
Downey, California 90241
This Custom-Built Single Family Residence presents a High-Potential Investment Opportunity, listed at $1,275,000—positioned above the $1,139,823 Fair Market Value by 11%. While the property requires a full interior renovation due to its Condition Rating of 5, the 9,109 sqft lot and prime Cherokee Estates location offer significant long-term upside. Proximity to Downey High School and major retail hubs enhances its appeal. This is a strategic acquisition for Value-Add Investors or Owner-Occupants looking to modernize a classic home in a premier community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8635 Muller Subject | $1,275,000* List Price | 4 | 3 | 2,341 | $487 | - |
A 8670 7th Sold | $1,210,000 | 3 | 3 | 2,674 | $453 | 0.1 mi |
B 10406 Hasty Sold | $1,200,000 | 4 | 3 | 2,097 | $572 | 0.8 mi |
C 11103 Marbel Avenue Active | $1,049,900 List Price | 3 | 2 | 1,934 | $543 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 and offered for the first time by the original owners, the property is in 'time capsule' condition. While the exterior and systems like windows and HVAC have seen some attention, the interior—including the kitchen, all three bathrooms, parquet flooring, and popcorn ceilings—is over 60 years old and requires a full rehab to meet modern standards.
Situated in the highly desirable Cherokee Estates, this property offers exceptional proximity to Downey High School, Stonewood Mall, and the vibrant downtown area.
Boasting 2,341 square feet of interior space on a substantial 9,109 square foot lot, the home provides a spacious floor plan and a large backyard ideal for entertaining.
This first-time-to-market custom home features pride of ownership with essential upgrades including newer windows and a central heating and cooling system.
As the property has been held by the original owner since 1962, buyers may need to budget for cosmetic modernizations to the kitchen and bathrooms to meet contemporary standards.
The property does not offer any significant views, which may be a drawback for buyers prioritizing a scenic or elevated outlook at this price point.
Welcome to Cherokee Estates in Downey! This 4-bedroom, 3-bathroom custom built home offers a spacious yet comfortable floor plan with plenty of room to live and gather. The home features a formal living room, inviting adjacent family room with fireplace, spacious kitchen, and a large dining area. The primary bedroom offers a wall-to-wall closet for exceptional storage, while an inside laundry room adds everyday convenience. Additional features include central air and heat, newer windows, and a 2-car garage. Step outside to a large backyard complete with a covered patio, creating an ideal setting for outdoor dining, entertaining, or simply relaxing. Conveniently located near Downey High School, Stonewood Mall and downtown Downey. First time on the market since it was built in 1962, this is a wonderful opportunity to own a generously sized home in this desirable community of North Downey.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,341 | 1,517.386 |
| Lot Size | 9,109 | 7,116.561 |
| Price | $1.27M | $940.6K |
| Price per sq ft | $545 | $631 |
| Built year | 1962 | 1952 |
| HOA | $0 | $300 |
| Days on market | 14 | 52 |
Aug 26, 2026
$1,275,000
Initial Listing