12002 Julius Ave, Downey, California 90242, Downey, 90242 - 2 bed, 1 bath
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Downey, California 90242
This property presents a High-Potential Investment Opportunity with a List Price of $699,777—positioned well below the $723,395 Fair Market Value by 3%. This valuation gap offers $23,618 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant upside through modernization. The expansive 7,493 sqft corner lot provides excellent ADU potential for forced appreciation. Located in the Downey Unified School District, this is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12002 Julius Ave Subject | $699,777* List Price | 2 | 1 | 904 | $800 | - |
A 12124 Anderberg Avenue Sold | $780,000 | 3 | 2 | 1,172 | $666 | 0.8 mi |
B 7931 Leeds Sold | $700,000 | 2 | 1 | 782 | $895 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the property is well-maintained but dated. While it features recent cosmetic updates such as new carpet, fresh paint, and dual-pane windows, the kitchen remains in a much older state with vintage cabinetry and tile. The presence of a wall heater instead of central HVAC further reflects the age of the systems, placing it firmly in the 'Fair' category as a functional but dated starter home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7493, living area = 904.
The generous 7,493 sqft corner lot provides significant outdoor space and excellent accessibility for a potential Accessory Dwelling Unit (ADU), offering substantial value-add opportunities.
Situated in a desirable area within the Downey Unified School District, the property offers convenient access to local shopping, dining, and major freeways, making it ideal for commuters.
At only 904 square feet with a 2-bedroom, 1-bathroom configuration, the interior footprint may be restrictive for growing families or those requiring a dedicated home office.
Built in 1950, the property may require updates to its original systems or cosmetic modernization to meet current energy efficiency and contemporary design standards.
Welcome home to this charming 2-bedroom, 1-bathroom gem on a spacious corner lot in Downey! Enjoy a sun-drenched living room, a well-appointed kitchen, and a cozy layout perfect for first-time buyers or those looking to downsize. The generous lot offers endless potential to entertain, garden, or explore ADU possibilities (buyer to verify). With an attached garage, ample parking, and easy access to shopping, dining, schools, and freeways, this is an incredible opportunity to own a home with room to grow. Don't miss it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 21% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 904 | 1,308 | 13% |
| Lot Size | 7,493 | 5,765.5 | 81% |
| Price | $699.8K | $850.0K | 13% |
| Price per sq ft | $774 | $652 | 85% |
| Built year | 1950 | 1953 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 141 | 4% |
Jun 4, 2026
$699,777
Initial Listing