Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
PendingSingleFamilyResidence

10736 La Reina Avenue

Downey, CA, 90241

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$905,000

MLS: SW22123424

Beds

3

Baths

2

Sq Ft

1,424

Lot

0.17 ac

Year Built

1923

MLS #

SW22123424

Days on Market

9

Listed

Jun 28, 2022

Description

Welcome to Downey! Rare opportunity to own a one of a kind classic home, loaded with character. Beautiful historic architecture, situated on a large corner lot between 5th street and la Reina is great for those who want to be in walking distance to shopping, dining, entertainment and churches. Main home is upgraded and offers 3 bedrooms, 2 bathrooms, custom built fireplace, luxury vinyl plank that is over the original Pear Wood floors. Kitchen has SS appliances and upgraded countertops. Enjoy in door/outdoor entertaining in the dining room that has French doors leading to the patio. Check out the garage studio conversion with full bathroom and kitchenette. In addition there is a separate small cottage ADU with upgraded bathroom and new shower. New electrical and plumbing throughout the house! Backyard has a cellar off the back porch which was once used as a fruit cellar and separate grass areas and entrances for the additional studio’s. Perfect to live in the main home with the possibility of generating income. Don’t let this one get away!

Location

Downey, Los Angeles County, CA 90241

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Listed by: Heidi Bowser · Century 21 Award-Tem Redhawk

Payment estimate

$6,587

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $90,500 · Loan: $814,500

%
Principal & Interest
$5,004
Property tax (1.25%)
$943
Homeowners insurance
$300
Mortgage insurance
$339
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Downey home with as little as 3.5% down using an FHA loan — roughly $31,675 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

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Local Market Stats

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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