10530 Newville Avenue, Downey, California 90241, Downey, 90241 - 0 bed, 0 bath
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Downey, California 90241
This Multi-Unit Residential Asset is a High-Potential Investment Opportunity, listed at $1,199,000—positioned slightly above the $1,187,144 Fair Market Value. While not a discount play, the property offers exceptional utility through its unique tri-unit configuration, including a Sparkling Pool & Spa and Large 7,560 SF Lot. With a Condition Rating of 3, the home features a 200-Amp Electrical Panel and Newer Roof. This versatile property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living or supplemental rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10530 Newville Avenue Subject | $1,199,000* List Price | 0 | 0 | 1,721 | $690 | - |
A 10802 Hasty Sold | $1,102,000 | 4 | 2 | 1,779 | $619 | 0.3 mi |
B 9356 Farm Sold | $1,195,000 | 3 | 2 | 1,954 | $612 | 0.4 mi |
C 10336 Hasty Sold | $1,142,000 | 3 | 2 | 1,627 | $702 | 0.3 mi |
D 9287 Muller Sold | $1,200,000 | 3 | 2 | 1,830 | $656 | 0.4 mi |
E 10473 Pico Vista Sold | $1,200,000 | 3 | 2 | 1,738 | $690 | 0.1 mi |
F 10703 Woodruff Avenue Sold | $1,125,000 | 3 | 2 | 1,554 | $724 | 0.4 mi |
G 9208 Buell Sold | $1,280,000 | 2 | 2 | 1,752 | $731 | 0.5 mi |
H 10809 Pangborn Avenue Sold | $860,000 | 3 | 2 | 1,446 | $595 | 0.3 mi |
I 10431 Lesterford Avenue Active | $999,900 List Price | 3 | 3 | 1,633 | $612 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1950, the property underwent significant renovations and a permitted addition in 2015 (approx. 9 years ago). The kitchen and bathrooms feature modern finishes, including white shaker cabinets, stone countertops, and contemporary tiling. Key systems have been upgraded, including a 200-amp electrical panel, newer roof, and tankless water heater, making it move-in ready and well-maintained.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7560, living area = 1721.
The unique configuration into three separate living units with individual kitchens and laundry areas offers exceptional rental income potential or maximum privacy for multi-generational families.
The property boasts significant capital improvements, including a 200-amp electrical panel, fire sprinklers, a newer roof, and upgraded plumbing, reducing immediate maintenance concerns.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7560, other record lot size in square feet = 7478.
The property is limited to cash or non-QM buyers as it likely will not qualify for FHA or conventional loans due to its non-traditional layout and garage conversion.
Sold in 'as-is' condition with a requirement for buyers to verify all permits, there is potential risk regarding the legality of the garage living quarters and unit partitions.
**CASH BUYERS ARE WELCOME- owner occupant for more space, or investor to get more income** Welcome to 10530 Newville Downey - a true family home which has been uniquely modified into 3 separate units. It composes of total 4 Bedrooms, 3.5 baths, 3 sets of kitchens and 3 laundry areas ready for an extended family to enjoy living together, but also able to maximize independence and maintain privacy. Main House has approximately 1,721 SF (per County data, including permitted add on in year 2015), front & back porches, enclosed patio (approx. 300 SF), garage (approx 400 SF), storage room (90 SF), sparkling swimming pool & SPA, nearly 7,500 SF large lot size and a long driveway which can accommodate 4-5 cars parking. Main house has separate entries. Front unit with 2 BR 1.5 baths, Living Room, formal dining, fireplace, skylight, private side yard and individual laundry room. Back unit has 1 BR, 1 bath, laundry area, kitchen (from main structure) and a family room/dining area (ductless mini split AC system) was converted from a patio. Garage is used as living quarter (1 BR 1 bath, living room, kitchen) with ceiling fan/light, storage room, laundry hook up and tankless water heater. Overall house condition is great with upgraded baths, kitchen, floorings, plumbing, 200 amp electrical panel, fire sprinklers and newer roof. Buyer to verify all permits and assume AS IS condition. Located in one of Downey's upper scaled neighborhoods, this home offers convenient access to schools, parks, shopping, and freeways. **note: it is a SFR used as 3 units-- CASH buyers or non-QM buyers are welcome as this property may not be approved for FHA or conventional loans.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,721 | 1,623 |
| Lot Size | 7,560 | 7,122 |
| Price | $1.20M | $935.5K |
| Price per sq ft | $697 | $617 |
| Built year | 1950 | 1952 |
| HOA | $0 | $0 |
| Days on market | 28 | 49 |
Jun 26, 2026
$1,199,000
$11,990,000
-90% Price Drop
Initial Listing
Jun 24, 2026
$11,990,000
Initial Listing
Nov 15, 2011
$350,000
Public Record
Jun 22, 2007
$480,000
Public Record