14023 Studebaker, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 1 bath
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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 Subject | $649,000* List Price | 3 | 1 | 888 | $685 | - |
A 13933 Lefloss Sold | $610,000 | 2 | 1 | 817 | $747 | 0.1 mi |
B 11415 Mapledale Sold | $550,000 | 3 | 1 | 1,006 | $547 | 0.7 mi |
C 12611 Lefloss Avenue Sold | $700,000 | 3 | 1 | 1,049 | $667 | 0.9 mi |
D 14022 Sylvanwood Sold | $670,000 | 2 | 1 | 812 | $825 | 0.6 mi |
E 14542 Longworth Avenue Sold | $758,000 | 3 | 1 | 1,056 | $718 | 0.6 mi |
F 15429 Piuma Active | $550,000 List Price | 3 | 1 | 1,050 | $524 | 1.0 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 Images show a severely dilapidated kitchen, significant interior wall damage, and outdated systems requiring a full-scale rehab.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.
* Priced To Sell * 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 44% |
| Square foot | 888 | 1,205 | 18% |
| Lot Size | 4,985 | 5,284 | 14% |
| Price | $649.0K | $765.0K | 13% |
| Price per sq ft | $731 | $647 | 69% |
| Built year | 1950 | 1952 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 122 | 2% |
May 29, 2026
$649,000
Initial Listing