11648 Rives, Downey, California 90241, Downey, 90241 - 3 bed, 2 bath
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Downey, California 90241
This Beautifully Maintained Single-Family Residence is a Prime Investment Opportunity, listed at $969,000—positioned well below the $1,005,236 Fair Market Value by 3%. This valuation gap offers $36,236 in Instant Equity for incoming owners. Boasting a Condition Rating of 3, the interior features a Renovated Kitchen with shaker cabinetry and a desirable City Lights View. Situated in the Downey Unified School District near Downtown, the property combines turnkey comfort with immediate financial upside. It is a perfect match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11648 Rives Subject | $969,000* List Price | 3 | 2 | 1,623 | $619 | - |
A 11539 Horley Avenue Sold | $840,000 | 3 | 2 | 1,413 | $594 | 0.2 mi |
B 7509 Adwen Sold | $880,000 | 3 | 2 | 1,408 | $625 | 0.3 mi |
C 11437 Norlain Avenue Sold | $832,000 | 3 | 2 | 1,318 | $631 | 0.5 mi |
D 7452 Benares Street Sold | $995,000 | 4 | 2 | 1,461 | $681 | 0.3 mi |
E 8205 Arnett Sold | $989,800 | 3 | 2 | 1,303 | $760 | 0.5 mi |
F 11715 Samoline Sold | $850,000 | 2 | 2 | 1,199 | $709 | 0.2 mi |
G 7738 Adwen Street Pending | $899,000 List Price | 3 | 2 | 1,566 | $574 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1951 home is in move-in ready condition following significant interior renovations. The kitchen is updated with modern shaker-style cabinetry, stone countertops, and stainless steel appliances. Bathrooms feature contemporary vanities and tile work. The home also includes updated laminate flooring, recessed lighting, and a well-maintained exterior with a newer tile roof, meeting the criteria for a well-maintained property renovated within the last 5 to 15 years.
Ideally situated near vibrant Downtown Downey, the property offers exceptional access to the city's best dining, shopping, and entertainment while remaining in a quiet residential neighborhood.
The home is beautifully maintained and move-in ready, featuring bright living spaces and a functional layout that appeals to buyers seeking a hassle-free transition.
The property features desirable city light views and a well-kept exterior, providing an elevated aesthetic and immediate pride of ownership.
Originally built in 1951, the property may have aging core systems such as plumbing or electrical that could require future updates despite its well-maintained cosmetic appearance.
While described as generous, the 5,517 square foot lot is relatively standard for the area, which may limit significant expansion or large-scale outdoor development for some buyers.
Welcome to this beautifully maintained home in the heart of Downey, ideally located just minutes from vibrant Downtown Downey. Enjoy the convenience of being close to some of the city’s best dining, shopping, and entertainment options, all while tucked into a comfortable residential neighborhood. Situated on a generous lot, this home offers a well-kept interior with a functional, move-in ready layout. Bright living spaces, a spacious kitchen, and a natural flow make it perfect for both everyday living and entertaining. The lot provides endless possibilities, whether you’re looking to create your dream outdoor space, expand the home, or simply enjoy added privacy and room to grow. With its prime location near Downtown Downey, easy access to major freeways, and strong neighborhood appeal, this home is an exceptional opportunity for a wide range of buyers. Don’t miss your chance to own a turnkey property in one of Downey’s most convenient and desirable locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,623 | 1,814.5 | 41% |
| Lot Size | 5,517 | 7,497.5 | 15% |
| Price | $969.0K | $1.00M | 43% |
| Price per sq ft | $597 | $607 | 48% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 171 | 2% |
Apr 16, 2026
$969,000
Initial Listing
Jun 24, 2016
$520,000
Public Record
Oct 8, 2008
$397,000
Public Record
Jul 1, 2004
$420,000
Public Record
Sep 3, 2003
$365,000
Public Record