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15503 Halcourt, Norwalk, California 90650, Norwalk, 90650 - 3 bed, 2 bath

15503 Halcourt, Norwalk, California 90650 home-pic-0
ACTIVE$675,000$1,406/sqft
Est. Value: $662,700
-1%
FairlyEstimate
15503 Halcourt, Norwalk, California 90650
3Beds
2Baths
1,406Sqft
5,558Lot

Price Vs. Estimate

The estimated value ($662,700.285) is $12,299.715 (1%) lower than the list price ($675,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Investment Potential: Explicitly marketed as a 'value-add opportunity' with 'strong potential for renovation and resale' in a high-demand market, appealing to investors.
Top Cons:
Tenant-Occupied Sale: The property is 'tenant-occupied and subject to existing tenancy,' which can complicate possession, renovation timelines, and investor plans.

Compared to the nearby listings

Price:$675.0K vs avg $760.0K ($-85,000)18%
Size:1,406 sqft vs avg 1,149 sqft73%
Price/sqft:$480 vs avg $64714%

More Insights

Built in 1951 (75 years old).
Condition: Built in 1951, this property is explicitly marketed as a 'value-add opportunity' requiring 'modernization and cosmetic upgrades.' The absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are significantly outdated and in poor condition, necessitating substantial rehabilitation. While the 'existing floor plan offers a solid foundation,' this refers to structural integrity, not the current state of finishes, appliances, or systems, which are likely well past their expected lifespan and require major updates.
Year Built
1951
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
CV25280999
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Investor value-add opportunity in the City of Norwalk. This 3-bedroom, 2-bathroom single-family residence with a 2-car attached garage presents strong potential for renovation and resale in a market with consistent end-buyer demand. The existing floor plan offers a solid foundation for modernization and cosmetic upgrades to maximize after-repair value. Located on a residential street with convenient access to major freeways, employment centers, schools, and retail corridors, the property benefits from a location that supports resale liquidity once improved. Norwalk continues to see steady demand for updated single-family homes, making this a compelling opportunity for investors. Property is being sold tenant-occupied and subject to existing tenancy. Buyer to perform their own due diligence regarding possession, renovation feasibility, and applicable local and state regulations.

D
Danielle Fontes
Listing Agent
Condition Rating
Poor
Built in 1951, this property is explicitly marketed as a 'value-add opportunity' requiring 'modernization and cosmetic upgrades.' The absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are significantly outdated and in poor condition, necessitating substantial rehabilitation. While the 'existing floor plan offers a solid foundation,' this refers to structural integrity, not the current state of finishes, appliances, or systems, which are likely well past their expected lifespan and require major updates.
Pros & Cons

Pros

High Investment Potential: Explicitly marketed as a 'value-add opportunity' with 'strong potential for renovation and resale' in a high-demand market, appealing to investors.
Strong Market Liquidity: Norwalk exhibits 'consistent end-buyer demand' and 'steady demand for updated single-family homes,' ensuring good resale prospects post-renovation.
Desirable Property Configuration: The 3-bedroom, 2-bathroom single-family residence with a 2-car attached garage offers a highly sought-after layout for families and end-buyers.
Strategic Location: Convenient access to major freeways, employment centers, schools, and retail corridors enhances the property's desirability and future value.
Solid Renovation Foundation: The 'existing floor plan offers a solid foundation for modernization and cosmetic upgrades,' suggesting a good base for improvements without major structural overhauls.

Cons

Tenant-Occupied Sale: The property is 'tenant-occupied and subject to existing tenancy,' which can complicate possession, renovation timelines, and investor plans.
Significant Renovation Required: Positioned as a 'value-add opportunity' implies substantial 'modernization and cosmetic upgrades' are necessary to maximize its after-repair value, requiring significant capital investment.
Complex Due Diligence: Buyers must perform extensive due diligence regarding 'possession, renovation feasibility, and applicable local and state regulations,' indicating potential legal and logistical challenges.
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