11523 Richeon
Downey, CA, 90241
$915,000
MLS: RS26074273
Beds
3
Baths
2
Sq Ft
1,316
Lot
0.13 ac
Year Built
1950
MLS #
RS26074273
Days on Market
6
Listed
Apr 7, 2026
Description
Charming 3-bed, 2-bath home on a spacious lot in a quiet neighborhood in the city of Downey with modern finishes and recent upgrades. Bright open living area flows to an updated kitchen with sleek countertops and stainless appliances. Large private backyard perfect for entertaining or future expansion — move-in ready.
Location
Downey, Los Angeles County, CA 90241
Open on Google Maps ↗Listed by: Steve Lazaro · First Team Real Estate - Cerritos
Payment estimate
$6,656
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $91,500 · Loan: $823,500
- Principal & Interest
- $5,060
- Property tax (1.25%)
- $953
- Homeowners insurance
- $300
- Mortgage insurance
- $343
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
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 $32,025 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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