8548 Paramount Boulevard, Downey, California 90240, Downey, 90240 - 3 bed, 1 bath
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Downey, California 90240
This Value-Add Residential Asset is listed at $775,000, representing a strategic entry point despite being priced above the $638,192 Fair Market Value. With a Condition Rating of 5, the property requires a full-scale interior rehabilitation to modernize its original 1950s state. However, the inclusion of newer central air and heat and a detached two-car garage provides a solid foundation for renovation. Situated in the Downey Unified School District, this is a high-potential project for Fix-and-Flip Investors or Contractors looking to capture value in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8548 Paramount Boulevard Subject | $775,000* List Price | 3 | 1 | 1,094 | $583 | - |
A 8514 Smallwood Avenue Sold | $750,000 | 3 | 2 | 1,227 | $611 | 0.3 mi |
B 7850 Birchcrest Sold | $710,000 | 4 | 2 | 1,421 | $500 | 0.3 mi |
C 7310 Bluff Road Sold | $735,000 | 3 | 2 | 1,452 | $506 | 0.7 mi |
D 9357 Parrot Sold | $870,000 | 3 | 2 | 1,501 | $580 | 0.6 mi |
E 7745 Coolgrove Drive Active Under Contract | $849,000 List Price | 3 | 2 | 1,472 | $577 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in original 1950s condition with interior styling (shag carpet, wood paneling, and wallpaper) that appears to date back 40-50 years. The kitchen features obsolete appliances and the single bathroom is heavily dated. While the HVAC system is a recent upgrade, the home requires a comprehensive interior rehabilitation and modernization of all major surfaces and fixtures to meet current living standards.
Positioned as one of the most affordable single-family homes in Downey, this property offers an excellent entry-level opportunity for first-time buyers or investors looking to build equity through renovation.
The home features a newer central air and heating system, providing immediate modern comfort and saving the buyer the significant expense of upgrading the HVAC infrastructure.
Although located on Paramount Boulevard, the property is situated on a service street that acts as a buffer from the main thoroughfare, reducing traffic noise and improving accessibility.
The property is in its original 1950s state and requires a comprehensive remodel of the kitchen, bathroom, and living areas to meet contemporary standards.
With three bedrooms but only one bathroom, the layout may be restrictive for modern families and could limit the property's competitive edge against homes with higher bath counts.
Original-condition 3 bedroom, 1 bath home with an enclosed patio and 2 car detached garage. Make it your own by remodeling and updating to your style and taste. The home has newer central air and heat and artificial grass in the front yard. One of the cheapest homes on the market in Downey that you won't want to miss! (Property not directly on the busy street. There's a service street buffering from the boulevard.)
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 | 15% |
| Square foot | 1,094 | 1,605 | 15% |
| Lot Size | 5,327 | 6,140 | 26% |
| Price | $775.0K | $884.0K | 26% |
| Price per sq ft | $708 | $538 | 85% |
| Built year | 1950 | 1951 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 114 | 3% |
Apr 14, 2026
$775,000
Initial Listing