8316 Cherokee Drive, Downey, California 90241, Downey, 90241 - 4 bed, 3 bath
8316 Cherokee Drive
Downey, California 90241
Property Price
SUMMARY
Analysis of 8316 Cherokee Drive, Downey, California 90241 reveals a Fairly Priced Property with a current list price of $1,600,000 aligned with the estimated $1,597,867 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8316 Cherokee Drive Subject | $1,600,000* List Price | 4 | 3 | 2,615 | $611 | - |
A 7845 5th Street Sold | $1,380,000 | 3 | 2 | 2,091 | $660 | 0.6 mi |
B 10502 Dolan Avenue Sold | $1,300,000 | 4 | 3 | 2,625 | $495 | 0.1 mi |
C 7845 5th Sold | $1,380,000 | 2,891 | $477 | 0.6 mi | ||
D 9215 Buell Street Sold | $1,225,000 | 4 | 2 | 1,890 | $648 | 1.0 mi |
E 7913 6th Street Sold | $1,700,000 | 4 | 4 | 3,129 | $543 | 0.5 mi |
F 7604 Muller Street Active | $1,650,000 List Price | 3 | 4 | 2,470 | $668 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1997, this property has undergone significant recent updates that elevate its condition. The kitchen features new ovens and a high-end Viking 6-burner gas range, complemented by updated white shaker-style cabinets and black countertops. Two of the three bathrooms have been fully updated recently, and the third partially, ensuring modern functionality and aesthetics, even if some tile choices lean classic. Flooring includes well-maintained engineered wood and a distinctive black granite-like tile throughout. The overall impression is a move-in ready home with well-maintained systems and minimal wear and tear, aligning with a 'Good' condition score due to these extensive renovations within the last 5-15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Outdoor Entertainment Area
The property features a private pool, patio, BBQ covered area, and pergola, providing a comprehensive and attractive space for outdoor living and entertaining.
- Updated Kitchen with High-End Appliances
The kitchen is equipped with new ovens and a professional Viking 6-burner gas range, appealing to those who value cooking and modern amenities.
- Spacious Owner's Suite
The owner's bedroom is notably large, includes a generous walk-in closet, and the en-suite bathroom features two sinks, offering comfort and convenience.
CONSRISKS & DEFICIENCIES
- Inconsistent Flooring Materials
The mix of engineered wood in three bedrooms and black granite in another bedroom and throughout the rest of the house may present a stylistic inconsistency that might not appeal to all buyers.
- Partially Updated Bathroom
One bathroom is only partially updated, which could imply additional renovation costs or an incomplete aesthetic for a prospective buyer.
- Potential for Original Systems (Year Built 1997)
While some areas are updated, the 1997 construction year suggests that major systems like HVAC, plumbing, or electrical might be original and nearing the end of their typical lifespan, potentially requiring future investment.
About 8316 Cherokee Drive
This house has 4 Bedrooms: three of them with engineered wood floor and one with black granite floor like the rest of the house; the owner's bedroom is huge and has a large walking closet and the bathroom has two sinks. There are 3 bathrooms, two of which were fully updated recently and one partially updated. Total living area approximately 2615 sqft, large family Room with fireplace, Living Room, Dining Room and Kitchen with new ovens and a Viking 6 burner gas Range. The exterior includes a patio, pool, BBQ covered area, pergola, some fruit trees, a long driveway for RV or 6 vehicles and tile roof.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 9,129 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Downey Unified Schools
Rio Hondo Elementary School
Grades K-5 • 0.7 mi
Gallatin Elementary School
Grades K-5 • 0.9 mi
Price Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 80% |
| Baths | 3.0 | 2.0 | 72% |
| Square foot | 2,615 | 1,815.5 | 80% |
| Lot Size | 9,129 | 7,487.5 | 85% |
| Price | $1.60M | $1.01M | 91% |
| Price per sq ft | $612 | $616 | 50% |
| Built year | 1997 | 1951 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 171 | 165 | 59% |
Pricing History
Listed for Sale
Sep 16, 2025
$1,600,000
Initial Listing
Sold
Jul 24, 2020
$969,500
Public Record
Sold
Jun 15, 2015
$799,000
Public Record