15000 Downey Avenue 126, Paramount, California 90723, Paramount, 90723 - 1 bed, 1 bath
ACTIVE$309,000
15000 Downey Avenue 126, Paramount, California 90723
1Bed
1Bath
630Sqft
152,602Lot
Year Built
1991
Close
-
List price
$309K
Original List price
$309K
Price/Sqft
$490
HOA
$353
Days on market
-
Sold On
-
MLS number
NP25079311
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $309.0K(17th), sqft - 630(17th), beds - 1(25th), baths - 1(25th).
FIXER! BRING YOUR TOOLBELT! Property sold as-is! This property provides new investors or first-time homeowners the perfect opportunity to purchase a fixer and put their mark on it. A reasonably priced unit within a wonderful gated community offers flexibility for homeowners and investors.
Nearby schools
4/10
Harry Wirtz Elementary School
Public,•K-5•0.3mi
6/10
Jefferson Elementary School
Public,•K-5•0.3mi
8/10
Abraham Lincoln School
Public,•K-5•0.5mi
6/10
Major Lynn Mokler School
Public,•K-5•1.0mi
5/10
Theodore Roosevelt
Public,•K-5•1.0mi
8/10
Ward Elementary School
Public,•K-3•1.3mi
7/10
Carpenter Elementary School
Public,•4-5•1.3mi
5/10
Wesley Gaines School
Public,•K-3•1.4mi
4/10
Howard Tanner School
Public,•K-5•1.4mi
6/10
Los Cerritos School
Public,•K-5•1.5mi
5/10
Mark Keppel School
Public,•K-5•1.8mi
5/10
Paramount Park Middle School
Public,•6-8•0.6mi
4/10
Alondra Middle School
Public,•6-8•0.7mi
4/10
Leona Jackson School
Public,•4-8•1.5mi
4/10
Frank J. Zamboni School
Public,•6-8•1.6mi
5/10
Sussman Middle School
Public,•6-8•1.8mi
7/10
Clinton, William Jefferson School
Public,•PK-8•1.9mi
6/10
Hollydale School
Public,•K-8•2.0mi
4/10
Roosevelt Middle School
Public,•6-8•3.5mi
5/10
Paramount High School
Public,•9-12•0.4mi
3/10
Dominguez High School
Public,•9-12•1.8mi
/10
Buena Vista High School
Public,•9-12•2.8mi
7/10
Downey High School
Public,•9-12•3.2mi
9/10
Compton Early College High
Public,•9-12•5.3mi
Price History
Date
Event
Price
12/13/12
Sold
$87,000
Condition Rating
Poor
The property, built in 1991, is explicitly marketed as a 'FIXER!' and 'sold as-is!', indicating it requires substantial repairs and rehabilitation. Images reveal a severely outdated kitchen with original, worn cabinets, laminate countertops, and old white appliances. The bathroom is similarly dated with an original vanity, fixtures, and lighting. Flooring throughout consists of worn laminate/vinyl and old carpet. All major interior components are well past their expected lifespan and require full replacement to meet current standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Great Schools: High School: Compton Early College High (9/10).
Value-Add Potential: The property is explicitly marketed as a 'fixer,' offering a significant opportunity for new investors or first-time homeowners to add value through renovation and personalize the space.
Gated Community Living: Located within a 'wonderful gated community,' providing enhanced security, privacy, and potentially well-maintained common areas.
Accessible Price Point: Listed at $309,000, it represents a relatively affordable entry into homeownership or investment in the Southern California market, especially for a unit with renovation potential.
Proximity to Quality Schools: The property is located near several public schools, including Paramount High School (0.35 miles) and Jefferson Elementary School (0.30 miles), with some having good ratings (e.g., Abraham Lincoln School rating 8).
Dual Buyer Appeal: The description highlights its flexibility, appealing to both first-time homeowners looking to build equity and investors seeking a project with potential returns.
Cons
Significant Renovation Required: Explicitly stated as a 'FIXER' and 'sold as-is,' indicating that the property requires substantial repairs, upgrades, and financial investment beyond the purchase price.
Compact Living Space: With only 630 sqft, 1 bedroom, and 1 bathroom, the unit offers limited living space, which may not suit buyers needing more room or those planning to expand their family.
Ongoing Association Fees: A monthly association fee of $353 adds a recurring cost to ownership, which can impact affordability and overall investment returns.