
Downey, California 90240
This custom-built "mini mansion" represents a High-Potential Investment Opportunity, listed at a List Price of $1,950,000—positioned slightly above the $1,898,812 Fair Market Value. While the property requires attention due to its Condition Rating of 4, the 5,053-square-foot layout featuring five master suites offers significant value-add potential. Located in the prestigious Downey Unified School District, this asset provides a rare foundation for luxury customization. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants capable of executing a strategic renovation to maximize the large 10,284-square-foot lot.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10040 Mattock Avenue Subject | $1,950,000* List Price | 5 | 6 | 5,053 | $376 | - |
A 9355 Florence Sold | $2,170,000 | 7 | 7 | 6,800 | $319 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2006, this 20-year-old property is a bank foreclosure showing clear signs of deferred maintenance, such as the dead lawn and unkempt exterior. While the interior features custom elements like coffered ceilings and marble, the kitchen and bathrooms are dated to the original construction and likely require minor repairs and cosmetic updates to reach modern standards.
The property features five bedrooms that are all master suites, offering exceptional privacy and luxury for large families or multi-generational living.
A grand foyer with a marble medallion, a spiral wood and iron staircase, and a gourmet kitchen with dual dishwashers provide a high-end 'mini mansion' aesthetic.
Situated in the highly desirable Northeast Downey area, this 5,053-square-foot custom home is located in a top-tier neighborhood within the Downey Unified School District.
As a bank foreclosure, the property may have deferred maintenance or require significant cosmetic updates, and is likely sold without standard seller warranties.
Despite the large 10,284-square-foot lot, the property lacks a pool and established landscaping, requiring additional capital investment to maximize outdoor utility.
MINI MANSION BANK FORECLOSURE: CUSTOM BUILT HOME IN NE DOWNEY! RUSTIC WOOD DOOR LEADS TO FOYER ENTRANCE W/ MARBLE MEDALLION & SPIRAL WOOD & IRON STAIRCASE. 5 BD, 5.5 BTH ALL MASTERS! MASTER SUITE W/ RETREAT, LRG WALK IN CLOSET, WHIRPOOL TUB. SPACIOUS KITCHEN AND FAMILY ROOM W/FIREPLACE. KITCHEN WITH BUILT IN STAINLESS STEEL APPLIANCES INCLUDING 2 DISHWASHERS AND ISLAND. OFFICE DOWNSTAIRS AND LOFT ENTERTAINMENT ROOM UPSTAIRS! LARGE LOT WITH ROOM FOR POOL!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 6.0 | 2.0 |
| Square foot | 5,053 | 1,517.386 |
| Lot Size | 10,284 | 7,116.561 |
| Price | $1.95M | $940.6K |
| Price per sq ft | $386 | $631 |
| Built year | 2006 | 1952 |
| HOA | $0 | $300 |
| Days on market | 27 | 52 |
Aug 13, 2026
$1,950,000
Initial Listing
Oct 12, 2006
$1,800,000
Public Record
May 9, 2005
$715,000
Public Record
Mar 31, 2004
$612,500
Public Record