15025 Graystone, Norwalk, California 90650, Norwalk, 90650 - 2 bed, 1 bath
ACTIVE$699,000
15025 Graystone, Norwalk, California 90650
2Beds
1Bath
688Sqft
7,055Lot
Year Built
1953
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$1,016
HOA
-
Days on market
-
Sold On
-
MLS number
DW25254616
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,6 Pros. Rank: price - $699.0K(24th), sqft - 688(1th), beds - 2(17th), baths - 1(46th).
Charming 2 bedroom, 1 bathroom home in the heart of Norwalk, situated on a generous 7,055 sq ft lot with a 1 car detached garage. The spacious backyard offers endless potential to build an ADU or expand the main house, with the garage that could also be converted into a second unit. Conveniently located within walking distance to one middle school, three elementary schools, Cerritos Community College, and a nearby park, this home provides both comfort and community. A perfect opportunity for first time buyers or families looking to grow and invest in their future.
Price History
Date
Event
Price
11/05/25
Listing
$699,000
03/29/23
Sold
$500,000
Condition Rating
Poor
Built in 1953, this property is significantly outdated and requires substantial rehabilitation. The kitchen features original-style knotty pine cabinets, white square tile backsplash, and an older white gas range, all of which are very dated. The bathroom, though not fully visible, appears to have similar older white tiling. The interior living areas also feature extensive knotty pine paneling, giving a rustic but very dated aesthetic. While the home appears functional, the property analysis explicitly notes 'Older Construction & Potential for Updates' and that it's 'likely to require significant updates to its systems, finishes, and overall aesthetic to meet modern standards.' These updates go beyond minor repairs and would constitute a major renovation to bring the property to current quality standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7055, living area = 688.
ADU & Expansion Potential: The generous 7,055 sq ft lot and detached garage offer significant potential for building an Accessory Dwelling Unit (ADU) or expanding the main house, providing future value and income opportunities.
Generous Lot Size: A spacious 7,055 sq ft lot provides ample outdoor space for recreation, landscaping, and supports the property's development potential.
Excellent Walkable Location: Conveniently located within walking distance to multiple elementary and middle schools, Cerritos Community College, and a nearby park, enhancing its appeal for families and students.
Ideal for First-Time Buyers/Investors: The property is positioned as a perfect opportunity for first-time buyers or investors looking to grow and add value, given its potential for expansion and ADU conversion.
Detached Garage: The presence of a 1-car detached garage offers flexibility for parking, storage, or potential conversion into a separate unit, adding to the property's utility.
Cons
Limited Interior Living Space: With only 688 sq ft, the 2-bedroom, 1-bathroom home offers a relatively small living area, which may be restrictive for growing families or those desiring more space.
Older Construction & Potential for Updates: Built in 1953, the property is likely to require significant updates to its systems, finishes, and overall aesthetic to meet modern standards, incurring additional renovation costs.
Overpriced Relative to Market Estimation: The current listing price of $699,000 is 6% higher than the estimated property value and a substantial increase from its last sale price of $500,000 in March 2023, potentially impacting market competitiveness.