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9125 Gainford Street, Downey, California 90240, Downey, 90240 - 5 bed, 5 bath

9125 Gainford Street, Downey, California 90240 home-pic-0
ACTIVE$1,700,000$5,350/sqft
9125 Gainford Street, Downey, California 90240
5Beds
5Baths
5,350Sqft
15,004Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Expansive Living Space & Lot: A substantial 5,350 sq. ft. home situated on a generous 15,004 sq. ft. lot, offering ample room for both indoor and outdoor living.
Top Cons:
Strict Financing Restrictions: The property is explicitly stated as 'Cash offers only' and 'Will not qualify for financing,' severely limiting the potential buyer pool and requiring significant liquid capital.

Compared to the nearby listings

Price:$1.70M vs avg $926.0K (+$774,000)82%
Size:5,350 sqft vs avg 1,697.5 sqft97%
Price/sqft:$318 vs avg $5413%

More Insights

Built in 1964 (62 years old).
Condition: Built in 1964, this property is explicitly described as a 'fixer' and requires 'cash offers only,' indicating it will not qualify for standard financing due to its condition. The images confirm an extremely outdated and worn state throughout, with no apparent major renovations in the past 50 years. The kitchen features original-style dark wood cabinets, dated appliances (except for a newer fridge), old tile flooring, and a drop ceiling. Bathrooms are a time capsule of 60s/70s design with original fixtures, vanities, patterned wallpaper, and worn surfaces. General interior spaces have heavily stained carpets, popcorn ceilings, and various highly specific, dated wallpapers. The backyard with an empty, dirty pool also shows significant neglect. The property's value is primarily in the land and its potential for a complete redevelopment or extensive, costly renovation, aligning with the 'tear-down' criteria for properties built over 50 years ago with no major renovations.
Year Built
1964
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$318
HOA
-
Days on market
-
Sold On
-
MLS number
SR26013129
Home ConditionTear down
Features
Pool
Patio
View-

About this home

5 bed + 4.5 bath 5,350 sq. ft. home with amazing potential in Downey. Fixer on a 15,004 sq. ft. lot. Ready to be turned into a dream home. Room to reimagine the layout and finishes. The entrance opens into a dramatic living space featuring a fireplace, stone walls, a sunken living area, bar and an open dining area ideal for any level of entertaining. The floorplan flows into a breakfast nook and kitchen. A separate pantry area offers flexibility for storage or future kitchen expansion. Living area and kitchen both face the backyard. Several bedrooms include en-suite bathrooms, with two rooms featuring walk-in closets. An individual laundry room with a dedicated folding area adds functionality to the floorplan. The backyard includes a pool and covered patio area, offering the potential to create a true entertainer’s retreat perfect for hosting gatherings and pool parties. A three-car garage provides generous parking and storage. Nearby attractions include Downey Landing, Stonewood Center, Furman Park, The Columbia Memorial Space Center, and a variety of local dining and shopping destinations throughout Downey. Probate Sale. Court Confirmation NOT Required. Cash offers only. Will not qualify for financing.

O
Oren Kozikaro
Listing Agent

Price History

Date
Event
Price
07/14/93
Sold
$482,500
Condition Rating
Tear down
Built in 1964, this property is explicitly described as a 'fixer' and requires 'cash offers only,' indicating it will not qualify for standard financing due to its condition. The images confirm an extremely outdated and worn state throughout, with no apparent major renovations in the past 50 years. The kitchen features original-style dark wood cabinets, dated appliances (except for a newer fridge), old tile flooring, and a drop ceiling. Bathrooms are a time capsule of 60s/70s design with original fixtures, vanities, patterned wallpaper, and worn surfaces. General interior spaces have heavily stained carpets, popcorn ceilings, and various highly specific, dated wallpapers. The backyard with an empty, dirty pool also shows significant neglect. The property's value is primarily in the land and its potential for a complete redevelopment or extensive, costly renovation, aligning with the 'tear-down' criteria for properties built over 50 years ago with no major renovations.
Pros & Cons

Pros

Expansive Living Space & Lot: A substantial 5,350 sq. ft. home situated on a generous 15,004 sq. ft. lot, offering ample room for both indoor and outdoor living.
Significant Renovation Potential: Described as a 'fixer' with 'amazing potential' and 'room to reimagine the layout and finishes,' providing a unique opportunity for buyers to customize and create a dream home.
Entertainment-Ready Features: The property boasts a dramatic living space with a fireplace, stone walls, sunken living area, bar, open dining, a backyard pool, and a covered patio, ideal for hosting gatherings.
Functional Layout & Amenities: Includes practical features such as several en-suite bathrooms, walk-in closets, an individual laundry room with a folding area, a separate pantry, and a three-car garage, enhancing daily convenience.
Desirable Downey Location: Conveniently located near popular attractions like Downey Landing, Stonewood Center, Furman Park, The Columbia Memorial Space Center, and various dining and shopping options, within the reputable Downey Unified School District.

Cons

Strict Financing Restrictions: The property is explicitly stated as 'Cash offers only' and 'Will not qualify for financing,' severely limiting the potential buyer pool and requiring significant liquid capital.
Extensive Renovation Required: Being a 'fixer,' the property demands substantial investment in time and resources for remodeling and upgrades to meet modern standards and realize its full potential.
Potential for Outdated Systems: Built in 1964, the home likely has original or older major systems (e.g., plumbing, electrical, HVAC) that may require immediate or near-future replacement, adding to the overall cost of ownership.
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