8708 Cherokee, Downey, California 90241, Downey, 90241 - 3 bed, 2 bath
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Downey, California 90241
This property presents a High-Potential Investment Opportunity with a List Price of $1,050,000—positioned slightly above the $1,016,628 Fair Market Value. While the home requires modernization, its Fair Condition Rating and 1,697 square foot floor plan provide a blank canvas for value-add renovations. Key features include a sparkling swimming pool, a generous 5,973 square foot lot, and proximity to highly-rated schools like Downey High. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to build equity through strategic cosmetic upgrades in a prime location.
Spacious 3-bed, 2-bath home in Downey with pool and large lot. Prime location near top schools and freeways. Excellent value-add potential for investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8708 Cherokee Subject | $998,999* List Price | 3 | 2 | 1,697 | $595 | - |
A 9225 Buell Street Sold | $1,100,000 | 3 | 2 | 1,539 | $715 | 0.5 mi |
B 10556 Haledon Sold | $905,000 | 3 | 3 | 1,374 | $659 | 0.3 mi |
C 10809 Pangborn Avenue Sold | $860,000 | 3 | 2 | 1,446 | $595 | 0.8 mi |
D 10802 Hasty Sold | $1,102,000 | 4 | 2 | 1,779 | $619 | 0.8 mi |
E 10531 Dolan Sold | $910,000 | 3 | 2 | 1,410 | $645 | 0.4 mi |
F 9356 Farm Sold | $1,195,000 | 3 | 2 | 1,954 | $612 | 0.6 mi |
G 10428 Birchdale Avenue Active | $950,000 List Price | 4 | 2 | 1,688 | $563 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, the home features kitchen and bathroom renovations that appear to be 20-25 years old. While the property is well-maintained, functional, and includes solar panels, the interior finishes (oak cabinetry, white tile with gold trim) are dated and align with the 'Fair' criteria for needing cosmetic updates to increase value.
Situated in one of Downey’s most desirable neighborhoods, the property offers exceptional convenience with close proximity to the 5 and 605 freeways, major shopping centers, and highly-rated schools.
The home features a sparkling swimming pool and a generous lot, providing a rare and sought-after space for outdoor recreation and summer entertaining in a suburban setting.
With a spacious 1,697 square foot floor plan and large windows for natural light, this property presents a fantastic opportunity for buyers to build equity through personalized renovations and modern upgrades.
Built in 1949, the property likely requires modernization of its interior finishes and potentially its core systems to meet the expectations of today’s luxury buyers.
Given the million-dollar price point and the description as a 'potential' project, buyers should anticipate significant additional investment to bring the home to its highest and best use.
Location!!! Location!!! Location. Welcome to Cherokee Estates!!!this charming home nestled in one of Downey’s most desirable neighborhoods. Featuring 3 spacious bedrooms and 2 bathrooms, living room, dining room. This home offers 1,697 square feet of comfortable living space. Large windows throughout the house provide an abundance of natural light, creating a bright and inviting atmosphere. Sitting on a generous 5,973 square foot lot, there’s plenty of room for outdoor entertaining, or gardening. This sweet home is a fantastic opportunity to add your personal touch and increase value. Don’t miss your chance to own a home in a prime location with so much potential. Only a few blocks from the Downey shopping center, Banks, schools, and short distance from 5 and 605 Fwy. Ready for your enjoyment and entertaining. The sparkling pool is ready for the summer party. Do not miss this opportunity. More Pictures are going to be add this week.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,697 | 1,623 |
| Lot Size | 5,973 | 7,122 |
| Price | $999.0K | $935.5K |
| Price per sq ft | $589 | $617 |
| Built year | 1949 | 1952 |
| HOA | $0 | $0 |
| Days on market | 36 | 49 |
Jul 14, 2026
$998,999
$1,050,000
-5% Price Drop
Initial Listing
Jun 16, 2026
$1,050,000
Initial Listing
Jul 25, 2003
$420,000
Public Record
Oct 11, 1996
$174,000
Public Record