128 161st Street Sold | $580,000 | 2 | 1 | 971 | $597 | 0.5 mi |
D 11961 165th Street Sold | $715,000 | 3 | 1 | 1,008 | $709 | 0.7 mi |
E 15703 Madris Ave Sold | $720,000 | 3 | 1 | 955 | $754 | 0.4 mi |
F 11827 Nava Street Sold | $529,000 | 2 | 1 | 755 | $701 | 0.4 mi |
G 11864 Hopland Active | $750,000 List Price | 3 | 1 | 908 | $826 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the kitchen has been updated with modern shaker cabinets and a farmhouse sink (likely <10 years), the 1952 structure is categorized as a 'value-add' project. The property contains an unfinished garage conversion with exposed studs and plumbing, and the existing bathroom features dated tiling and fixtures. The overall condition requires completion of construction and likely updates to older systems to meet modern standards.
The nearly completed garage conversion offers a significant opportunity to create a legal studio or ADU, providing potential for rental income or multi-generational living.
Situated within the ABC Unified School District, the property benefits from access to top-tier educational facilities, which is a major driver for long-term property value.
The 3-bedroom, 2-bathroom configuration provides a highly functional and desirable floor plan for a starter home, maximizing the utility of the available square footage.
The property was recently sold within the past year on 2025-11-20. The sold price is $630,000.00.
At only 879 square feet for a three-bedroom residence, the interior may feel cramped, potentially limiting its appeal to buyers seeking larger common areas.
The garage conversion is currently unfinished and unverified as a legal living space, requiring the buyer to navigate city permits and inspections to finalize its status.
3-Bedroom Norwalk Home with Nearly Completed Studio Conversion & Value-Add Potential Welcome to this versatile 3-bedroom, 2-bathroom home in Norwalk, situated on a 3,898-square-foot lot and offering approximately 879 square feet of living space. The property offers an exciting opportunity for buyers looking for additional space, rental potential, or a value-add project. One of the standout features is the garage conversion, which is nearly completed and has been configured for use as a studio. The remaining work provides an opportunity for the new owner to finish the space and pursue legalization as an ADU/studio, subject to applicable city permits, inspections, and approvals. Once completed and approved, the additional space could provide a variety of possibilities, including additional living quarters, a private space for extended family, a home office, guest accommodations, or potential rental income. The main residence features a practical 3-bedroom, 2-bathroom layout, while the additional converted space gives the property an added layer of flexibility that is increasingly desirable in today’s market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 1.7 |
| Square foot | 879 | 1,240.426 |
| Lot Size | 3,898 | 5,344.851 |
| Price | $699.0K | $764.0K |
| Price per sq ft | $795 | $632 |
| Built year | 1952 | 1951 |
| HOA | $0 | $320 |
| Days on market | 29 | 50 |
Aug 11, 2026
$699,000
Initial Listing
Nov 20, 2025
$630,000
Public Record
Mar 30, 2017
$360,000
Public Record
Nov 20, 2012
$252,000
Public Record