8237 Arnett, Downey, California 90241, Downey, 90241 - 3 bed, 1 bath
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Downey, California 90241
This property presents a High-Potential Investment Opportunity with a List Price of $739,000—positioned well below the $637,332 Fair Market Value by -15%. While the home requires modernization, the 2022 re-piping and detached garage offer significant upside for an ADU conversion. With a Condition Rating of 5, this asset is ideal for Fix-and-Flip Investors or Contractors looking to capitalize on the proximity to major freeways and the Downey Unified school district to drive long-term value in a neighborhood where renovated homes approach $1 million.
Property is extensive renovation needed.
Built in 1946 and described as an 'original home,' the property is nearly 80 years old with mostly original finishes and fixtures. While the 2022 re-piping is a major system plus, the dated exterior, worn original hardwoods, and lack of modern kitchen/bath updates place it in the rehab category rather than move-in ready.
Situated in the highly sought-after Northeast Downey area, the property offers exceptional proximity to major freeways (5, 605, 105, and 710) and top-rated schools, making it ideal for commuters and families.
The detached two-car garage and spacious lot present a prime opportunity for an ADU conversion, allowing investors or homeowners to build equity in a neighborhood where renovated homes approach the $1 million mark.
The home was completely re-piped in 2022, providing a critical system update that reduces immediate maintenance concerns and adds long-term value to this 1946 residence.
With only one bathroom serving three bedrooms, the current layout may be restrictive for modern family needs and could require a floor plan reconfiguration to maximize market appeal.
The property retains many original 1946 features and finishes, necessitating a significant budget for cosmetic and functional modernization to bring it up to contemporary standards.
Welcome to 8237 Arnett Street in the heart of Downey — a rare opportunity to own a charming original home in one of the area’s most sought-after neighborhoods. This 3-bedroom, 1-bathroom home offers approximately 1,005 square feet of living space featuring original hardwood floors and classic Downey character throughout. Situated on a spacious lot with mature avocado and fig trees, the property also features a detached two-car garage with incredible ADU potential. Located near highly regarded schools, Stonewood Center, dining, shopping, and convenient access to the 5, 605, 105, and 710 freeways. The home was fully re-piped in 2022, offering an important major system upgrade. Perfect for a first-time home buyer, investor, or someone looking to create their dream home in a neighborhood where remodeled homes have sold near $1 million. The seller has already begun making improvements while actively on the market and is hoping to find the right buyer before taking on additional upgrades that would ultimately increase the price. Opportunities like this in Downey don’t come around often — schedule your showing before this one is gone!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 1,005 | 1,560 | 7% |
| Lot Size | 5,966 | 7,442.5 | 30% |
| Price | $739.0K | $1.00M | 9% |
| Price per sq ft | $735 | $628 | 77% |
| Built year | 1946 | 1951 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 133 | 5% |
May 15, 2026
$739,000
Initial Listing