16413 Downey
Paramount, CA, 90723
(No pictures available yet)
$729,000
Original list price: $789,000
MLS: SR26088393
Beds
2
Baths
3
Sq Ft
1,640
Lot
0.11 ac
Year Built
1930
MLS #
SR26088393
Days on Market
15
Listed
Apr 23, 2026
Description
Investment Opportunity or Your Next Dream Home! This unique property is currently configured as a spacious 1-bedroom, 2-bath home featuring a generous family room and an adaptable layout that offers both comfort and opportunity. The second bedroom has been enclosed and modified with a private exterior entrance, creating a flexible bonus space that may allow for separate-use potential (buyer to verify). The long driveway provides ample off-street parking and leads to a detached two-car garage, presenting possible ADU potential (buyer to verify), adding even more long-term value and versatility. Whether you’re an investor looking for your next project or a buyer searching for a home you can grow into, this property offers a rare combination of space, function, and future upside all ready for your vision.
Location
Paramount, Los Angeles County, CA 90723
Open on Google Maps ↗Listed by: Traci Drewyer · First Class Real Estate
Payment estimate
$5,484
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $72,900 · Loan: $656,100
- Principal & Interest
- $4,151
- Property tax (1.25%)
- $759
- Homeowners insurance
- $300
- Mortgage insurance
- $273
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 May 21, 2026
- 30-year fixed
- 6.51%
- 15-year fixed
- 5.85%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $25,515 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.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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