8062 Otto, Downey, California 90240, Downey, 90240 - 5 bed, 2 bath
Loading property details...
Downey, California 90240
This Spacious 5-Bedroom Residence represents a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,395,457 Fair Market Value by 6%. This valuation gap provides $96,457 in Instant Equity for the buyer. Featuring a Mint Condition Rating with recent modern updates, a Pebble Tec pool, and a versatile bonus structure, this home offers significant lifestyle appeal. Located in the Downey Unified School District, it is an ideal acquisition for Owner-Occupants seeking a turnkey family sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8062 Otto Subject | $1,299,000* List Price | 5 | 2 | 2,445 | $571 | - |
A 7845 Gainford Street Sold | $1,188,000 | 5 | 4 | 2,200 | $540 | 0.3 mi |
B 8362 Lubec Sold | $1,175,000 | 3 | 3 | 1,938 | $606 | 0.3 mi |
C 9315 Parrot Sold | $1,150,000 | 4 | 3 | 2,169 | $530 | 0.5 mi |
D 8620 Lubec Street Sold | $990,000 | 3 | 2 | 1,850 | $535 | 0.6 mi |
E 9835 Brookshire Active | $1,349,900 List Price | 4 | 3 | 2,278 | $593 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property was updated within the last two years, featuring modern interior finishes, new flooring, and a mini-split HVAC system. The Pebble Tec pool and overall maintenance reflect mint condition consistent with a recent high-quality renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11539, living area = 2445.
Situated on an oversized 11,539 sqft lot at the end of a quiet cul-de-sac in highly desirable Northwest Downey, offering exceptional privacy and significant outdoor space.
Features a spacious 5-bedroom layout with two main-floor bedrooms and a bonus attached structure, providing excellent flexibility for multi-generational living, a home office, or a gym.
With five bedrooms and only two bathrooms indicated in the data records, the ratio may be insufficient for large families or high-end buyer expectations in this price bracket.
Originally built in 1950, the property may require ongoing maintenance or further modernization of core systems that may not have been addressed in recent cosmetic updates.
Welcome Home to this spacious 5-bedroom, 3-bath home situated on an oversized lot at the end of a quiet cul-de-sac in desirable Northwest Downey. This versatile floor plan features 2 bedrooms downstairs, ideal for guests, extended family, or a home office, along with a large family room complete with a cozy fireplace. The home has been updated within the last two years, offering modern comfort and appeal throughout. Enjoy indoor laundry, a Pebble Tec pool, and an expansive backyard with plenty of space for entertaining and outdoor gatherings. Additional highlights include a detached 2-car garage and a bonus attached structure with an extra room, providing flexibility for a workspace, gym, hobby room, or other potential uses. Conveniently located near schools, shopping, dining, and freeway access, this is a wonderful opportunity to own a beautiful home in one of Downey’s most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 81% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,445 | 1,938 | 74% |
| Lot Size | 11,539 | 7,430 | 84% |
| Price | $1.30M | $975.0K | 72% |
| Price per sq ft | $531 | $535 | 49% |
| Built year | 1950 | 1952 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 146 | 5% |
May 28, 2026
$1,299,000
Initial Listing
Nov 30, 2016
$643,000
Public Record