10535 Myrtle, Downey, California 90241, Downey, 90241 - 0 bed, 0 bath
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Downey, California 90241
This Duplex Residential Income property is a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,412,540 Fair Market Value by -6%. While the property maintains a Fair Condition Rating due to dated finishes in one unit, the 3-bedroom, 2.5-bathroom layout and 2000 construction year provide a solid foundation. Located near top-rated schools like Gallatin Elementary and Downey High, it offers excellent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack in a prime Downey location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10535 Myrtle Subject | $1,499,000* List Price | 0 | 0 | 2,934 | $481 | - |
A 7915 Harper Active | $1,499,999 List Price | 6 | 4 | 3,344 | $449 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 2000 (24 years old), placing it in the 'Fair' category. While the listing mentions one unit is renovated, the provided images show original 2000s-era oak cabinetry, white tile countertops, and dated bathroom fixtures that are over 20 years old and require modernization.
Built in 2000, this duplex features a contemporary 3-bedroom, 2.5-bathroom configuration per unit with open floor plans, offering a significant advantage over the older multi-family housing stock typically found in the area.
With one unit fully renovated, the property is ideal for an owner-user looking for a move-in ready home while collecting rent, or an investor looking to secure premium market rates for at least half of the building immediately.
Located in the desirable Northwest Downey area, the property is within close proximity to high-rated schools like Gallatin Elementary and offers excellent access to local shopping, dining, and major freeways.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 9424, other record living area = 1467.
The list price of $1,599,000 represents a high price point for a duplex, which may result in a lower initial capitalization rate for pure investors compared to older value-add opportunities.
Because only one unit is fully renovated, the buyer will eventually need to invest additional capital into the second unit to achieve maximum rental parity and long-term property value.
Welcome to this charming 6 bedroom 6 bath duplex. Each unit features 3 ample bedrooms, 2 full bathrooms, and 1 half bath offering almost 1500 sq ft of living space with an open floor plan. One unit is fully renovated, property located in the heart of Downey close to restaurants, shopping, schools and easy access to freeways. Don't miss out on this great opportunity!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,934 | - |
| Lot Size | 9,421 | - |
| Price | $1.50M | $2.28M |
| Price per sq ft | $511 | $389 |
| Built year | 2000 | 0 |
| HOA | $0 | $0 |
| Days on market | 59 | 100 |
Jun 26, 2026
$1,499,000
$1,584,000
-5% Price Drop
Initial Listing
Jun 12, 2026
$1,584,000
$1,599,000
-1% Price Drop
Initial Listing
May 24, 2026
$1,599,000
Initial Listing
Aug 26, 2013
$650,000
Public Record
May 17, 2000
$335,000
Public Record