14023 Studebaker Road, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 3 bath
Loading property details...
Norwalk, California 90650
This property presents a High-Potential Investment Opportunity with a List Price of $649,000—positioned well below the $608,082 Fair Market Value by -6%. While the property requires significant capital, the Condition Rating of 5 reflects a blank canvas for value-add renovations. The large lot and detached garage provide excellent potential for an ADU, maximizing rental yield. Located near major freeways and Cerritos College, this asset is a strategic acquisition for Buy-and-Hold Investors or Experienced Contractors capable of managing major structural repairs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14023 Studebaker Road Subject | $634,950* List Price | 3 | 3 | 1,238 | $505 | - |
A 13534 Behrens Sold | $575,000 | 3 | 2 | 1,192 | $482 | 0.3 mi |
B 12714 Orr And Day Sold | $540,000 | 3 | 2 | 1,404 | $385 | 1.0 mi |
C 13917 Roseton Sold | $735,000 | 3 | 2 | 1,186 | $620 | 0.7 mi |
D 11434 Littchen St Sold | $750,000 | 3 | 2 | 1,304 | $575 | 0.8 mi |
E 11035 Borson Sold | $780,000 | 3 | 2 | 1,271 | $614 | 0.8 mi |
F 14808 Dalwood Sold | $580,000 | 2 | 1 | 1,170 | $496 | 0.6 mi |
G 15429 Piuma Sold | $612,000 | 3 | 1 | 1,050 | $583 | 1.0 mi |
H 15503 Halcourt Sold | $735,000 | 3 | 2 | 1,406 | $523 | 1.0 mi |
I 10817 Leffingwell Active | $774,000 List Price | 3 | 2 | 1,436 | $539 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 with no evidence of modernization. The listing explicitly states the property needs 'major repairs,' contains unpermitted additions, and requires 'cash only' offers. Images show a severely dilapidated kitchen, significant interior wall damage, and outdated systems requiring a full-scale rehab.
The property features a spacious backyard and a detached 2-car garage with alley access, offering significant potential to build an Accessory Dwelling Unit (ADU) for additional value or rental income.
Ideally situated near major freeways (605, 91, 105, 5), Cerritos College, and the Cerritos Mall, providing excellent accessibility and convenience for future residents.
Priced specifically for experienced investors, the property offers a blank canvas to modernize and upgrade, capitalizing on the discrepancy between tax records and actual square footage.
Approximately 350 square feet of the current living area and several rooms lack proper permits, posing potential legal, safety, and structural challenges for the new owner.
The home requires major repairs and is limited to cash-only offers, excluding traditional buyers and requiring immediate, significant capital investment.
* New Asking Price !! * Calling All Experienced Investors ! * CASH Offers Only *Many Possibilities To Upgrade This Home * Property Is Being SOLD In Its Present Condition And Is Need Of Major Repairs * Great Investment Opportunity * Tax Records Show 3 Bedroom 1 Bathroom 888 Sq Ft * Subject Property Has Approximately 1,238 Sq Ft Of Estimated Living Space With NO PERMITS For Additional Rooms Added * 3 Bedrooms , 2 Bathrooms And 1 Walk In Shower * Subject Property Has A Living Room And Two Extra Back Rooms That Are Not Permitted * Back Yard Has Room To Build ADU * 2 Car Detached Garage With Alley Access , Entry Gate For Additional Parking In Back Yard * Great Neighborhood * Close To Schools And Cerritos College * Cerritos Mall * Cerritos Ironwoods Golf Coarse And Bike Path Near Bye * Easy Access 605 Fwy , 91 Fwy , 105 Fry And 5 Fwy , Metro Lane *
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 1.0 |
| Square foot | 1,238 | 1,061 |
| Lot Size | 4,985 | 5,241 |
| Price | $635.0K | $774.2K |
| Price per sq ft | $513 | $648 |
| Built year | 1950 | 1952 |
| HOA | $0 | $0 |
| Days on market | 54 | 47 |
Jul 19, 2026
$634,950
$639,000
-1% Price Drop
Initial Listing
Jun 26, 2026
$639,000
$649,000
-2% Price Drop
Initial Listing
May 29, 2026
$649,000
Initial Listing