10508 Lesterford, Downey, California 90241, Downey, 90241 - 3 bed, 1 bath
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Downey, California 90241
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $800,000—positioned well below the $812,350 Fair Market Value by 1.5%. This valuation gap offers $12,350 in Instant Equity. With a Condition Rating of 4, the property requires modernization but offers significant upside through its 7,652 sqft lot and expansion potential. Located in a district with Top-Rated Schools like Santa Fe High, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10508 Lesterford Subject | $800,000* List Price | 3 | 1 | 1,052 | $772 | - |
A 11339 Cecilia Street Sold | $850,000 | 3 | 1 | 1,073 | $792 | 0.9 mi |
B 10809 Pangborn Avenue Sold | $860,000 | 3 | 2 | 1,446 | $595 | 0.3 mi |
C 10556 Haledon Sold | $905,000 | 3 | 3 | 1,374 | $659 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1950 (76 years old) and lacks mention of recent major renovations. While the description states it is 'well-maintained' and 'move-in ready,' the 'endless potential' and 'opportunity to personalize' phrasing, combined with a visible wall AC unit and a dated 3:1 bed-to-bath ratio, indicates the home is functional but significantly dated and requires modernization of systems and cosmetics.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7652, living area = 1052.
Situated in the highly sought-after Northeast Downey area, this property offers excellent proximity to top-rated schools, diverse shopping, and major freeways, ensuring strong long-term desirability.
The generous 7,652 sqft lot provides a rare opportunity for future expansion, whether through a home addition or the construction of an ADU, allowing buyers to significantly increase the property's value.
With three bedrooms but only one bathroom, the current configuration may be a significant drawback for modern families and could necessitate additional investment to add a second bath.
At 1,052 square feet, the interior living area is relatively small for a three-bedroom residence, which may feel cramped for buyers looking for more spacious common areas.
Welcome to 10508 Lesterford Ave. This is a charming 3-bedroom, 1-bathroom home offering comfort, convenience and endless potential. This is a well-maintained property features a bright and inviting living space, a functional kitchen and three generously sized bedrooms making it perfect for first-time buyers, growing families or investors. The home includes an attached 1-car garage a very spacious yard with room to entertain, garden or explore future expansion possibilities (buyer to verify) and is situated in the most desirable Northeast area of Downey, close to schools, shopping, restaurants, parks and major freeways for easy commute. Whether you-re looking for a move-in-ready home or an opportunity to personalize a property in a prime location. This is a must see. Don't miss your chance to own in one of Downey's most established neighborhoods - schedule your private showing today!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,052 | 1,623 |
| Lot Size | 7,652 | 7,122 |
| Price | $800.0K | $935.5K |
| Price per sq ft | $760 | $617 |
| Built year | 1950 | 1952 |
| HOA | $0 | $0 |
| Days on market | 25 | 49 |
Jun 27, 2026
$800,000
Initial Listing