15000 Downey Avenue 122
Paramount, CA, 90723
$324,000
MLS: 25589545
Beds
1
Baths
1
Sq Ft
620
Lot
3.50 ac
Year Built
1991
MLS #
25589545
Days on Market
94
Listed
Sep 11, 2025
Description
Welcome to Somerset Condominiums, a gated community in the heart of Paramount! This charming 1-bedroom, 1-bathroom condo, "corner unit" which is very private, that is not over-looked by another unit, offers approx. 620 sq. ft. of comfortable living with a bright, open layout. In-unit laundry for convenience. The spacious bedroom is complemented by ample closet space, while central air and heat ensure year-round comfort. The community is beautifully maintained and includes resort-style amenities such as a sparkling pool, relaxing spa, clubhouse, BBQ areas in multiple places, and secure gated community. Assigned subterranean parking plus guest parking and extra storage add even more value. HOA-covered water and trash. Ideally located near shopping, dining, coffee shops, schools, and major freeways, this condo combines comfort, convenience with style, and a prime location! Perfect for first-time buyers or investors alike don't miss this opportunity to own in a highly desirable community! Schedule your private tour today
Location
Paramount, Los Angeles County, CA 90723
Open on Google Maps ↗Listed by: Sandy Dunkley · Equity Los Angeles
Payment estimate
$2,551
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $32,400 · Loan: $291,600
- Principal & Interest
- $1,792
- Property tax (1.25%)
- $338
- Homeowners insurance
- $300
- Mortgage insurance
- $122
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 $11,340 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.
Local Market Stats
See Paramount, CA 90723 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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