
Norwalk, California 90650
This Value-Add Equestrian Asset is listed at $845,000, which stands above the $638,972 Fair Market Value due to its rare land-use characteristics and specialized utility. Currently holding a Condition Rating of 5, the residence requires extensive rehabilitation but sits on an expansive 11,474 sq ft lot with significant ADU Potential and direct access to public horse trails. Situated within the Norwalk-La Mirada district near Cerritos College and major transit arteries, the property offers a unique niche for specialized development and forced appreciation. This acquisition is an ideal project for Fix-and-Flip Investors or Developers seeking high-utility suburban acreage.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15105 Domart Subject | $845,000* List Price | 3 | 1 | 1,300 | $492 | - |
A 15226 Graystone Sold | $805,000 | 4 | 1 | 1,638 | $491 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, this property is over 70 years old and explicitly listed as needing upgrades and repairs. While there are minor cosmetic updates like painted kitchen cabinets and some laminate flooring, the overall condition of the kitchen and the single bathroom is dated and shows signs of wear. The ceiling appears to have uneven texture or potential water damage, and the listing confirms it is being sold in its present condition for rehab potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11474, living area = 1300.
The oversized 11,474 sq ft lot is significantly larger than standard parcels in the area, providing ample space for the construction of an Accessory Dwelling Unit (ADU) or a substantial home expansion.
This is a rare horse property that directly backs up to a public horse trail and bike path, offering a unique lifestyle niche and value proposition that is difficult to find in this suburban market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1300, other record living area = 1034.
The home is being sold in its present 'as-is' condition and requires extensive upgrades and repairs, which may limit financing options to cash or renovation-specific loans.
With three bedrooms but only one bathroom, the current floor plan lacks the modern convenience expected by today's families, potentially requiring a layout reconfiguration during renovations.
* Priced To Sell * Home Is Being SOLD In Its Present Condition *Rare Horse Property * 11,474 Sq Ft Lot * 1,300 Sq Ft As Per Seller * Home Is In Need Of Upgrades And Repairs * 3 Bedrooms 1 Bathroom * Family Room With Fireplace * Refrigerator And Stove Included * Nice Open Floor Plan * Lots Of Room To Build ADU * 2 Car Attached Garage * Big Driveway * Great Neighborhood * Close To Schools And Shopping * Cerritos College * Cerritos Mall * Cerritos Ironwood Golf Coarse And Bike Path Near Bye * Easy Access To 605 Fwy, 91 Fwy, 105 Fwy, 5 Fwy And Metro Lane * Backyard Backs Up To Public Horse Trail And Public Bike Path *
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 | 41% |
| Square foot | 1,300 | 1,205 | 67% |
| Lot Size | 11,474 | 5,303 | 98% |
| Price | $845.0K | $770.0K | 84% |
| Price per sq ft | $650 | $649 | 51% |
| Built year | 1954 | 1952 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 92 | 154 | 27% |
Jan 20, 2026
$845,000
Initial Listing
Dec 30, 2002
$265,000
Public Record
Aug 20, 1997
$152,000
Public Record