
Downey, California 90240
This property presents a High-Potential Investment Opportunity with a List Price of $949,500—positioned well below the $979,171 Fair Market Value by 3%. This valuation gap offers $29,671 in Instant Equity for buyers. Featuring a Fair Condition Rating (4/10), the home offers significant upside through modernization. Key assets include a private backyard pool and a converted garage with ADU potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value in a prime Downey neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9708 Pomering Subject | $899,000* List Price | 3 | 2 | 1,610 | $590 | - |
A 9912 Tecum Sold | $975,000 | 3 | 2 | 1,534 | $636 | 0.2 mi |
B 7745 Coolgrove Drive Sold | $875,000 | 3 | 2 | 1,472 | $594 | 0.6 mi |
C 9357 Parrot Sold | $870,000 | 3 | 2 | 1,501 | $580 | 0.6 mi |
D 9530 Rives Avenue Sold | $882,000 | 3 | 1 | 1,312 | $672 | 0.3 mi |
E 6481 Dos Rios Sold | $1,000,000 | 4 | 2 | 1,912 | $523 | 0.6 mi |
F 9802 Rives Avenue Pending | $899,950 List Price | 3 | 2 | 1,385 | $650 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, the property shows signs of aging with dated interior finishes and a mix of older carpet and tile. While functional and move-in ready, the listing's suggestion to 'customize to your taste' and 'maximize value' indicates that the kitchen, bathrooms, and major systems likely exceed the 20-year mark and require modernization to meet current market standards.
Situated in Northwest Downey, one of the city's most sought-after neighborhoods, offering proximity to top-rated schools, dining, and major freeways.
The property features a private backyard pool, providing a significant lifestyle benefit for relaxation and entertaining in the Southern California climate.
The existing converted garage offers immediate flexibility as a home office or gym, with the potential for conversion into an Accessory Dwelling Unit (ADU) to increase property value.
Built in 1952, the home likely requires modernization and updates to meet contemporary aesthetic and efficiency standards.
The property lacks any significant views, which may be a drawback for buyers seeking a scenic or elevated outlook.
Opportunity awaits in one of Downey’s most desirable neighborhoods! This 3-bedroom, 2-bath home offers approximately 1,610 square feet of living space on a spacious 6,527 square foot lot, creating endless possibilities for homeowners, investors, and multigenerational living. Enjoy your own private backyard with a refreshing pool that’s perfect for entertaining & relaxing. The converted garage offers excellent flexibility as a home office, gym, guest space, or can potentially be converted into an ADU (buyer to verify with the City of Downey). Conveniently located near shopping, dining, parks, schools, and major freeways, this property combines location, lifestyle, and future potential. Whether you’re looking to move right in, customize to your taste, or maximize the property’s value, this is an opportunity you won’t want to miss!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,610 | 1,517.386 |
| Lot Size | 6,527 | 7,116.561 |
| Price | $899.0K | $940.6K |
| Price per sq ft | $558 | $631 |
| Built year | 1952 | 1952 |
| HOA | $0 | $300 |
| Days on market | 41 | 52 |
Aug 20, 2026
$899,000
$949,500
-5% Price Drop
Initial Listing
Jul 30, 2026
$949,500
Initial Listing