
La Palma, California 90623
This property presents a Strong Value Opportunity with a List Price of $950,000—positioned well below the $1,016,343 Fair Market Value by 6%. This valuation gap offers $66,343 in Instant Equity for buyers willing to address the Fair Condition Rating. While the home requires cosmetic updates and repairs following a long-term tenancy, the 4-bedroom layout and quiet cul-de-sac location provide a solid foundation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5452 Festival Circle Subject | $950,000* List Price | 4 | 3 | 1,934 | $526 | - |
A 7722 Laurelwood Sold | $1,100,000 | 4 | 3 | 2,088 | $527 | 0.4 mi |
B 5692 Conifer Sold | $1,000,000 | 4 | 2 | 1,660 | $602 | 0.2 mi |
C 5602 Oak Drive Sold | $1,150,000 | 4 | 3 | 2,248 | $512 | 0.2 mi |
D 5172 Blairwood Sold | $1,050,000 | 4 | 3 | 1,680 | $625 | 0.5 mi |
E 5642 Vinevale Sold | $1,075,000 | 4 | 3 | 2,127 | $505 | 0.7 mi |
F 7631 Cory Circle Sold | $1,100,000 | 4 | 3 | 2,088 | $527 | 0.4 mi |
G 4932 Windsong Sold | $1,210,000 | 4 | 2 | 2,096 | $577 | 0.9 mi |
H 8032 Lancashire Sold | $1,165,000 | 4 | 3 | 2,166 | $538 | 0.9 mi |
I 5391 Athens Pending | $1,100,000 List Price | 4 | 3 | 1,934 | $569 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, the home is over 50 years old and shows significant wear from a recent 10-year tenancy. While laminate floors have been installed, the kitchen cabinetry is heavily scuffed and dated, and the bathrooms require modernization. The listing explicitly states the property needs paint, updating, and repairs.
Situated on a quiet cul-de-sac near parks and shopping, this property offers a safe and peaceful environment ideal for families in the desirable La Palma area.
With four bedrooms and nearly 2,000 square feet of living space, the functional floor plan includes a primary suite with a walk-in closet and a convenient downstairs guest bath.
The home features significant storage options, including under-stair cabinets, a linen closet, and a double-car garage equipped with a new opener.
Following a 10-year tenancy, the home requires comprehensive updating, fresh paint, and various repairs to modernize the space and address wear.
The property lacks any significant views, which may be a drawback for buyers prioritizing aesthetic surroundings or natural vistas.
This property is located on a quiet cul-de-sac, close to parks and shopping. The double door entry opens to the foyer, flanked by a large living room on the left, stairway upstairs to the bedrooms and to the kitchen and family room on the right. Laminate floors, throughout. The sunny living room has a big brick fireplace on the focal wall and plenty of room for furnishings. The wrought iron staircase takes you to four bedrooms, the Primary with it's 3/4 bath and walk-in closet, full hall bath and three additional spacious bedrooms including a linen closet in the hall. There is plenty of storage downstairs, with a cabinet under the stairs and coat closet. There is a half bath downstairs, which is perfect for guests. The kitchen has a gas stovetop, washer & dryer closet and peninsula separating the cooking prep area from the open family room that leads to the backyard. The double car garage has storage and a new opener with remotes. This property was recently occupied by a tenant of 10 years- it will need paint, updating and repairs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,934 | 2,217.05 |
| Lot Size | 4,908 | 5,031.1 |
| Price | $950.0K | $1.16M |
| Price per sq ft | $491 | $586 |
| Built year | 1968 | 1966 |
| HOA | $0 | $0 |
| Days on market | 12 | 38 |
Aug 28, 2026
$950,000
Initial Listing
Oct 25, 2002
$380,000
Public Record