15000 Downey Ave 337, Paramount, California 90723, Paramount, 90723 - 1 bed, 1 bath
15000 Downey Ave 337
Paramount, California 90723
Property Price
SUMMARY
Analysis of 15000 Downey Ave 337, Paramount, California 90723 is currently available with a list price of $329,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Paramount Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1991, this property is well-maintained and move-in ready but retains mostly original finishes that show their age. The kitchen and bathroom feature dated white tile countertops and older white appliances. While the living areas have updated laminate flooring and the unit includes the convenience of interior laundry, the property has not undergone a full modern renovation in the last 15 years, fitting the criteria for a fair condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Compton Early College High (9/10).
- Resort-Style Amenities
The community offers an impressive suite of amenities including a sparkling pool, hot tub, clubhouse, and barbecue area, providing residents with a high-quality lifestyle and excellent spaces for entertaining.
- In-Unit Convenience
This unit features interior laundry hookups, a highly sought-after convenience in one-bedroom condominiums that eliminates the need for shared community laundry facilities.
CONSRISKS & DEFICIENCIES
- Financing Restrictions
The property is explicitly listed as not eligible for FHA financing, which significantly limits the pool of potential buyers to those with conventional loans or cash.
- Limited Living Space
At 624 square feet, the compact footprint may be a drawback for buyers seeking more storage, larger furniture layouts, or a dedicated home office space.
About 15000 Downey Ave 337
Welcome to this charming third-level, single-story condominium in the heart of Paramount! This beautifully maintained 1-bedroom, 1-bath home offers comfortable living with the convenience of interior laundry and a functional, open layout. Enjoy peaceful peek-a-boo views of the surrounding hills from your private vantage point, creating a light and airy atmosphere throughout. The community features resort-style amenities including a sparkling pool, relaxing hot tub, clubhouse, and barbecue area — perfect for entertaining or unwinding after a long day. Conveniently located near schools, shopping centers, and popular restaurants, this home offers both comfort and accessibility great location NO FHA
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1991
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $352.15 / Month
Neighborhood Insights
Paramount Unified Schools
Harry Wirtz Elementary School
Grades K-5 • 0.3 mi
Jefferson Elementary School
Grades K-5 • 0.3 mi
Abraham Lincoln School
Grades K-5 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 27% |
| Baths | 1.0 | 2.0 | 27% |
| Square foot | 624 | 922 | 9% |
| Lot Size | - | 80,303 | 14% |
| Price | $329.9K | $470.0K | 23% |
| Price per sq ft | $529 | $482 | 77% |
| Built year | 1991 | 1981 | 73% |
| HOA | $352.15 | $335 | 59% |
| Days on market | 8 | 205 | 5% |
Pricing History
Listed for Sale
Feb 26, 2026
$329,900
Initial Listing
Sold
Feb 8, 2011
$80,000
Public Record
Sold
May 23, 2006
$255,000
Public Record
Sold
Jun 23, 2004
$160,000
Public Record
Sold
Jul 16, 2003
$125,000
Public Record