7745 Coolgrove Drive, Downey, California 90240, Downey, 90240 - 3 bed, 2 bath
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Downey, California 90240
This Value-Add Residential Asset represents a High-Potential Investment Opportunity, listed at $849,000—positioned well below the $873,517 Fair Market Value by 2%. This valuation gap provides $24,517 in Instant Equity. Featuring a Condition Rating of 4, the home requires modernization but offers a solid foundation with original hardwood floors and an updated electrical panel. Located in the prestigious Downey Unified School District, the property includes a private patio and detached garage. It is a prime acquisition for Fix-and-Flip Investors or Owner-Occupants seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7745 Coolgrove Drive Subject | $849,000* List Price | 3 | 2 | 1,472 | $593 | - |
A 9357 Parrot Sold | $870,000 | 3 | 2 | 1,501 | $580 | 0.4 mi |
B 8514 Smallwood Avenue Sold | $750,000 | 3 | 2 | 1,227 | $611 | 0.4 mi |
C 7310 Bluff Road Sold | $735,000 | 3 | 2 | 1,452 | $506 | 0.3 mi |
D 9634 Julius Sold | $885,000 | 4 | 2 | 1,998 | $443 | 0.5 mi |
E 9519 La Reina Sold | $905,000 | 3 | 2 | 1,449 | $625 | 0.6 mi |
F 7850 Birchcrest Sold | $710,000 | 4 | 2 | 1,421 | $500 | 0.4 mi |
G 9530 Rives Avenue Pending | $875,000 List Price | 3 | 1 | 1,312 | $667 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, the home is functional and shows regular upkeep but is significantly dated. The kitchen features older appliances, flat-panel cabinetry, and dated tile work, while the living areas retain original hardwood floors and older light fixtures. The listing description confirms the need for paint, TLC, and modernization of the kitchen and bathrooms, placing it squarely in the fair category as an aged but livable property requiring updates.
Situated on a desirable tree-lined street in one of the most sought-after neighborhoods in North Downey, offering excellent long-term appreciation and proximity to quality schools and amenities.
The property features original hardwood floors and an updated electrical panel, providing a solid foundation for a renovation that can significantly increase equity.
The 6,000-square-foot lot includes a large backyard and a detached two-car garage, offering ample space for outdoor entertaining or potential ADU development.
The home requires significant TLC and paint, indicating that immediate capital investment is necessary to address cosmetic and potentially functional wear.
Built in 1952, the property likely requires a full modernization of the kitchen and bathrooms to meet the expectations of contemporary buyers in this price point.
Opportunity knocks !! This 3 bedroom 2 bath home is waiting for its new owner to reimagine its glory days . Situated on a tree lined street in one of the best neighborhoods in North Downey . Just under 1500 square feet of living space on a 6,000 foot lot . Huge back yard , detached 2 car garage ,updated electrical panel , fire place hardwood floors . Needs paint and some TLC Near shopping and easy freeway access This won't last !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,472 | 1,605 | 41% |
| Lot Size | 6,027 | 6,140 | 44% |
| Price | $849.0K | $884.0K | 35% |
| Price per sq ft | $577 | $538 | 56% |
| Built year | 1952 | 1951 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 114 | 3% |
Mar 27, 2026
$849,000
Initial Listing
Oct 10, 1996
$174,500
Public Record