9008 Paramount Boulevard, Downey, California 90240, Downey, 90240 - 3 bed, 1 bath
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9008 Paramount Boulevard
Downey, California 90240
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,364Sq Ft
7,731Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$817,918
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned well below the $817,919 Fair Market Value by 2%. This valuation gap offers $18,919 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full rehab, but the 7,731 sqft lot and detached 2-car garage provide significant ADU potential. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize value in the Downey Unified district.
Estimated Market Value
$817,918
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 |
|---|---|---|---|---|---|---|
★ 9008 Paramount Boulevard Subject | $799,000* List Price | 3 | 1 | 1,364 | $600 | - |
A 9912 Tecum Sold | $975,000 | 3 | 2 | 1,534 | $636 | 1.0 mi |
B 9302 Orizaba Sold | $817,000 | 3 | 2 | 1,616 | $506 | 0.2 mi |
C 9155 Arrington Avenue Sold | $1,000,000 | 3 | 2 | 1,525 | $656 | 0.8 mi |
D 9357 Parrot Sold | $870,000 | 3 | 2 | 1,501 | $580 | 0.3 mi |
E 9933 Tristan Sold | $865,000 | 2 | 2 | 1,296 | $667 | 1.0 mi |
F 7745 Coolgrove Drive Sold | $875,000 | 3 | 2 | 1,472 | $594 | 0.3 mi |
G 8548 Paramount Boulevard Sold | $695,622 | 3 | 1 | 1,094 | $636 | 0.3 mi |
H 7326 Glencliff Drive Pending | $749,000 List Price | 3 | 2 | 1,207 | $621 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1950, this property is in mostly original condition with a highly dated kitchen featuring aged cabinetry and tile. The presence of popcorn ceilings, worn hardwood floors, and the listing's explicit suggestion to 'update the home to your liking' indicates that the interior finishes and likely the major systems are well beyond their functional lifespan and require a full rehab.
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 = 7731, living area = 1364.
- Exceptional Value
Positioned as the lowest-priced entry point in the highly desirable North Downey area, this property offers significant equity potential for investors or owner-occupants.
- Large Lot & ADU Potential
The expansive 7,731 sqft lot includes a detached two-car garage with alley access, providing an excellent opportunity for an Accessory Dwelling Unit (ADU) or future expansion.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom serving three bedrooms, the property may require a layout reconfiguration or an additional bathroom to meet the needs of modern families.
- Dated Condition
Built in 1950 and priced to reflect its current state, the home will require a significant investment in cosmetic and functional updates to bring it up to contemporary standards.
About 9008 Paramount Boulevard
Lowest priced home on the market in North Downey! The home features 3 bedrooms, 1 bathroom, with a formal living room and dining area, inside laundry room and a large family room with fireplace. The property is situated on a large lot and has a 2 car detached garage with access from the alley. Great price so you update the home to your liking!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 7,731 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 | 1,364 | 1,517.386 |
| Lot Size | 7,731 | 7,116.561 |
| Price | $799.0K | $940.6K |
| Price per sq ft | $586 | $631 |
| Built year | 1950 | 1952 |
| HOA | $0 | $300 |
| Days on market | 7 | 52 |
Pricing History
Listed for Sale
Sep 2, 2026
$799,000
Initial Listing