8516 Lyndora, Downey, California 90242, Downey, 90242 - 3 bed, 2 bath
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Downey, California 90242
This Spacious Single-Story Residence is a Prime Investment Opportunity, listed at $829,900—positioned well below the $848,930 Fair Market Value by 2%. This valuation gap provides $19,030 in Instant Equity for buyers. Maintaining a Good Condition Rating, the home features a Renovated Kitchen, Updated Major Systems including the roof and plumbing, and a Versatile 4th Bedroom conversion. Located within the Downey Unified School District with a private Patio, it offers immediate utility with room for cosmetic personalization. This is an ideal match for Owner-Occupants or first-time buyers looking to build wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8516 Lyndora Subject | $789,900* List Price | 3 | 2 | 1,441 | $548 | - |
A 13027 Fidler Avenue Sold | $850,000 | 3 | 2 | 1,416 | $600 | 0.8 mi |
B 8502 Comolette Sold | $900,000 | 3 | 2 | 1,283 | $701 | 0.2 mi |
C 12265 Caladre Sold | $807,500 | 3 | 2 | 1,595 | $506 | 0.6 mi |
D 8231 Comolette Street Sold | $795,000 | 3 | 2 | 1,336 | $595 | 0.3 mi |
E 8512 Puritan Sold | $850,000 | 4 | 2 | 1,346 | $632 | 0.4 mi |
F 8333 Puritan Active Under Contract | $840,000 List Price | 3 | 2 | 1,302 | $645 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in good, move-in ready condition featuring a kitchen renovated approximately 5 years ago and significant updates to major systems including the roof, plumbing, and electrical. While the 1949 structure requires some cosmetic personalization and aesthetic modernizing, the most expensive functional components have been recently addressed, providing a solid foundation for a buyer.
The property features essential updates to the roof, plumbing, and electrical systems, providing a solid structural foundation and reducing immediate capital expenditures for the buyer.
The inclusion of a bonus den converted into a fourth bedroom offers significant flexibility for growing families, guest accommodations, or a dedicated home office space.
Situated on a quiet pride-of-ownership street in a sought-after Downey neighborhood, the home benefits from close proximity to top-rated schools, parks, and major freeway access.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Marketed as a 'value and potential' opportunity, the interior likely requires aesthetic modernizing and personalization to meet current market standards for a finished home.
Multiple price reductions since the initial listing suggest that the property's condition and original price point were not aligned with current buyer expectations in the local market.
****** WOW!!!!!! Downey Opportunity – Now $789,900 | Value & Potential ****** Exceptional opportunity in Downey! This single-story home offers 3 bedrooms and 2 bathrooms with approximately 1,441 sq ft of living space situated on a 5,300 sq ft lot on a quiet pride-of-ownership street. The home features a functional floor plan, spacious living areas, and a kitchen that was upgraded approximately 5 years ago. A bonus!!, the den has been converted into a 4th bedroom, offering flexible living space for guests, a home office, or extended family. Major system updates including plumbing, electrical, roof, and rain gutters provide a solid foundation for future improvements. With the right vision, this property presents an excellent opportunity to personalize, renovate, or add value in a highly desirable Downey neighborhood. Conveniently located near schools, parks, shopping, dining, and freeway access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,441 | 1,381 | 52% |
| Lot Size | 5,188 | 5,926 | 16% |
| Price | $789.9K | $867.5K | 20% |
| Price per sq ft | $548 | $642 | 34% |
| Built year | 1949 | 1953 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 98 | 151 | 20% |
Apr 15, 2026
$789,900
$805,000
-2% Price Drop
Initial Listing
Mar 29, 2026
$805,000
$829,900
-3% Price Drop
Initial Listing
Mar 8, 2026
$829,900
$859,000
-3% Price Drop
Initial Listing
Feb 21, 2026
$859,000
$880,000
-2% Price Drop
Initial Listing
Jan 14, 2026
$880,000
Initial Listing
Sep 17, 2021
$700,000
Public Record