7452 Benares Street, Downey, California 90241, Downey, 90241 - 3 bed, 1 bath
ACTIVE$749,900
7452 Benares Street, Downey, California 90241
3Beds
1Bath
1,461Sqft
6,061Lot
Price Vs. Estimate
The estimated value ($730,494.785) is $19,405.215 (2%) lower than the list price ($749,900). This property may be overpriced.
Key pros and cons
Top Pros:
Investment/First-Time Buyer Opportunity: Explicitly described as 'perfect for a first-time buyer or an investor,' offering a clear path to build equity through renovation.
Top Cons:
Extensive Renovation Required: The property is explicitly described as 'original,' a 'fixer,' and needing 'TLC,' indicating substantial updates and investment will be necessary.
Compared to the nearby listings
Price:$749.9K vs avg $975.0K ($-225,100)9%
Size:1,461 sqft vs avg 1,728 sqft39%
Price/sqft:$513 vs avg $61121%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is explicitly described as 'original,' a 'fixer,' and needing 'TLC,' indicating extensive renovation and substantial repairs are required. The property analysis confirms 'Aging Infrastructure' and 'Extensive Renovation Required.' While no interior images are provided, the age and description strongly suggest the kitchen, bathroom, and all major systems are severely outdated and in poor condition, necessitating significant investment for rehabilitation.
Year Built
1950
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
CV25270042
Home ConditionPoor
Features
View-
About this home
Perfect for a first time buyer or an investor. Property is original will need updating. Fixer ,TLC
Condition Rating
Poor
Built in 1950, this property is explicitly described as 'original,' a 'fixer,' and needing 'TLC,' indicating extensive renovation and substantial repairs are required. The property analysis confirms 'Aging Infrastructure' and 'Extensive Renovation Required.' While no interior images are provided, the age and description strongly suggest the kitchen, bathroom, and all major systems are severely outdated and in poor condition, necessitating significant investment for rehabilitation.
Pros & Cons
Pros
Investment/First-Time Buyer Opportunity: Explicitly described as 'perfect for a first-time buyer or an investor,' offering a clear path to build equity through renovation.
Generous Lot Size: The 6,061 sqft lot provides ample outdoor space for landscaping, potential expansion, or creating a desirable entertainment area.
Desirable Location: Located in Downey, a well-regarded Southern California city known for its community and served by the reputable Downey Unified High School District.
Renovation Upside: Being an 'original' property that 'will need updating' presents a significant opportunity for a buyer to customize and add substantial value.
Functional Bedroom Count: The 3-bedroom configuration offers practical living space suitable for families or individuals needing extra rooms.
Cons
Extensive Renovation Required: The property is explicitly described as 'original,' a 'fixer,' and needing 'TLC,' indicating substantial updates and investment will be necessary.
Limited Bathroom Count: With only one bathroom for a three-bedroom home, it may not meet the needs of modern families and could be a functional limitation.
Aging Infrastructure: Built in 1950, the property likely has older systems (plumbing, electrical, HVAC) that may require costly repairs or complete replacement.