8340 Gainford, Downey, California 90240, Downey, 90240 - 3 bed, 2 bath
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8340 Gainford
Downey, California 90240
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,497Sq Ft
5,666Lot Size
Property Price
LIST PRICE$989,900
EST. MARKET VALUE
$896,019
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $989,900—positioned above the $896,020 Fair Market Value by 10%. While the property requires a full rehab due to its Condition Rating of 5, the 1,497 sq. ft. layout and prime Northeast Downey location offer significant upside for forced appreciation. The home features a functional floor plan and a generous backyard, providing a solid foundation for renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a top-rated school district.
Estimated Market Value
$896,019
Based on Realkey algorithm analyzing recent comparable sales in Downey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8340 Gainford Subject | $989,900* List Price | 3 | 2 | 1,497 | $599 | - |
A 9155 Arrington Avenue Sold | $1,000,000 | 3 | 2 | 1,525 | $656 | 0.7 mi |
B 7745 Coolgrove Drive Sold | $875,000 | 3 | 2 | 1,472 | $594 | 0.9 mi |
C 9357 Parrot Sold | $870,000 | 3 | 2 | 1,501 | $580 | 0.4 mi |
D 8548 Paramount Boulevard Sold | $695,622 | 3 | 1 | 1,094 | $636 | 0.9 mi |
E 9302 Orizaba Pending | $865,000 List Price | 3 | 2 | 1,616 | $535 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1950 (74 years old) with original vintage cabinetry and features; the listing suggests it needs a 'personal touch,' indicating the kitchen, baths, and systems are likely over 30 years old and require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly desirable Northeast Downey area, the property offers excellent proximity to top-rated schools, parks, and major freeways for easy commuting.
- Functional Family Layout
The 1,497 sq. ft. floor plan includes four bedrooms, providing a versatile and spacious living arrangement suitable for growing families.
- Neighborhood Appeal
Located on a quiet, tree-lined street, the home features classic mid-century charm and large windows that create a bright and airy living environment.
CONSRISKS & DEFICIENCIES
- Needs Modernization
With original 1950s cabinetry and finishes, the property requires significant cosmetic and functional updates to meet modern standards.
- Limited Lot Size
The 5,666 sq. ft. lot is relatively modest for a four-bedroom home in this price range, potentially restricting outdoor expansion or large-scale landscaping.
About 8340 Gainford
Very well situated and ready for your personal touch! Charming 3 bedroom, 2 bathroom single-family home with a large Den, Located in desirable Northeast Downey featuring a spacious 1,497 sq. ft. layout on a 5,666 sq. ft. lot. Built in 1950, this property offers classic mid-century appeal, with original vintage touch cabinetry, a functional floor plan, a generous backyard, and a prime location near top-rated local schools, parks, and major freeways. Situated in a quiet, highly desirable tree-lined neighborhood in Northeast Downey, Bright and airy with large windows and ample living room ideal for growing families. Close proximity to local shopping centers, dining, and easy access to the 5, 105 and 605 freeways.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 5,666 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,497 | 1,517.386 |
| Lot Size | 5,666 | 7,116.561 |
| Price | $989.9K | $940.6K |
| Price per sq ft | $661 | $631 |
| Built year | 1950 | 1952 |
| HOA | $0 | $300 |
| Days on market | 19 | 52 |
Pricing History
Listed for Sale
Aug 21, 2026
$989,900
Initial Listing