
Norwalk, California 90650
Analysis of 15523 Lancelot Ave, Norwalk, California 90650 is currently available with a list price of $1,390,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Norwalk Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property is move-in ready and features extensive modern upgrades throughout. The kitchen is updated with stone countertops and stainless steel appliances, and the bathrooms have been renovated with contemporary tiling and vanities. While the home was built in 1974, the inclusion of a modern zoned heat-pump system, updated electrical panels, and consistent laminate/tile flooring indicates high-quality maintenance and renovation within the last 5-15 years. It falls short of 'excellent' due to the 1974 original construction and noted unpermitted additions.
The property is situated within the ABC Unified School District and offers eligibility for the highly prestigious Whitney High School, a major draw for families seeking top-tier education.
Located in the center of Greater Los Angeles with immediate access to the Metro Green Line and Freeways 5, 91, and 605, providing exceptional connectivity for professionals.
The home features a modern zoned heat-pump system and recently updated electrical circuits and panels, ensuring energy efficiency and improved safety standards.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
There is a significant discrepancy between city records and the current layout, including an unpermitted full bathroom and bedroom modification, which may pose challenges for financing and appraisal.
The laundry facilities are located outside the kitchen wall rather than in a dedicated indoor room, which may be viewed as a convenience drawback for buyers in this price segment.
Norwalk city, but within the ABC school district. You can buy a home in a great school district at a lower price. Come take a look—don’t miss this great opportunity! This property is located in the City of Norwalk, the center of the Greater Los Angeles area. The two-story home offers approximately 2,551 sq. ft. of living space. It is conveniently located near the Metro Green Line terminal and has easy access to Freeways 5, 91, and 605. The home is within the ABC Unified School District and is eligible to attend the highly regarded Whitney High School. A small shopping plaza with restaurants and supermarkets is located directly across the main street. The neighborhood features a walled layout that limits through traffic, creating a quiet and secure environment. The community was originally developed in the 1970s, with homes that include two-car garages that still meet modern living needs. Wide streets throughout the neighborhood provide convenient driving and parking. The home features a patio-style living room near the front entrance, with a staircase leading to the second floor. The backyard includes concrete pavement, a shaded roof structure, and a wood trellis suitable for growing plants. The laundry area is located outside the kitchen wall, helping reduce indoor dust and minimizing the risk of water leakage inside the home. Zoned heat-pump system provides efficient heating and cooling. The electrical circuits and panel have been updated in recent years. Extensive upgrades and improvements have been made throughout the home over time. For flexible living arrangements, the home can be considered as having six rooms and four full bathrooms. Three standard size rooms share one bathroom, while the other three large rooms each have their own private bathroom. All rooms include ceiling light. According to city records, the house is a 4-bedroom, 2.5-bathroom property. To add on, a full bathroom added to the bonus room upstairs without permit, and one bedroom by the bathroom downstairs was isolated to a master room with no permit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 99% |
| Baths | 4.0 | 2.0 | 98% |
| Square foot | 2,541 | 1,205 | 98% |
| Lot Size | 5,006 | 5,291.5 | 18% |
| Price | $1.39M | $770.0K | 99% |
| Price per sq ft | $547 | $641 | 25% |
| Built year | 1974 | 1953 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 156 | 3% |
Mar 25, 2026
$1,390,000
$1,488,888
-7% Price Drop
Initial Listing
Mar 16, 2026
$1,488,888
Initial Listing
Apr 17, 2014
$545,000
Public Record