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11331 Pioneer Boulevard, Norwalk, California 90650, Norwalk, 90650 - bed, bath

11331 Pioneer Boulevard, Norwalk, California 90650 home-pic-0
ACTIVE UNDER CONTRACT$1,035,000
11331 Pioneer Boulevard, Norwalk, California 90650
0Bed
0Bath
1,665Sqft
21,993Lot
Year Built
1955
Close
-
List price
$1.03M
Original List price
$1.56M
Price/Sqft
$622
HOA
-
Days on market
-
Sold On
-
MLS number
OC25064710
Home ConditionTear down
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.03M(60th), sqft - 1665(40th), beds - undefined(50th), baths - undefined(50th).

DEVELOPERS & INVESTORS - FANTASTIC RESIDENTIAL COMMUNITY OPPORTUNITY! Just reduced below appraised value. Zoned R3, potentially build residential townhome units with significant potential. Listed below appraised value for quick sale. Investment Opportunity High-Income Potential. Duplex/Single Family Home on HUGE 21,819 sqft lot. Front Home: 3 Bedroom 1 Bath Den, Bonus Room. Second Rear Unit: 1 Bed, 1 Bath fixer. Sold AS IS. Property is centrally located in Norwalk. Future residents will enjoy convenient access to amenities in the beautiful growing city of Norwalk. All buyers to verify all information. GREAT OPPORTUNITY TO BUILD YOUR OWN with a HUGE POTENTIAL for a PROFITABLE ROI. Centrally located to Downtown Los Angeles, the Beach, Disneyland, and Knott's Berry Farm. Centrally located to colleges, universities and schools. Easy access to major highways 5/605/105 freeways and Metrolink transportation. This could be the next planned community. CONTACT Listing Agent for any and all Information! Tax Assessor shows: 11331 Pioneer Blvd. but front of property is: 11723 Kenney St Norwalk, Ca 90650. The information provided by Agent, owner/occupant in the MLS is deemed reliable but may not always be accurate. Agents/brokers to verify all information and all complete buyer due diligence.

Price History

Date
Event
Price
11/28/25
Price Change
$1,035,000-3.0%
10/29/25
Price Change
$1,067,000-3.0%
09/28/25
Price Change
$1,099,999-10.7%
09/08/25
Price Change
$1,232,000-3.0%
08/03/25
$1,269,999
03/25/25
$1,565,000
Condition Rating
Tear down
The property, built in 1955, is explicitly marketed to developers for its R3 zoning and large lot, with the clear intention of building new residential units. The listing states the property is 'Sold AS IS' and the rear unit is a 'fixer,' indicating significant dilapidation. Exterior images of the rear unit show severe disrepair, suggesting it is unlivable. The absence of interior photos for either unit, combined with the age and 'AS IS' status, strongly implies that the existing structures are in very poor condition, likely beyond economical repair for modern living, and their value is primarily in the land for redevelopment. The condition of the existing structures aligns with the 'tear-down' criteria, where the value is based solely on the land.
Pros & Cons

Pros

Development Potential (R3 Zoning & Large Lot): The property boasts R3 zoning on a substantial 21,819 sqft lot, offering significant potential for residential townhome development or other multi-unit projects.
Strategic Central Location & Accessibility: Centrally located in Norwalk with excellent access to major freeways (5/605/105), Metrolink, Downtown LA, beaches, theme parks (Disneyland, Knott's Berry Farm), and educational institutions.
Investment & ROI Potential: Explicitly marketed as a high-income investment opportunity with significant potential for profitable return on investment, particularly through redevelopment.
Value Proposition & Price Reduction: Listed below appraised value and has undergone substantial price reductions from its original list price, presenting an attractive entry point for investors.
Existing Income Property (Duplex): The property currently operates as a duplex, providing immediate rental income potential while future development plans are being formulated.

Cons

As-Is Condition & Fixer Units: The property is sold 'AS IS,' with the rear unit specifically noted as a 'fixer,' indicating substantial renovation or demolition costs for the existing structures.
Conflicting Address Information: A discrepancy exists between the tax assessor's address (11331 Pioneer Blvd) and the physical front of the property (11723 Kenney St), which could lead to administrative complexities.
Age of Existing Structures: Built in 1955, the current duplex is older, likely requiring significant capital expenditure for modernization if retained, or demolition if the plan is for new construction.

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