7845 Gainford Street
Downey, CA, 90240
$1,360,000
MLS: DW25222362
Beds
5
Baths
4
Sq Ft
2,200
Lot
0.17 ac
Year Built
1949
MLS #
DW25222362
Days on Market
144
Listed
Sep 26, 2025
Description
Welcome to this beautifully updated residence with a brand new 2025 Accessory Dwelling Unit (ADU), with beautiful new updates throughout. Located in a highly desirable neighborhood of North Downey. Each fully permitted unit has separate addresses, separate entrances, separate meters and separate yards! The back ADU not only offers privacy—but also features paid-off solar panels, providing long-term energy savings; each home is equipped with new HVAC systems, new gas and water meters, both tankless water heaters! Front unit is a 3-bedroom, 2-bath home, copper plumbing, new double pan windows, attached garage with washer/dryer hookups and back unit is a gorgeous 2-bedroom, 2-bath home with inside laundry room. Works perfect for extended family, guests, or multi-generational living—with the ability to rent out one or both units, this property offers incredible potential for generating income while also serving as a home that can comfortably accommodate extended relatives or multiple households. Nestled in a prime location close to schools, dining, shopping, and easy freeway access, this property is the perfect blend of convenience, value, and modern living. A rare opportunity to own a move-in ready home with endless possibilities!
Location
Downey, Los Angeles County, CA 90240
Open on Google Maps ↗Listed by: Evelyn Calas · Coldwell Banker Envision
Payment estimate
$9,747
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $136,000 · Loan: $1,224,000
- Principal & Interest
- $7,520
- Property tax (1.25%)
- $1,417
- Homeowners insurance
- $300
- Mortgage insurance
- $510
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 $47,600 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.
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