9371 Florence Avenue, Downey, California 90240, Downey, 90240 - 6 bed, 4 bath
ACTIVE$2,399,999
9371 Florence Avenue, Downey, California 90240
6Beds
4Baths
5,871Sqft
14,091Lot
Year Built
1942
Close
-
List price
$2.4M
Original List price
$2.45M
Price/Sqft
$409
HOA
-
Days on market
-
Sold On
-
MLS number
DW25020327
Home ConditionPoor
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 47% below the list price. We found 4 Cons,5 Pros. Rank: price - $2.40M(97th), sqft - 5871(94th), beds - 6(92th), baths - 4(72th).
When you walk in, you will be amazed "This is it!" An absolutely luxurious 6 bedroom, 4 baths
Price History
Date
Event
Price
07/17/25
Sold
$1,800,000
07/19/19
Sold
$1,535,000
Condition Rating
Poor
Built in 1942, this property is 83 years old. Despite being described as 'luxurious,' the property analysis explicitly states a 'Lack of Specific Modern Upgrades/Amenities' and highlights the 'Age and Potential for Deferred Maintenance,' indicating it is 'likely to require significant updates to its systems (electrical, plumbing, HVAC) and aesthetics to meet modern standards.' This suggests substantial repairs and rehabilitation are needed to bring it to current living standards, aligning with the 'Poor' condition criteria. The single image provided does not offer enough detail to contradict this assessment.
Pros & Cons
Pros
Expansive Living Space: With 5871 sqft, 6 bedrooms, and 4 bathrooms, the property offers exceptionally large living accommodations, suitable for big families or those desiring significant space.
Generous Lot Size: The 14,091 sqft lot provides ample outdoor space, a valuable asset in urban environments, allowing for potential landscaping, entertainment areas, or expansion.
Desirable Downey Location: Situated in Downey, a well-regarded city with the Downey Unified High School District, appealing to families and offering good community amenities.
Potential for Customization/Renovation: Built in 1942, the property presents a significant opportunity for a buyer to modernize and customize to their taste, potentially adding substantial value given its large footprint.
Initial Price Adjustment: The recent reduction from $2.45M to $2.399M indicates a willingness from the seller to negotiate, potentially making it more attractive to value-conscious buyers.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-07-17. The sold price is $1,800,000.00.
Significant Overpricing Relative to Market Value: The list price of $2.399M is substantially higher than the estimated property value of $1.265M and a recent comparable sale at $1.933M, indicating a considerable pricing mismatch that could deter potential buyers.
Lack of Specific Modern Upgrades/Amenities: Despite being described as 'luxurious,' the property details lack specific mentions of recent renovations, high-end appliances, or desirable amenities (like a pool, updated kitchen/baths, or smart home features) that would justify its premium price, especially compared to detailed descriptions of comparable properties.
Age and Potential for Deferred Maintenance: Built in 1942, the property is likely to require significant updates to its systems (electrical, plumbing, HVAC) and aesthetics to meet modern standards, potentially incurring substantial additional costs for a buyer.