12301 Rives Avenue, Downey, California 90242, Downey, 90242 - 3 bed, 2 bath
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Downey, California 90242
This Single Family Residence is a Strong Value Opportunity, listed at $975,000—positioned above the $865,101 Fair Market Value. While priced for the current market, the property features a Condition Rating of 3, boasting modern upgrades like central HVAC, dual-pane windows, and a professional-grade kitchen. The 6,360 sqft lot includes an exceptional backyard BBQ and entertainment area, providing significant lifestyle value. With its versatile layout and proximity to Downey Unified schools, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12301 Rives Avenue Subject | $975,000* List Price | 3 | 2 | 1,124 | $770 | - |
A 12343 Rives Avenue Sold | $850,000 | 3 | 1 | 1,077 | $789 | 0.1 mi |
B 8444 Albia Sold | $910,000 | 3 | 1 | 1,314 | $693 | 0.8 mi |
C 12315 Norlain Avenue Sold | $940,000 | 3 | 2 | 1,190 | $790 | 0.3 mi |
D 12614 Gneiss Sold | $850,000 | 3 | 1 | 1,108 | $767 | 0.7 mi |
E 7820 Springer St Pending | $839,900 List Price | 3 | 2 | 1,361 | $617 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1941, the property is well-maintained and move-in ready with significant updates including central HVAC, dual-pane windows, and modern vinyl flooring. The kitchen features professional-grade stainless steel appliances, and the interior shows recessed lighting and updated finishes, consistent with a renovation performed within the last 5-15 years.
The home is well-maintained with essential modern upgrades including central air conditioning, dual-pane windows, vinyl flooring, and a kitchen featuring professional-grade stainless steel appliances.
The property boasts an exceptional backyard BBQ and entertainment area on a generous 6,360 sqft lot, providing high-value outdoor living space perfect for hosting.
The inclusion of sliding pocket doors in the third bedroom offers excellent flexibility, allowing the space to function as a private bedroom, a home office, or an extension of the living area.
At 1,124 square feet for a 3-bedroom, 2-bath configuration, the interior living spaces may feel compact for families or buyers accustomed to larger modern floor plans.
The property is currently tenant-occupied, which can sometimes present logistical challenges for showings and requires a coordinated transition for the new owner to take possession.
Welcome to 12301 Rives Ave in the heart of Downey — a beautifully maintained 3-bedroom, 2-bath home offering comfort, functionality, and great indoor/outdoor living. This charming residence features central air conditioning, dual pane windows, vinyl flooring throughout, and a well-appointed kitchen with stainless steel appliances including a professional-grade range oven. The versatile third bedroom includes sliding pocket doors, allowing flexibility for use as a private bedroom, office, or additional living space. Step outside to an incredible backyard BBQ and entertainment area perfect for hosting family and friends year-round. Located in a desirable Downey neighborhood near shopping, dining, schools, and convenient freeway access, this home combines everyday comfort with excellent potential. Property is currently tenant occupied; however, the tenants are cooperating with the owner and are actively preparing to move out, helping provide a smooth transition for future occupancy.
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 | 1,124 | 1,302 | 30% |
| Lot Size | 6,360 | 5,708 | 64% |
| Price | $975.0K | $850.0K | 77% |
| Price per sq ft | $867 | $662 | 89% |
| Built year | 1941 | 1953 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 149 | 2% |
May 19, 2026
$975,000
Initial Listing
Jul 30, 2015
$450,000
Public Record
Jan 22, 2008
$415,000
Public Record
Jul 20, 2006
$600,000
Public Record