5634 Downey Avenue
Lakewood, CA, 90712
$775,000
MLS: PW26086888
Beds
2
Baths
1
Sq Ft
887
Lot
0.12 ac
Year Built
1952
MLS #
PW26086888
Days on Market
0
Listed
Apr 22, 2026
Description
Welcome to this charming starter home located at 5634 Downey Ave in the heart of Lakewood. Offering 2 bedrooms, 1 bathroom, and approximately 887 square feet of living space, this well-maintained residence is a fantastic opportunity for first-time buyers or those looking to downsize. Step inside to find freshly painted interiors complemented by beautifully preserved original hardwood floors that add warmth and character throughout the home. The updated dual-pane windows provide energy efficiency, natural light, and a quiet indoor environment. The functional layout maximizes every square foot, creating a comfortable and inviting living space. The exterior has also been freshly painted, enhancing the home’s curb appeal and making it truly move-in ready. The property offers a great foundation with potential to personalize and make it your own. Ideally situated near Lakewood Center, with convenient access to major freeways, commuting is a breeze. Enjoy close proximity to the Long Beach Exchange, offering a wide variety of shopping, dining, and entertainment options. Don’t miss this wonderful opportunity to own a home in a desirable Lakewood neighborhood with unbeatable convenience and charm.
Location
Lakewood, Los Angeles County, CA 90712
Open on Google Maps ↗Listed by: Rick Lee · Real Broker
Payment estimate
$5,683
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $77,500 · Loan: $697,500
- Principal & Interest
- $4,286
- Property tax (1.25%)
- $807
- Homeowners insurance
- $300
- Mortgage insurance
- $291
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 Lakewood home with as little as 3.5% down using an FHA loan — roughly $27,125 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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