13947 Downey, Paramount, California 90723, Paramount, 90723 - 3 bed, 1 bath
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Paramount, California 90723
This Value-Add Residential Property is listed at $657,300, reflecting a stable valuation relative to its $619,840 Fair Market Value. While currently holding a Condition Rating of 4 due to dated interiors, the property offers immense upside through ADU Potential and its location just one block from Downey’s premier amenities. The layout includes a Patio and provides easy access to the Paramount Unified School District and major freeways. This is a high-utility acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13947 Downey Subject | $657,300* List Price | 3 | 1 | 862 | $718 | - |
A 8237 Rosecrans Sold | $525,000 | 2 | 1 | 828 | $634 | 0.2 mi |
B 8415 Elburg Street Sold | $540,000 | 2 | 1 | 836 | $646 | 0.0 mi |
C 13450 Merkel Sold | $510,000 | 1 | 1 | 553 | $922 | 0.5 mi |
D 13942 Anderson Active | $680,000 List Price | 3 | 1 | 876 | $776 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the property shows its age with significantly dated features. While the kitchen has newer stainless steel appliances, the cabinets, backsplash, and lighting are old. The bathroom is particularly outdated with very old blue wall tiles, vanity, and fixtures. Other areas feature mixed flooring and popcorn ceilings. The home is functional but requires substantial cosmetic and functional updates, including likely a full bathroom renovation and potentially central cooling, to meet modern standards.
High School: Compton Early College High (9/10).
Strategically located just one block from Downey, offering immediate access to its premier shopping, dining, and entertainment, while potentially benefiting from Paramount's value.
Provides quick access to major freeways (105, 605, 710, 91) and is a short drive to the Metro Green Line Station, ensuring easy commutes across LA and Orange County.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property features only one bathroom for three bedrooms, which may present functional challenges for families or multiple residents.
With 862 square feet of living space, the home is relatively compact, which might be a limiting factor for buyers seeking larger living areas.
Welcome to 13947 Downey Avenue, a perfectly positioned home sitting just "one block away" from the city of Downey. This property offers the unique advantage of Paramount value with immediate access to Downey’s premier shopping, dining, and entertainment hubs. Whether you're a first-time buyer or looking for a central SoCal base, this location delivers. This 3bed 1bad makes it a great home for a first time home buyer. With parking driveway and potential to add an adu in the back. Quick Access: Minutes from the 105, 605, 710, and 91 freeways, putting all of Los Angeles and Orange County within easy reach. Public Transit: Just a short drive to the Lakewood/I-105 Metro Green Line Station, making your trip to LAX or Downtown LA a breeze. Shopping & Dining: You are minutes from The Promenade at Downey and Downey Landing, home to 24-Hour Fitness, Cinepolis, and popular spots like Porto’s Bakery. Outdoor Fun: Steps away from Pequeno Park for a quick stroll, and very close to the expansive Progress Park, which features community centers, lighted sports fields, and playgrounds. Healthcare: Peace of mind is nearby with the Kaiser Permanente Downey Medical Center less than 2 miles away. Located within the Paramount Unified School District, the home is conveniently situated near: Theodore Roosevelt Elementary (just around the corner). Paramount Park Middle School. Paramount High School
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 42% |
| Square foot | 862 | 1,200 | 23% |
| Lot Size | 2,958 | 5,103 | 23% |
| Price | $657.3K | $700.0K | 39% |
| Price per sq ft | $763 | $536 | 81% |
| Built year | 1954 | 1955 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 163 | 29% |
Feb 9, 2026
$657,300
Initial Listing
Feb 26, 2008
$251,500
Public Record
Sep 6, 2006
$425,000
Public Record
May 9, 2005
$340,000
Public Record