8062 Otto
Downey, CA, 90240
$1,299,000
MLS: DW26110028
Beds
5
Baths
2
Sq Ft
2,445
Lot
0.26 ac
Year Built
1950
MLS #
DW26110028
Days on Market
19
Listed
May 28, 2026
Description
Welcome Home to this spacious 5-bedroom, 3-bath home situated on an oversized lot at the end of a quiet cul-de-sac in desirable Northwest Downey. This versatile floor plan features 2 bedrooms downstairs, ideal for guests, extended family, or a home office, along with a large family room complete with a cozy fireplace. The home has been updated within the last two years, offering modern comfort and appeal throughout. Enjoy indoor laundry, a Pebble Tec pool, and an expansive backyard with plenty of space for entertaining and outdoor gatherings. Additional highlights include a detached 2-car garage and a bonus attached structure with an extra room, providing flexibility for a workspace, gym, hobby room, or other potential uses. Conveniently located near schools, shopping, dining, and freeway access, this is a wonderful opportunity to own a beautiful home in one of Downey’s most sought-after neighborhoods.
Location
Downey, Los Angeles County, CA 90240
Open on Google Maps ↗Listed by: John Botello · Keller Williams SELA
Payment estimate
$9,545
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $129,900 · Loan: $1,169,100
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $7,405
- Property tax (1.25%)
- $1,353
- Homeowners insurance
- $300
- Mortgage insurance
- $487
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 Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
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 Downey home with as little as 3.5% down using an FHA loan — roughly $45,465 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
See Downey, CA 90240 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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