8635 Paramount Blvd, Downey, California 90240, Downey, 90240 - 3 bed, 1 bath
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8635 Paramount Blvd
Downey, California 90240
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
1Baths
1,006Sq Ft
8,360Lot Size
Property Price
LIST PRICE$745,000
EST. MARKET VALUE
$781,395
4% BelowMARKET VALUE
SUMMARY
This Versatile Single Family Residence is a Strong Value Opportunity, listed at $745,000—positioned well below the $781,395 Fair Market Value by 4%. This valuation gap offers $36,395 in Instant Equity for the buyer. Featuring a Good Condition Rating with a paid-off solar system, new HVAC, and a finished garage conversion, the property provides significant utility savings and flexible living space. Located in the Downey Unified district, this is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in-ready home.
Estimated Market Value
$781,395+$36,395 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 8635 Paramount Blvd Subject | $745,000* List Price | 3 | 1 | 1,006 | $777 | - |
A 7847 Blandwood Sold | $725,000 | 3 | 2 | 1,046 | $693 | 0.3 mi |
B 9530 Rives Avenue Sold | $882,000 | 3 | 1 | 1,312 | $672 | 0.7 mi |
C 8806 Stamps Sold | $840,000 | 2 | 2 | 1,228 | $684 | 0.4 mi |
D 7847 Blandwood Road Active Under Contract | $890,000 List Price | 3 | 2 | 1,046 | $851 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1951, the property has undergone significant recent renovations including a brand-new HVAC system, paid-off solar panels, new vinyl flooring, and fresh interior paint. The kitchen features new stone countertops and sinks, though some cabinetry remains dated. The move-in ready condition and major system updates qualify it for a Good rating.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8360, living area = 1006.
- Energy Efficiency
The property includes a fully paid-off solar power system, offering the new owner immediate and significant long-term savings on utility costs.
- Recent Modern Upgrades
The home is move-in ready featuring a brand-new HVAC system, fresh interior paint, and stylish new vinyl flooring, reducing the need for immediate capital improvements.
CONSRISKS & DEFICIENCIES
- Compact Main Footprint
The main residence consists of only 1,006 square feet, which may feel restrictive for buyers seeking spacious common areas or larger primary bedrooms.
- Lack of Traditional Garage
Because the garage has been converted into living space, the property lacks covered parking and enclosed storage, which could be a disadvantage for car enthusiasts or those with extra storage needs.
About 8635 Paramount Blvd
Welcome to this fantastic Downey opportunity featuring significant upgrades and valuable versatility! This home boasts fresh new interior paint, beautiful new vinyl flooring, and a brand-new HVAC system to keep you cool year-round. Enjoy energy efficiency and major cost savings from day one with a solar power system on a power purchase agreement (PPA). Adding incredible space and flexibility, the property includes a covered patio, a finished garage conversion featuring 2 additional bedrooms and 1 full bathroom—ideal for extended family living, a home office, or extra functional space. Located in a highly desirable neighborhood close to top-rated local schools, dining, shopping, and easy freeway access, this move-in-ready gem offers endless potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 8,360 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 1.0 | 2.0 |
| Square foot | 1,006 | 1,517.386 |
| Lot Size | 8,360 | 7,116.561 |
| Price | $745.0K | $940.6K |
| Price per sq ft | $741 | $631 |
| Built year | 1951 | 1952 |
| HOA | $0 | $300 |
| Days on market | 27 | 52 |
Pricing History
Listed for Sale
Aug 13, 2026
$745,000
Initial Listing
Sold
Jan 24, 2005
$395,000
Public Record