9123 Lubec, Downey, California 90240, Downey, 90240 - 3 bed, 3 bath
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Downey, California 90240
This High-Potential Value-Add Asset is listed at $1,090,000, positioned above its $973,951 Fair Market Value. Despite the Poor Condition Rating, the property features a massive 10,041 sq.ft. lot and 2,251 sq.ft. of interior space, offering significant potential for forced appreciation through a full-scale remodel. Situated in the Downey Unified School District, the site includes an extended two-car garage and abundant parking. This is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to transform a large-footprint home into a high-value residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9123 Lubec Subject | $1,090,000* List Price | 3 | 3 | 2,251 | $433 | - |
A 10033 Brookshire Sold | $930,000 | 4 | 2 | 2,145 | $434 | 0.5 mi |
B 10033 Brookshire Avenue Sold | $810,000 | 4 | 2 | 2,145 | $378 | 0.5 mi |
C 9519 La Reina Sold | $905,000 | 3 | 2 | 1,449 | $625 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, the property is explicitly marketed as needing significant upgrades and remodeling. The listing highlights 'endless potential' for buyers ready to invest in a full transformation, indicating that the interior systems, kitchen, and bathrooms likely require substantial rehabilitation to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10043, living area = 2251.
The property sits on a generous 10,041 sq.ft. lot, providing ample space for outdoor living, potential expansion, or the addition of an Accessory Dwelling Unit (ADU) in a highly desirable area.
With 2,251 sq.ft. of interior space, this home offers a larger-than-average footprint for the neighborhood, allowing for spacious room sizes and a flexible floor plan.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The home is explicitly marketed as needing upgrades and remodeling, which will require a substantial secondary investment of capital and time to bring it to modern standards.
Built in 1954 and requiring a full transformation, the property likely possesses original systems and finishes that may not meet the efficiency or aesthetic expectations of today's buyers without a complete overhaul.
Great Opportunity with Endless Potential! This 3-bedrooms, 3 baths home offers generous square footage and sits on a highly desirable 10,041 sq.ft. lot. The property is in need of upgrades and remodeling, making it an ideal opportunity for buyers with vision who are ready to invest time and resources to create their dream home. This property also features an extended two-car garage, a wide driveway, and abundant parking space - ideal for multiple vehicles or added convenience. Bring your ideas and transform this home into something truly special!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 66% |
| Square foot | 2,251 | 1,701 | 71% |
| Lot Size | 10,043 | 6,792 | 80% |
| Price | $1.09M | $905.0K | 66% |
| Price per sq ft | $484 | $535 | 29% |
| Built year | 1954 | 1951 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 121 | 3% |
Apr 13, 2026
$1,090,000
Initial Listing