13947 Downey
Paramount, CA, 90723
$657,300
MLS: RS26029918
Beds
3
Baths
1
Sq Ft
862
Lot
0.07 ac
Year Built
1954
MLS #
RS26029918
Days on Market
1
Listed
Feb 9, 2026
Description
Welcome to 13947 Downey Avenue, a perfectly positioned home sitting just "one block away" from the city of Downey. This property offers the unique advantage of Paramount value with immediate access to Downey’s premier shopping, dining, and entertainment hubs. Whether you're a first-time buyer or looking for a central SoCal base, this location delivers. This 3bed 1bad makes it a great home for a first time home buyer. With parking driveway and potential to add an adu in the back. Quick Access: Minutes from the 105, 605, 710, and 91 freeways, putting all of Los Angeles and Orange County within easy reach. Public Transit: Just a short drive to the Lakewood/I-105 Metro Green Line Station, making your trip to LAX or Downtown LA a breeze. Shopping & Dining: You are minutes from The Promenade at Downey and Downey Landing, home to 24-Hour Fitness, Cinepolis, and popular spots like Porto’s Bakery. Outdoor Fun: Steps away from Pequeno Park for a quick stroll, and very close to the expansive Progress Park, which features community centers, lighted sports fields, and playgrounds. Healthcare: Peace of mind is nearby with the Kaiser Permanente Downey Medical Center less than 2 miles away. Located within the Paramount Unified School District, the home is conveniently situated near: Theodore Roosevelt Elementary (just around the corner). Paramount Park Middle School. Paramount High School
Location
Paramount, Los Angeles County, CA 90723
Open on Google Maps ↗Listed by: Adrian Cafuentes · PAK Home Realty
Payment estimate
$4,866
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $65,730 · Loan: $591,570
- Principal & Interest
- $3,635
- Property tax (1.25%)
- $685
- Homeowners insurance
- $300
- Mortgage insurance
- $246
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 Paramount home with as little as 3.5% down using an FHA loan — roughly $23,006 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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