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7845 Gainford Street, Downey, California 90240, Downey, 90240 - 5 bed, 4 bath

7845 Gainford Street, Downey, California 90240 home-pic-0
ACTIVE$1,360,000
7845 Gainford Street, Downey, California 90240
5Beds
4Baths
2,200Sqft
7,494Lot

Price Vs. Estimate

The estimated value ($1,314,259.94) is $45,740.06 (3%) lower than the list price ($1,360,000). This property may be overpriced.

Key pros and cons

Top Pros:
New ADU with Separate Utilities: A brand new, fully permitted 2025 Accessory Dwelling Unit (ADU) with separate addresses, entrances, meters, and yards, offering maximum independence and flexibility.
Top Cons:
Age of Original Structure: Despite updates, the front unit's 1949 build year suggests potential for underlying older infrastructure (e.g., foundation, main sewer lines) that may require future maintenance or upgrades.

Compared to the nearby listings

Price:$1.36M vs avg $1.00M (+$359,912.5)72%
Size:2,200 sqft vs avg 1,828 sqft67%
Price/sqft:$618 vs avg $54869%

More Insights

Built in 1949 (76 years old).
Condition: This property features a brand new 2025 Accessory Dwelling Unit (ADU) and the main residence has been beautifully and extensively updated. Both units boast new HVAC systems. The images show modern flooring (laminate/engineered wood and large format tile), recessed lighting, and updated fixtures throughout. The bathrooms are fully renovated with modern vanities, black hardware, and contemporary tiling, with one featuring a sleek glass-enclosed shower. The kitchen has updated white cabinets, modern black appliances, and clean granite countertops. While the main house was built in 1949, the recent, comprehensive renovations bring its condition to 'virtually new' standards, aligning perfectly with the 'Excellent' criteria.
Year Built
1949
Close
-
List price
$1.36M
Original List price
$1.36M
Price/Sqft
$618
HOA
-
Days on market
-
Sold On
-
MLS number
DW25222362
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights

About this home

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! Front unit is a 3-bedroom, 2-bath home with an attached garage and back unit is a 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!

Price History

Date
Event
Price
03/06/24
Sold
$825,000
Condition Rating
Excellent
This property features a brand new 2025 Accessory Dwelling Unit (ADU) and the main residence has been beautifully and extensively updated. Both units boast new HVAC systems. The images show modern flooring (laminate/engineered wood and large format tile), recessed lighting, and updated fixtures throughout. The bathrooms are fully renovated with modern vanities, black hardware, and contemporary tiling, with one featuring a sleek glass-enclosed shower. The kitchen has updated white cabinets, modern black appliances, and clean granite countertops. While the main house was built in 1949, the recent, comprehensive renovations bring its condition to 'virtually new' standards, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

New ADU with Separate Utilities: A brand new, fully permitted 2025 Accessory Dwelling Unit (ADU) with separate addresses, entrances, meters, and yards, offering maximum independence and flexibility.
Significant Income & Multi-Generational Potential: The dual-unit configuration provides excellent opportunities for rental income generation or comfortable multi-generational living arrangements.
Modern Updates & Energy Efficiency: Both residences feature new HVAC systems, and the ADU includes paid-off solar panels, ensuring modern comfort, reduced utility costs, and a move-in ready experience.
Prime North Downey Location: Located in a highly desirable North Downey neighborhood, offering convenient access to schools, dining, shopping, and major freeways.
Desirable View & Ready for Occupancy: The property boasts a 'City Lights' view and is described as 'move-in ready,' minimizing immediate buyer expenses and enhancing lifestyle appeal.

Cons

Age of Original Structure: Despite updates, the front unit's 1949 build year suggests potential for underlying older infrastructure (e.g., foundation, main sewer lines) that may require future maintenance or upgrades.
Limited Individual Yard Space: The 7,494 sqft lot, while adequate, is divided to provide separate yards for two independent units, which may result in relatively compact outdoor areas for each residence.
Potential for ADU Parking Challenges: While the front unit has an attached garage, the description does not specify dedicated parking for the ADU, which could lead to parking difficulties for tenants or guests, especially if street parking is limited.

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