10615 Richeon Avenue, Downey, California 90241, Downey, 90241 - 4 bed, 4 bath
ACTIVE$1,599,000
10615 Richeon Avenue, Downey, California 90241
4Beds
4Baths
3,324Sqft
8,108Lot
Price Vs. Estimate
The estimated value ($1,599,000) is $0 (0%) lower than the list price ($1,599,000). This property may be overpriced.
Key pros and cons
Top Pros:
Built-in Rental Income Potential (ADU): Features a fully permitted 2-bedroom, 1-bathroom 640 sqft ADU with its own kitchen and living room, offering significant rental income potential or flexible multi-generational living.
Top Cons:
Age of Property: Built in 1958, despite upgrades, the underlying structure and potentially some core systems (e.g., plumbing, electrical, HVAC) may be original or older, which could lead to future maintenance or replacement costs.
Compared to the nearby listings
Price:$1.60M vs avg $975.0K (+$624,000)95%
Size:3,324 sqft vs avg 1,738 sqft96%
Price/sqft:$481 vs avg $61114%
More Insights
Built in 1958 (67 years old).
Condition: Despite being built in 1958, this property has undergone extensive and recent renovations, as evidenced by the 'modern finishes throughout' and the addition of a 'fully permitted ADU.' The images showcase brand-new, modern kitchens in both the main house and ADU, featuring white shaker cabinets, quartz countertops, subway tile backsplashes, and stainless steel appliances. Bathrooms are also fully updated with contemporary vanities, tiling, and fixtures. The flooring is consistent modern laminate/hardwood throughout, and lighting includes recessed lights and modern ceiling fans. The ADU benefits from a new mini-split AC system. All visible components appear new or virtually new, indicating a comprehensive renovation within the last 5 years, meeting the criteria for an 'Excellent' condition.
Year Built
1958
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$481
HOA
-
Days on market
-
Sold On
-
MLS number
DW25158284
Home ConditionExcellent
Features
Patio
View-
About this home
Beautifully upgraded home in Downey’s prestigious Orange Estates, offering built-in rental income potential! The main home features 4 spacious bedrooms, including 2 with private en-suite bathrooms, and showcases modern finishes throughout. The standout feature is the fully permitted 2-bedroom, 1-bathroom 640sqft ADU, complete with its own kitchen and living room—ideal for generating rental income, hosting extended family, or creating a private workspace. With ample parking and a flexible layout, this property offers exceptional value and versatility. Prime location within walking distance to Furman Park, Rio Hondo Elementary, and Rio Hondo Golf Club. A perfect blend of investment and lifestyle!
Nearby schools
5/10
Rio Hondo Elementary School
Public,•K-5•0.1mi
7/10
Price Elementary School
Public,•K-5•1.0mi
8/10
Gallatin Elementary School
Public,•K-5•1.4mi
7/10
Rio San Gabriel Elementary School
Public,•K-5•1.8mi
7/10
Studebaker Elementary School
Public,•K-5•2.8mi
6/10
Lakeview Elementary School
Public,•K-5•3.0mi
7/10
Griffiths Middle School
Public,•6-8•0.9mi
6/10
Doty Middle School
Public,•6-8•1.7mi
5/10
Sussman Middle School
Public,•6-8•2.1mi
7/10
Lakeside Middle School
Public,•6-8•2.8mi
7/10
Lake Center Middle
Public,•6-8•3.4mi
7/10
Downey High School
Public,•9-12•1.0mi
7/10
Warren High School
Public,•9-12•1.1mi
8/10
Santa Fe High School
Public,•9-12•3.0mi
Price History
Date
Event
Price
02/19/15
Sold
$432,500
07/12/13
Sold
$405,000
10/25/07
Sold
$695,000
Condition Rating
Excellent
Despite being built in 1958, this property has undergone extensive and recent renovations, as evidenced by the 'modern finishes throughout' and the addition of a 'fully permitted ADU.' The images showcase brand-new, modern kitchens in both the main house and ADU, featuring white shaker cabinets, quartz countertops, subway tile backsplashes, and stainless steel appliances. Bathrooms are also fully updated with contemporary vanities, tiling, and fixtures. The flooring is consistent modern laminate/hardwood throughout, and lighting includes recessed lights and modern ceiling fans. The ADU benefits from a new mini-split AC system. All visible components appear new or virtually new, indicating a comprehensive renovation within the last 5 years, meeting the criteria for an 'Excellent' condition.
Pros & Cons
Pros
Built-in Rental Income Potential (ADU): Features a fully permitted 2-bedroom, 1-bathroom 640 sqft ADU with its own kitchen and living room, offering significant rental income potential or flexible multi-generational living.
Extensive Upgrades & Modern Finishes: The main home is beautifully upgraded throughout with modern finishes, providing a move-in ready experience and reducing immediate renovation needs for buyers.
Prime Location in Prestigious Area: Situated in Downey’s prestigious Orange Estates, offering excellent walkability to Furman Park, Rio Hondo Elementary, and Rio Hondo Golf Club, enhancing lifestyle and desirability.
Spacious Layout with En-suite Bathrooms: The main home boasts 4 spacious bedrooms, including 2 with private en-suite bathrooms, providing comfort, privacy, and modern living convenience for residents.
Exceptional Value & Versatility: The flexible layout of the main house and ADU, combined with ample parking, offers exceptional value and versatility for various living arrangements and investment strategies.
Cons
Age of Property: Built in 1958, despite upgrades, the underlying structure and potentially some core systems (e.g., plumbing, electrical, HVAC) may be original or older, which could lead to future maintenance or replacement costs.
Lack of Scenic View: The property explicitly states 'view: None', which might be a drawback for buyers prioritizing scenic outlooks or panoramic vistas, especially at this price point.
Higher Utility & Maintenance Costs: With a combined living space of nearly 4000 sqft (main house + ADU), the property is likely to incur higher utility bills and general maintenance expenses compared to smaller homes.