RealKey
‪(213) 433-7766‬

2064 Norwalk Avenue, Los Angeles, California 90041, Los Angeles, 90041 - 5 bed, 3 bath

2064 Norwalk Avenue, Los Angeles, California 90041 home-pic-0
ACTIVE$1,690,000
2064 Norwalk Avenue, Los Angeles, California 90041
5Beds
3Baths
2,592Sqft
6,192Lot
Year Built
1921
Close
-
List price
$1.69M
Original List price
$1.69M
Price/Sqft
$652
HOA
-
Days on market
-
Sold On
-
MLS number
25534747
Home ConditionGood
Features
View

About this home

Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.69M(68th), sqft - 2592(88th), beds - 5(92th), baths - 3(60th).

Fully rented and cash-flowing from day one! This one-of-a-kind property is a true cash cow, nestled in one of LA's most sought-after neighborhoods. Boasting a generous 2,592 square feet of living space, this charming single-family home lives like a duplex and offers versatile income potential. The front unit features 2 bedrooms and 1 bathroom-perfect as a cozy home or an easy rental. The rear unit is impressively expansive, offering 3 oversized bedrooms, 2 bathrooms, two living rooms, a fireplace, and a spacious 500 sq. ft. rumpus room on the third floor, ideal as a studio, home office, or creative space. A detached 2-car garage with high ceilings offers prime potential for a junior ADU conversion or storage income, making this property a standout for both investors and owner-users. Fresh landscaping enhances curb appeal, while the unbeatable location places you just minutes from Downtown LA, Pasadena, the Rose Bowl, major freeways, and only a 5-minute drive or 15-minute walk to Occidental College. Whether you're an investor or looking to live in one unit and rent the other-This a rare, income-producing gem with exceptional upside!

Nearby schools

8/10
Eagle Rock Elementary and Magnet Center
Public,•K-6•0.3mi
5/10
Toland Way Elementary School
Public,•K-6•0.8mi
9/10
Delevan Drive Elementary School
Public,•K-6•0.8mi
5/10
Buchanan Street Elementary School
Public,•K-6•1.0mi
6/10
Dahlia Heights Elementary School
Public,•K-6•1.0mi
6/10
Rockdale Elementary School
Public,•K-6•1.1mi
5/10
Yorkdale Elementary School
Public,•K-6•1.3mi
6/10
Glenoaks Elementary School
Public,•K-6•1.4mi
4/10
Annandale Elementary School
Public,•K-6•1.5mi
6/10
John Muir Elementary School
Public,•K-6•1.7mi
6/10
San Rafael Elementary School
Public,•K-5•2.4mi
4/10
Roosevelt Elementary School
Public,•K-5•3.5mi
6/10
Luther Burbank Middle School
Public,•6-8•1.9mi
6/10
Woodrow Wilson Middle School
Public,•6-8•2.1mi
6/10
Theodore Roosevelt Middle School
Public,•6-8•2.3mi
2/10
Washington Middle School
Public,•6-8•4.7mi
7/10
Eagle Rock High School
Public,•7-12•0.4mi
7/10
Benjamin Franklin Senior High School
Public,•6-12•1.4mi
6/10
Glendale High School
Public,•9-12•1.5mi
4/10
Blair High School
Public,•6-12•3.9mi
3/10
John Muir High School
Public,•9-12•4.4mi

Price History

Date
Event
Price
08/16/24
Sold
$1,230,000
Condition Rating
Good
Despite being built in 1921, this property has undergone significant recent cosmetic renovations, making it move-in ready. The kitchens feature updated white shaker-style cabinets, butcher block countertops, and modern sinks/faucets, though appliances are not visible. All bathrooms appear recently updated with new vanities/pedestal sinks, modern fixtures, and clean tile work (including subway tile in one). New-looking laminate flooring and fresh carpet are present throughout. While the visible elements are in good condition and recently updated, the property's age suggests that major systems (plumbing, electrical, HVAC, roof) may be older and their condition is not explicitly detailed, preventing an 'Excellent' rating.
Pros & Cons

Pros

Great Schools: Elementary School: Delevan Drive Elementary School (9/10).
Exceptional Income Potential: The property is fully rented and cash-flowing from day one, explicitly described as a 'true cash cow' with immediate return on investment for investors.
Versatile Multi-Unit Living: Designed to live like a duplex, it offers two distinct units (2-bed/1-bath front, 3-bed/2-bath rear with a 500 sq. ft. rumpus room), providing flexible income streams or an owner-user opportunity.
ADU Conversion Potential: A detached 2-car garage with high ceilings presents prime potential for a junior ADU conversion, offering significant future value addition and increased rental income.
Prime Location & Accessibility: Nestled in a highly sought-after LA neighborhood, it boasts unbeatable proximity to Downtown LA, Pasadena, the Rose Bowl, major freeways, and Occidental College.
Enhanced Curb Appeal: Fresh landscaping contributes to an attractive exterior, enhancing the property's overall appeal and first impression.

Cons

Significant Price Discrepancy: The listing price of $1.69M is substantially higher than the estimated property value of $1.13M, suggesting a potential overvaluation or a need for a detailed appraisal to justify the asking price.
Age of Property & Maintenance: Built in 1921, the property is over a century old, which may indicate a higher likelihood of deferred maintenance, outdated systems, or the need for significant capital expenditures in the near future.
Unspecified Legal Status of Duplex Functionality: While described as 'lives like a duplex,' the property is listed as a 'Single Family Residence.' This could imply that the current multi-unit setup might not be legally permitted or zoned as a duplex, potentially posing compliance risks or requiring future legalization efforts.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state