12212 Crewe Street, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 2 bath

12212 Crewe Street, Norwalk, California 90650 home-pic-0
ACTIVE$800,000
12212 Crewe Street, Norwalk, California 90650
3Beds
2Baths
1,205Sqft
5,303Lot

Price Vs. Estimate

The estimated value ($540,309) is $259,691 (32%) lower than the list price ($800,000). This property may be overpriced.

Key pros and cons

Top Pros:
Multi-Unit Income Potential: The property features three distinct units, including a main house portion, a one-bedroom unit, and a garage-converted studio, offering significant income-generating opportunities for investors or flexible living arrangements for families.
Top Cons:
As-Is Condition & Buyer Responsibility: The property is sold in 'as-is' condition with no repairs from the owner, placing the burden on the buyer to verify permits and address any potential code violations or necessary upgrades.

Compared to the nearby listings

Price:$800.0K vs avg $760.0K (+$40,000)71%
Size:1,205 sqft vs avg 1,149 sqft57%
Price/sqft:$664 vs avg $63959%

More Insights

Built in 1955 (70 years old).
Condition: Built in 1955, this property retains its 'original character and charm' with 'most features remaining true to their vintage roots,' indicating no major recent renovations. The bathrooms are significantly outdated with older fixtures and tiles. While functional, the property requires substantial cosmetic updates and likely system modernizations to meet current standards, aligning with the 'fair' category's description of an aged but maintained home with outdated major components. The 'as-is' sale and potential unpermitted conversions further suggest a need for buyer investment and updates.
Year Built
1955
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$664
HOA
-
Days on market
-
Sold On
-
MLS number
IV25099971
Home ConditionFair
Features
Patio
View-

About this home

This unique property offers an incredible opportunity for both families and investors alike, with 3 distinct units and endless possibilities! If you’ve been searching for a place that’s not only a home but also an income-generating asset, this is it! This original layout is beautifully divided into 3 separate units, each with its own private entrance, perfect for accommodating a large family or generating rental income. The front portion of the house features two cozy bedrooms and a well-appointed bathroom. Nestled at the rear, you’ll find a delightful one-bedroom unit complete with its own living area, kitchen, and bathroom—perfect for guests or as a rental suite. But that's not all! The two-car garage has been creatively transformed into a private studio featuring a full bathroom and its own entrance. This bonus space is perfect for an office, art studio, or even a guest suite! Stepping inside, you’ll be enchanted by the home’s original character and charm. While most features remain true to their vintage roots, this residence is ready for your innovative ideas to elevate its appeal. The layout also allows for easy modification, with access through the laundry room to split the space as you see fit. Outside, you’re greeted by a tranquil backyard oasis adorned with mature fruit trees—a lovely haven for children to play, or for hosting family gatherings under the sun. Location, location, location! This property is situated within walking distance to an array of amenities, making everyday life a breeze. Just across the street, you’ll find a large shopping center for all your retail needs. Families will appreciate being less than two blocks from a reputable elementary school, and the civic center and city hall are just blocks away. Parks, restaurants, and easy access to the 5 freeway further enhance this prime location! With its incredible income potential and substantial living space, this home is a rare find in the bustling Norwalk area. Please note that the owner will make no repairs, and it is the buyer's responsibility to verify permits and any code violations—allowing you the freedom to shape this space as you envision. Don’t miss out on this fantastic opportunity to own a piece of Norwalk charm! Schedule your private showing today and discover the endless possibilities that await you in this amazing multi-unit property. This is more than just a home; it's a lifestyle waiting to be embraced!

Price History

Date
Event
Price
12/02/03
Sold
$250,000
Condition Rating
Fair

Built in 1955, this property retains its 'original character and charm' with 'most features remaining true to their vintage roots,' indicating no major recent renovations. The bathrooms are significantly outdated with older fixtures and tiles. While functional, the property requires substantial cosmetic updates and likely system modernizations to meet current standards, aligning with the 'fair' category's description of an aged but maintained home with outdated major components. The 'as-is' sale and potential unpermitted conversions further suggest a need for buyer investment and updates.
Pros & Cons

Pros

Multi-Unit Income Potential: The property features three distinct units, including a main house portion, a one-bedroom unit, and a garage-converted studio, offering significant income-generating opportunities for investors or flexible living arrangements for families.
Versatile Layout & Bonus Spaces: The unique layout provides versatile bonus spaces, such as the converted garage studio and a separate one-bedroom unit, suitable for an office, art studio, guest suite, or additional rental income.
Prime Location & Amenities: Strategically located within walking distance to a large shopping center, an elementary school, civic center, city hall, parks, restaurants, and offers easy access to the 5 freeway.
Backyard Oasis: The tranquil backyard, adorned with mature fruit trees, provides a lovely outdoor space for recreation, family gatherings, or relaxation.
Renovation Potential: Retaining its original character and charm, the property is described as ready for innovative ideas and easy modification, appealing to buyers looking to customize and elevate its appeal.

Cons

As-Is Condition & Buyer Responsibility: The property is sold in 'as-is' condition with no repairs from the owner, placing the burden on the buyer to verify permits and address any potential code violations or necessary upgrades.
Age of Property & Required Updates: Built in 1955, the property's vintage roots suggest a need for substantial modernization and maintenance beyond cosmetic changes, which could entail significant investment.
Potential Unpermitted Conversions: The description of three distinct units (including a garage conversion) with a listed 3 beds/2 baths and 1205 sqft raises concerns about unpermitted conversions, requiring diligent buyer verification and potential legalization costs.

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