16413 Downey, Paramount, California 90723, Paramount, 90723 - 2 bed, 3 bath
Loading property details...
Paramount, California 90723
This 1930s Value-Add Asset is listed at $789,000, reflecting its expansive footprint relative to a $672,709 Fair Market Value. Marketed as a primary investment project, the property carries a Condition Rating of 5 and requires a full-scale rehabilitation of its vintage systems and mid-renovation interiors. The significant 1,640 Sq. Ft. Layout and detached garage provide a foundation for forced appreciation and ADU Potential. Located near the high-rated Abraham Lincoln School and Compton Early College High, the property offers long-term stability. This project is perfectly suited for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16413 Downey Subject | $729,000* List Price | 2 | 3 | 1,640 | $385 | - |
A 8331 Jackson Active | $730,000 List Price | 3 | 2 | 1,824 | $400 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this 94-year-old home is explicitly marketed as an investment project. While the kitchen has received some cosmetic updates like shaker cabinets and granite counters, the work appears incomplete or DIY, evidenced by missing appliance panels and unfinished drywall. The laundry area is in a state of mid-renovation with exposed plumbing and missing wall tiles. The use of dated wall heaters instead of central HVAC and the overall condition of the bathrooms and flooring suggest the property requires a significant rehab to address aging systems and deferred maintenance.
High School: Compton Early College High (9/10).
The detached two-car garage and long driveway provide a prime opportunity for an Accessory Dwelling Unit (ADU) conversion, offering significant potential for rental income or increased property value.
The modified second bedroom with its own private exterior entrance creates a versatile bonus space, ideal for a home office, guest suite, or a separate-use rental setup.
The current 1-bedroom, 2-bath configuration with a modified second room may require remodeling to restore a traditional layout, which could impact immediate functionality for standard family buyers.
Built in 1930, the property likely requires updates to its core systems and finishes to meet modern standards, necessitating additional capital investment beyond the purchase price.
Investment Opportunity or Your Next Dream Home! This unique property is currently configured as a spacious 1-bedroom, 2-bath home featuring a generous family room and an adaptable layout that offers both comfort and opportunity. The second bedroom has been enclosed and modified with a private exterior entrance, creating a flexible bonus space that may allow for separate-use potential (buyer to verify). The long driveway provides ample off-street parking and leads to a detached two-car garage, presenting possible ADU potential (buyer to verify), adding even more long-term value and versatility. Whether you’re an investor looking for your next project or a buyer searching for a home you can grow into, this property offers a rare combination of space, function, and future upside all ready for your vision.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 1,640 | 1,265.5 | 73% |
| Lot Size | 5,002 | 4,367.5 | 50% |
| Price | $729.0K | $732.0K | 50% |
| Price per sq ft | $445 | $577 | 13% |
| Built year | 1930 | 1955 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 116 | 13% |
May 11, 2026
$729,000
$759,000
-4% Price Drop
Initial Listing
May 1, 2026
$759,000
$789,000
-4% Price Drop
Initial Listing
Apr 23, 2026
$789,000
Initial Listing