
Downey, California 92401
This Versatile Single Family Residence is a Strong Value Opportunity, listed at $939,000—positioned slightly above the $924,363 Fair Market Value. While not a discount play, the property offers significant utility through its converted studio with kitchenette, providing a rare "house hack" potential for rental income or multi-generational living. With a Condition Rating of 3, the home features a newer roof, vinyl windows, and fresh paint. Located in the Downey Unified district, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, secure estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11010 Studebaker Road Subject | $939,000* List Price | 3 | 3 | 1,482 | $624 | - |
A 10809 Pangborn Avenue Sold | $860,000 | 3 | 2 | 1,446 | $595 | 0.7 mi |
B 10829 Cord Avenue Sold | $950,000 | 3 | 2 | 1,264 | $752 | 0.9 mi |
C 10735 Lesterford Sold | $924,000 | 3 | 2 | 2,028 | $456 | 0.6 mi |
D 11203 Muller Active Under Contract | $835,000 List Price | 3 | 1 | 1,020 | $819 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1955, the property is well-maintained and move-in ready with significant updates including a newer roof, vinyl windows, and fresh interior/exterior paint. The interior features modern recessed lighting and newer flooring, and the studio kitchenette shows functional cabinetry and stone countertops consistent with a 5-15 year renovation window.
The property includes a converted studio with its own entrance, kitchenette, and full bath, providing an ideal setup for multi-generational living or potential rental income.
Extensive recent improvements including a newer roof, vinyl windows, flooring, and fresh interior/exterior paint offer buyers a move-in-ready experience with reduced immediate maintenance needs.
The inclusion of an automatic electric vehicular gate and a private Spanish-style courtyard creates a secure, 'private estate' feel that is highly desirable in this market.
At 5,032 square feet, the lot is relatively modest, which may limit outdoor recreational space or future expansion possibilities for some buyers.
While the home features many cosmetic and surface upgrades, the 1955 original construction may still feature older underlying systems or layout constraints typical of its era.
Desirable Downey home offering 3 bedrooms and 2 bathrooms in a private, beautifully maintained setting. This inviting residence features a cozy fireplace, newer flooring, vinyl windows, and roof. Indoor laundry hookups, and fresh interior and exterior paint. There is a portion of the property that has been converted into a separate studio featuring its own entrance, kitchenette and full bath, perfect for extended family. Enjoy the charm of a Spanish-style courtyard, perfect for relaxing or entertaining, along with mature fruit trees and low-maintenance landscaping. The detached garage offers ample parking and storage, while the automatic electric vehicular gate enhances privacy and security, creating the feel of your own private estate. Conveniently located near shopping, dining, schools, and major freeways, this move-in-ready home offers comfort, charm, and exceptional value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,482 | 1,623 |
| Lot Size | 5,032 | 7,122 |
| Price | $939.0K | $935.5K |
| Price per sq ft | $634 | $617 |
| Built year | 1955 | 1952 |
| HOA | $0 | $0 |
| Days on market | 6 | 49 |
Jul 16, 2026
$939,000
Initial Listing
Oct 31, 2014
$355,000
Public Record