10535 Myrtle, Downey, California 90241, Downey, 90241 - 0 bed, 0 bath
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Downey, California 90241
Analysis of 10535 Myrtle, Downey, California 90241 is currently available with a list price of $1,599,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Downey Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 9,424 | 7,379 | 75% |
| Lot Size | 9,424 | 8,576.5 | 75% |
| Price | $1.60M | $1.77M | 50% |
| Price per sq ft | $170 | $361 | 25% |
| Built year | 2000 | 1988 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 138 | 25% |
May 24, 2026
$1,599,000
Initial Listing
Aug 26, 2013
$650,000
Public Record
May 17, 2000
$335,000
Public Record