8118 Alameda, Downey, California 90242, Downey, 90242 - 7 bed, 4 bath
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Downey, California 90242
Analysis of 8118 Alameda, Downey, California 90242 is currently available with a list price of $1,587,800. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Downey Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1988, the property is 38 years old and retains original interior finishes. The kitchen and bathrooms feature dated oak cabinetry, fluorescent lighting, and older tile flooring, which require significant updates and rehab to meet modern standards.
The property features two completely detached homes on a single lot, providing superior privacy and flexibility for owner-users or high-end rental opportunities compared to traditional attached duplexes.
Built in 1988, this property is significantly newer than much of the local inventory and offers a substantial 4,264 sqft of living space equipped with modern essentials like central air conditioning.
The oversized 12,016 sqft lot provides rare utility, including private two-car garages for each unit and ample additional parking, addressing a common pain point for multi-family properties.
The large disparity between the 5-bedroom front unit and the 2-bedroom rear unit may limit the pool of qualified tenants or complicate the rental strategy for investors seeking balanced units.
At a list price of nearly $1.6M, the property represents a significant capital investment that may challenge the expected capitalization rate for traditional income-focused investors.
Exceptional opportunity to own a newer construction duplex featuring two detached homes on one large lot in a prime location in Downey. Built in 1988, this well-maintained property offers approximately 4,264 sqft of living space situated on an expansive 12,016 sqft lot. The front unit features 5 bedrooms and 2 bathrooms, while the rear unit offers 2 bedrooms and 2 bathrooms, creating an ideal setup for owner-users, multigenerational living, or investors seeking strong rental potential. Each unit includes its own private 2-car garage, central air conditioning, and functional layouts designed for comfortable living. The oversized lot also provides ample parking and excellent utility, all conveniently located near shopping, dining, schools, and major freeway access. Rare opportunity to acquire a large income-producing property in a desirable Downey neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.5 | 50% |
| Baths | 4.0 | 2.0 | 50% |
| Square foot | 4,264 | 3,377 | 50% |
| Lot Size | 12,016 | 8,898 | 50% |
| Price | $1.59M | $1.26M | 50% |
| Price per sq ft | $372 | $374 | 50% |
| Built year | 1988 | 1984 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 71 | 50% |
May 19, 2026
$1,587,800
Initial Listing
Jul 30, 2021
$1,200,000
Public Record
Aug 6, 2014
$605,000
Public Record