8614 Lubec, Downey, California 90240, Downey, 90240 - 3 bed, 2 bath
Loading property details...
Downey, California 90240
This Single Family Residence is a Strong Value Opportunity, listed at $1,095,000—positioned well below the $1,097,144 Fair Market Value by 0.2%. Featuring a Condition Rating of 3, the home offers a modernized primary bathroom, hardwood floors, and a covered patio. With approved plans for a 2-bedroom ADU on a 7,505 sqft lot, this property provides significant upside for rental income. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime North Downey location near Gallatin Elementary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8614 Lubec Subject | $1,095,000* List Price | 3 | 2 | 1,715 | $640 | - |
A 8362 Lubec Sold | $1,175,000 | 3 | 3 | 1,938 | $606 | 0.3 mi |
B 8620 Lubec Street Sold | $990,000 | 3 | 2 | 1,850 | $535 | 0.0 mi |
C 9357 Parrot Sold | $870,000 | 3 | 2 | 1,501 | $580 | 0.7 mi |
D 9315 Parrot Sold | $1,150,000 | 4 | 3 | 2,169 | $530 | 0.8 mi |
E 9225 Sideview Drive Sold | $865,000 | 3 | 2 | 1,160 | $746 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1952, the home is well-maintained and move-in ready. It features a recently remodeled primary bathroom with modern finishes (less than 5 years old), updated central HVAC, and functional living spaces with hardwood floors. It avoids a 'Fair' rating due to the high-quality bathroom renovation and overall maintenance, but doesn't reach 'Excellent' as the entire home hasn't undergone a full recent gut renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7505, living area = 1715.
Situated in the highly desirable North Downey area, the property offers exceptional walkability to Gallatin Elementary, Ralph's, and local dining, ensuring strong long-term value.
The property includes recently approved plans for a 2-bedroom ADU, providing a significant value-add opportunity for rental income or multi-generational living on a spacious 7,505 sqft lot.
Built in 1952, the property may require additional capital investment for updates to secondary bathrooms or aging systems not mentioned in the recent renovations.
The listing specifies no views, which may be a competitive disadvantage compared to other premium-priced residences in the Northeast Downey area.
Right in the heart of North Downey! 3 bedrooms, 2 bathrooms, spacious living room, large kitchen with room for an everyday eating area, and den leading to backyard. The home has a beautifully remodeled primary bathroom that has the modern wow factor! Other amenities include hardwood floors, central air and heat, an inside laundry room, covered patio, and a 2 car detached garage. The owner recently has approved plans to build a 2 bedroom ADU too. It's located near Gallatin Elementary and around the corner from Planet Fitness, Ralph's and other shopping and restaurants.
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 | 1,715 | 1,865 | 47% |
| Lot Size | 7,505 | 7,430 | 53% |
| Price | $1.09M | $975.0K | 60% |
| Price per sq ft | $638 | $540 | 77% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 140 | 5% |
Jun 3, 2026
$1,095,000
Initial Listing
Aug 26, 2022
$915,000
Public Record