
Norwalk, California 90650
This Single Family Residence presents a High-Potential Investment Opportunity, listed at $997,000—positioned above the $946,318 Fair Market Value. While priced at a premium, the property offers significant upside through its 11,299 Sq Ft Lot with Agricultural/Horse Zoning and ADU Development Potential. Featuring a Condition Rating of 4, the home requires cosmetic modernization to reach its full market potential. With an open floor plan and expansive outdoor space including a Hot Tub, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14831 Domart Subject | $997,000* List Price | 3 | 2 | 1,983 | $477 | - |
A 15105 Domart Sold | $845,000 | 3 | 1 | 1,300 | $650 | 0.1 mi |
B 15226 Graystone Sold | $805,000 | 4 | 1 | 1,638 | $491 | 0.9 mi |
C 15517 Longworth Avenue Sold | $800,000 | 3 | 2 | 1,668 | $480 | 0.9 mi |
D 15223 Gridley Sold | $790,000 | 2 | 2 | 1,248 | $633 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but significantly dated, featuring 1970s-style wood paneling, red carpeting, and a kitchen that appears to be 30+ years old. While it includes upgrades like copper plumbing, the presence of wall heaters and older finishes throughout indicates a need for comprehensive cosmetic and system updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11299, living area = 1983.
The oversized 11,299 sq ft lot is zoned for agricultural use and horses, offering rare versatility and a park-like atmosphere that is highly uncommon for the Norwalk area.
The property's significant lot size and layout provide an excellent opportunity to add an Accessory Dwelling Unit (ADU), offering potential for multi-generational living or additional rental income.
The home features only 1.5 bathrooms for a three-bedroom property of this size, which may be a drawback for larger families or buyers seeking modern convenience.
Built in 1954, the property may require further cosmetic modernizations or system updates to fully justify its premium price point, despite the presence of copper plumbing.
* OPEN HOUSE 07/18/26 1:00 PM To 5:00 PM !! * This Is A Must See Home ! What A Opportunity To Buy This Awesome Property ! * This Property Is Zoned For Agricultural And Horses ! If You Have Been Wanting A Home With A Big Beautiful Back Yard ? Here It Is ! * Great Home For Entertaining ! * Be The Envy Of Everyone ! You Can Add An ADU !! This Home Has An Awesome Open Floor Plan * 3 Bedrooms 1 1/2 Bathrooms * 1,983 Sq Ft Of Living Space * This 11,299 Sq Ft Lot Is Beautifully Landscaped With A Big Park Back Yard Atmosphere That You Will Love ! * Dining Area * Large Family Room * Big Up Stairs Bonus Room Could Be Another Bedroom Or Recreation Room * Awesome Covered Patio * Refrigerator , Stove Are Included * Outdoor Hot Tub * Big 2 Car Attached Garage * Automatic Garage Door Opener * Copper Plumbing * Fruit Trees * Neighborhood Park Is In Easy Walking Distance From Your New Home * Close To Schools , Shopping , Cerritos College , Cerritos Mall , Cerritos Iron Wood Golf Coarse * Easy Access To 605 Fwy , 91 Fwy, 105 Fry , 5 Fry And Metro Lane , Bus Transit *
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 1,983 | 1,061 |
| Lot Size | 11,299 | 5,241 |
| Price | $997.0K | $774.2K |
| Price per sq ft | $503 | $648 |
| Built year | 1954 | 1952 |
| HOA | $0 | $0 |
| Days on market | 7 | 47 |
Jul 15, 2026
$997,000
Initial Listing