7845 Gainford Street, Downey, California 90240, Downey, 90240 - 5 bed, 4 bath
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Downey, California 90240
This Modernized Dual-Unit Residence is a sophisticated income-generating asset listed at $1,360,000, reflecting a stable valuation near its $1,325,055 Fair Market Value. The property holds an Excellent Condition Rating, highlighted by a brand-new 2025 ADU, fully renovated interiors, and separate meters for each unit. Energy efficiency is prioritized with paid-off solar panels and tankless water heaters. Located in the Downey Unified School District with a City Lights view and private patio, this turnkey home offers a rare lifestyle-investment blend. It is ideal for Owner-Occupants looking to house-hack or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7845 Gainford Street Subject | $1,360,000* List Price | 5 | 4 | 2,200 | $587 | - |
A 8322 Vista Del Rosa Street Sold | $975,000 | 5 | 3 | 1,950 | $500 | 0.9 mi |
B 8713 Samoline Sold | $1,140,000 | 4 | 3 | 2,243 | $508 | 0.8 mi |
C 8620 Lubec Street Sold | $990,000 | 3 | 2 | 1,850 | $535 | 0.9 mi |
D 8352 Otto Street Sold | $1,120,000 | 4 | 2 | 1,701 | $658 | 0.6 mi |
E 9246 Manzanar Active | $1,249,999 List Price | 4 | 4 | 1,895 | $660 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property qualifies as excellent due to a brand-new 2025 ADU and an extensively renovated main residence. All major systems have been modernized, including new HVAC, copper plumbing, tankless water heaters, and double-pane windows. The interiors feature high-end contemporary finishes such as quartz countertops, shaker-style cabinetry, stainless steel appliances, recessed lighting, and modern flooring throughout, leaving no deferred maintenance.
The property features a brand new 2025 ADU with separate addresses, meters, and entrances, offering exceptional potential for rental income or multi-generational living.
Both units are equipped with new HVAC systems, tankless water heaters, copper plumbing, and double-pane windows, ensuring modern comfort and reduced maintenance.
The back ADU includes fully paid-off solar panels, providing significant long-term energy savings and increasing the property's overall sustainability.
With a list price of $1.36M, the property sits at a higher price point for the area, which may limit the pool of qualified buyers despite the ADU value.
While beautifully updated, the main residence was originally built in 1949, which may present some legacy structural limitations compared to a full new-build.
With five total bedrooms across two units, the single attached garage and driveway space may be insufficient for households with multiple vehicles.
Welcome to this beautifully updated residence with a brand new 2025 Accessory Dwelling Unit (ADU), with beautiful new updates throughout. Located in a highly desirable neighborhood of North Downey. Each fully permitted unit has separate addresses, separate entrances, separate meters and separate yards! The back ADU not only offers privacy—but also features paid-off solar panels, providing long-term energy savings; each home is equipped with new HVAC systems, new gas and water meters, both tankless water heaters! Front unit is a 3-bedroom, 2-bath home, copper plumbing, new double pan windows, attached garage with washer/dryer hookups and back unit is a gorgeous 2-bedroom, 2-bath home with inside laundry room. Works perfect for extended family, guests, or multi-generational living—with the ability to rent out one or both units, this property offers incredible potential for generating income while also serving as a home that can comfortably accommodate extended relatives or multiple households. Nestled in a prime location close to schools, dining, shopping, and easy freeway access, this property is the perfect blend of convenience, value, and modern living. A rare opportunity to own a move-in ready home with endless possibilities!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 82% |
| Baths | 4.0 | 2.0 | 82% |
| Square foot | 2,200 | 1,775.5 | 68% |
| Lot Size | 7,494 | 7,111 | 56% |
| Price | $1.36M | $917.5K | 74% |
| Price per sq ft | $618 | $556 | 65% |
| Built year | 1949 | 1951 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 218 | 124 | 82% |
Sep 26, 2025
$1,360,000
Initial Listing
Mar 6, 2024
$825,000
Public Record