7346 Irwingrove, Downey, California 90241, Downey, 90241 - 2 bed, 2 bath
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Downey, California 90241
This property presents a High-Potential Investment Opportunity with a List Price of $859,950, positioned slightly above the $849,172 Fair Market Value. While not a discount play, the home offers significant long-term upside due to its 7,122 sqft lot and prime location in the Downey Unified School District. With a Condition Rating of 4, the home is move-in ready but invites modernization to maximize value. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage a large lot for future expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7346 Irwingrove Subject | $859,950* List Price | 2 | 2 | 1,435 | $592 | - |
A 7820 7th Sold | $870,000 | 3 | 2 | 1,243 | $700 | 0.6 mi |
B 10246 Julius Sold | $977,777 | 4 | 2 | 1,914 | $511 | 0.2 mi |
C 7534 Fostoria Sold | $1,100,000 | 3 | 2 | 1,773 | $620 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, this 75-year-old home shows signs of age despite some cosmetic maintenance. The bathroom features a dated tub enclosure and older window styles, though the vanity appears to be a more recent budget replacement. While functional and move-in ready, the property is dated and will require modernization of systems and interiors to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7122, living area = 1435.
Situated in the highly sought-after Northwest Downey area, this property offers prestige and proximity to top-tier local amenities and services.
The 7,122 square foot lot provides ample outdoor space and significant potential for future expansions, an ADU, or a custom outdoor living area.
With only two bedrooms, the property may face challenges appealing to larger families or buyers seeking a dedicated home office without sacrificing guest space.
Built in 1951, the home may require significant capital investment for modernizing systems and finishes to align with contemporary buyer expectations.
Exceptional opportunity in Downey. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,435 | 1,554 | 42% |
| Lot Size | 7,122 | 7,425 | 44% |
| Price | $860.0K | $995.0K | 21% |
| Price per sq ft | $599 | $625 | 37% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 130 | 5% |
May 15, 2026
$859,950
Initial Listing