7853 Melva, Downey, California 90242, Downey, 90242 - 3 bed, 2 bath
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Downey, California 90242
This Spacious Traditional Residence is a Strong Value Opportunity, listed at $935,000—positioned well below the $993,206 Fair Market Value by 5%. This valuation gap offers $58,206 in Instant Equity for the incoming buyer. Maintaining a Condition Rating of 4, the home provides immediate comfort with central air and heat and a private pool. The massive 10,206 SF lot and detached garage present rare ADU potential within the Downey Unified School District. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7853 Melva Subject | $935,000* List Price | 3 | 2 | 1,329 | $747 | - |
A 7614 Brunache Sold | $900,000 | 3 | 2 | 1,627 | $553 | 0.3 mi |
B 12124 Anderberg Avenue Sold | $780,000 | 3 | 2 | 1,172 | $666 | 0.4 mi |
C 12343 Rives Avenue Sold | $850,000 | 3 | 1 | 1,077 | $789 | 0.2 mi |
D 12307 Rives Ave Sold | $800,000 | 3 | 1 | 1,110 | $721 | 0.2 mi |
E 8264 Lankin Sold | $725,000 | 2 | 1 | 997 | $727 | 0.6 mi |
F 7820 Springer St Pending | $839,900 List Price | 3 | 2 | 1,361 | $617 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, the property is well-maintained and functional with desirable features like central air/heat and a private pool. However, it lacks evidence of a recent comprehensive renovation, and the vintage infrastructure suggests that while move-in ready, the home likely features dated styles in the kitchen and bathrooms consistent with its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10207, living area = 1329.
The property sits on a generous 10,206 SF lot with a detached 2-car garage, offering significant potential for an ADU conversion or future expansion.
The backyard features a private pool and ample space, creating a perfect environment for outdoor entertainment and family gatherings.
Originally built in 1949, the home may necessitate inspections and potential upgrades to older plumbing, electrical, or structural components.
At 1,329 square feet, the interior living space is relatively modest compared to the large lot size and the current list price.
POOL HOUSE Welcome to this Beautifully Single Family. Located in the desirable City of Downey 3 Bedrooms 2 Bathrooms Central Air and Heat Home is situated on a large 10,206 SF Lot Private lot with loan driveway 2 Car Detached Garage that can be converted into an ADU The backyard offers a private Pool perfect for all of your family gatherings, Conveniently located near to Parks, Schools, Restaurants Shopping and importantly, Freeway access.
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 | 1,329 | 1,341 | 48% |
| Lot Size | 10,207 | 6,038.5 | 95% |
| Price | $935.0K | $884.5K | 64% |
| Price per sq ft | $704 | $657 | 64% |
| Built year | 1949 | 1953 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 151 | 2% |
Apr 10, 2026
$935,000
Initial Listing
Oct 24, 2022
$789,000
Public Record
Sep 13, 1996
$179,000
Public Record