7033 Stewart And Gray Road 24, Downey, California 90241, Downey, 90241 - 2 bed, 2 bath
7033 Stewart And Gray Road 24
Downey, California 90241
Property Price
SUMMARY
Analysis of 7033 Stewart And Gray Road 24, Downey, California 90241 reveals a Fairly Priced Property with a current list price of $524,900 aligned with the estimated $511,376 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Downey 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.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While the property was built in 1973, the interior has undergone significant recent updates, including new kitchen cabinets, granite countertops, modern sink/faucet, and a new range hood. The bathrooms are updated with modern vanities and clean tiling, and new laminate flooring has been installed throughout the main living areas and bedrooms. These updates make the property move-in ready. However, the absence of kitchen appliances, the presence of popcorn ceilings, older stair carpeting, and a dated kitchen light fixture prevent it from achieving an 'Excellent' rating, as not all components are virtually new.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 61695, living area = 1075.
- Prime Location & Connectivity
Located in the heart of Downey, offering convenient access to dining, shopping, parks, and major freeways, ensuring excellent connectivity throughout Los Angeles and Orange County.
- Modern Interior Upgrades
Recently updated with elegant granite countertops, new kitchen cabinets, new laminate flooring, and updated bathrooms, providing a contemporary and move-in ready living space.
CONSRISKS & DEFICIENCIES
- Building Age
Constructed in 1973, the building is over 50 years old, which may lead to concerns about original infrastructure or potential for future capital improvements.
- Monthly HOA Dues
Subject to a monthly association fee of $285, which represents an ongoing additional cost for property ownership.
- Absence of Scenic Views
The property does not offer any notable scenic or panoramic views, which could be a drawback for buyers prioritizing such features.
About 7033 Stewart And Gray Road 24
Welcome to one of the most desirable communities in Downey. This well-maintained two-bedroom, two-bathroom condo within a gated complex offers a blend of comfort, style, and convenience. The interior features elegant granite countertops, new kitchen cabinets, new laminate flooring throughout, and updated bathrooms. The spacious second-floor owner’s suite provides added privacy and includes thoughtful upgrades that enhance the living experience. The community offers a sparkling pool and a dedicated BBQ area for outdoor enjoyment. Additional features include two secured underground parking spaces. Located in the heart of Downey, this home provides convenient access to nearby dining, shopping, parks, and major freeways, offering excellent connectivity throughout Los Angeles and Orange County. This is a fantastic opportunity to own in a highly sought-after area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1973
- Lot Size
- 61,695 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $285.0 / Month
Neighborhood Insights
Downey Unified Schools
Old River Elementary School
Grades 4-5 • 0.5 mi
Williams Elementary School
Grades K-3 • 0.7 mi
West Middle School
Grades 6-8 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,075 | 1,786 | 9% |
| Lot Size | 61,695 | 7,487.5 | 98% |
| Price | $524.9K | $1.01M | 2% |
| Price per sq ft | $488 | $616 | 20% |
| Built year | 1973 | 1951 | 87% |
| HOA | $285.0 | $0 | 98% |
| Days on market | 88 | 164 | 11% |
Pricing History
Listed for Sale
Dec 8, 2025
$524,900
Initial Listing
Sold
Jul 31, 2012
$150,000
Public Record
Sold
Aug 27, 2004
$280,000
Public Record
Sold
May 7, 1997
$80,000
Public Record