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12142 Cheshire Street, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 2 bath

12142 Cheshire Street, Norwalk, California 90650 home-pic-0
ACTIVE$935,000
12142 Cheshire Street, Norwalk, California 90650
3Beds
2Baths
1,290Sqft
5,178Lot
Year Built
1952
Close
-
List price
$935K
Original List price
$899K
Price/Sqft
$725
HOA
-
Days on market
-
Sold On
-
MLS number
CV24199078
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,5 Pros. Rank: price - $935.0K(97th), sqft - 1290(65th), beds - 3(50th), baths - 2(50th).

Welcome to Your New Home in Norwalk! Discover this beautifully maintained single-family home, that enhance both comfort and style. This inviting residence boasts renovated bathrooms, updated flooring, new plumbing, and updated electrical, creating a warm and welcoming atmosphere. But that's not all! An Accessory Dwelling Unit (ADU) in the back adds incredible value and versatility to this property. Perfect for guests, extended family, or as a potential rental income opportunity, this self-contained unit includes its own entrance and bathroom. Additionally, the front part of the house has an additional room, providing even more flexibility for your living arrangements. This home is ideal for anyone looking to enjoy the benefits of city living while having the option for additional income or family space. Don’t miss out on this unique opportunity! More pictures to come.

Condition Rating
Good
The property, built in 1952, has undergone significant recent renovations as stated in the description, including 'renovated bathrooms, updated flooring, new plumbing, and updated electrical.' The main bathroom (Image 4) is very modern with new tiles, fixtures, and vanity. The main living areas and bedrooms feature updated flooring and recessed lighting, making them move-in ready. While the kitchen (Image 7) has a more traditional style with wood cabinets and granite countertops, it appears functional and well-maintained, though not as recently updated as the main bathroom. The ADU bathroom (Image 10) is older and less renovated. However, the extensive updates to major systems and key living spaces, coupled with the overall 'beautifully maintained' condition, align with the 'Good' criteria of being move-in ready with no immediate renovation required and major systems being functional and updated within the last 5-15 years.
Pros & Cons

Pros

Income-Generating ADU: The property features a self-contained Accessory Dwelling Unit (ADU) with its own entrance and bathroom, offering significant rental income potential or flexible living for extended family.
Extensive Recent Upgrades: Key systems and aesthetics have been updated, including renovated bathrooms, updated flooring, new plumbing, and updated electrical, reducing immediate maintenance concerns for a 1952-built home.
Flexible Living Space: An additional room in the front part of the main house provides versatile space for various living arrangements, enhancing functionality.
Well-Maintained Condition: The property is described as 'beautifully maintained,' suggesting pride of ownership and good upkeep.
Versatile Property Use: The combination of the main house and ADU makes it ideal for multi-generational living or as an investment property with dual income streams.

Cons

Substantial Overpricing: The current list price of $935,000 is significantly above the estimated market value and recent comparable sales, indicated by a -40% estimation ratio, which may deter potential buyers.
Prolonged Market Presence: Having been on the market for over five months (since September 2024), the property's extended listing period suggests a lack of buyer interest, likely due to its aggressive pricing.
Incomplete Marketing: The listing explicitly states 'More pictures to come,' indicating an unfinished marketing presentation that could hinder initial buyer engagement and interest.

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