5322 Pearce Avenue, Lakewood, California 90712, Lakewood, 90712 - 3 bed, 1 bath
ACTIVE$720,000
5322 Pearce Avenue, Lakewood, California 90712
3Beds
1Bath
1,026Sqft
5,300Lot
Year Built
1950
Close
-
List price
$720K
Original List price
$669K
Price/Sqft
$702
HOA
-
Days on market
-
Sold On
-
MLS number
TR25154721
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 4% below the list price. We found 3 Cons,5 Pros. Rank: price - $720.0K(6th), sqft - 1026(19th), beds - 3(50th), baths - 1(38th).
Fixer located in beautiful neighborhood on quiet street. 200 amp panel and new Plumbing Copper Re-pipe completed with Permits from city of Lakewood Oct 2025. All interior Drywall, kitchen and Bathroom removed with Permits from City of Lakewood. Ready to renovate.
Nearby schools
7/10
Stephen Foster Elementary School
Public,•PK-6•0.2mi
3/10
Craig Williams Elementary School
Public,•PK-6•0.9mi
6/10
Esther Lindstrom Elementary School
Public,•PK-6•1.2mi
5/10
Thomas Jefferson Elementary School
Public,•PK-6•1.2mi
3/10
Captain Raymond Collins School
Public,•K-5•1.3mi
6/10
Gompers K-8
Public,•K-8•0.4mi
7/10
Bancroft Middle School
Public,•6-8•1.0mi
4/10
Leona Jackson School
Public,•4-8•3.3mi
6/10
Mayfair High School
Public,•7-12•1.0mi
/10
Buena Vista High School
Public,•9-12•1.1mi
5/10
Lakewood High School
Public,•9-12•1.2mi
5/10
Paramount High School
Public,•9-12•3.5mi
Price History
Date
Event
Price
08/09/25
Price Change
$720,000
07/11/25
Listing
$669,000
05/30/25
Sold
$653,000
12/09/94
Sold
$165,000
Condition Rating
Poor
The property, built in 1950, is explicitly described as a 'fixer' with 'All interior Drywall, kitchen and Bathroom removed.' This means the interior is gutted and currently unlivable, requiring substantial rehabilitation. While major system upgrades (200 amp panel, new copper re-pipe) have been completed or are in progress, the absence of essential interior components like a kitchen and bathroom, along with the visibly neglected exterior, places it firmly in the 'poor' condition category, as it is not safe or comfortable to live in its current state.
Pros & Cons
Pros
Prime Location: Situated in a 'beautiful neighborhood on quiet street' in Lakewood, offering desirable living conditions and good access to local amenities and highly-rated schools.
Permitted Infrastructure Upgrades: Significant and costly updates like a '200 amp panel and new Plumbing Copper Re-pipe completed with Permits' are already done, mitigating major future expenses and risks for the buyer.
Renovation-Ready Canvas: The interior has been fully prepped with 'All interior Drywall, kitchen and Bathroom removed with Permits,' providing a clean slate for a buyer to customize without the hassle and cost of initial demolition.
Value-Add Potential: As a permitted fixer with core infrastructure addressed, it presents a substantial opportunity for a buyer to invest in finishes and design, significantly increasing the property's market value upon completion.
Generous Lot Size: A 5300 sqft lot offers ample outdoor space, potential for landscaping, expansion, or adding amenities, which is a valuable asset in this urban area.
Cons
Uninhabitable Condition: The property is currently a 'fixer' with the interior completely stripped, making it uninhabitable and requiring extensive, immediate renovation before occupancy.
Significant Renovation Investment Required: Despite demolition being complete, the cost to rebuild the entire interior (kitchen, bathroom, drywall, flooring, fixtures, etc.) will be substantial, requiring a significant financial outlay from the buyer.
Pricing Discrepancy: The current list price of $720,000 is above the estimated market value of $682,336, and it has seen a recent price increase, which may deter some buyers given the property's 'fixer' status.