$999,999
MLS: DW26103723
Beds
2
Baths
2
Sq Ft
1,497
Lot
0.30 ac
Year Built
1950
MLS #
DW26103723
Days on Market
14
Listed
May 18, 2026
Description
Situated in one of Downey’s most highly sought-after neighborhoods, this charming 2-bedroom, 2-bathroom home offers 1,497 sq. ft. of comfortable living space on an expansive 13,136 sq. ft. lot. Full of character and opportunity, this solid home boasts great bones, high ceilings, and original hardwood floors that add warmth and timeless appeal. The functional layout includes a spacious bonus room/den/family room, dedicated laundry room, and central A/C and heat for year-round comfort. Outside, the oversized lot provides endless possibilities with RV parking and an abundance of backyard space ready to be transformed into the ultimate entertainer’s paradise, pool retreat, or future expansion opportunity. A rare chance to own a home with endless potential in a prime Downey location close to shopping, dining, schools, and more.
Location
Downey, Los Angeles County, CA 90240
Open on Google Maps ↗Listed by: Steven Padilla · Century 21 A Better Service
Payment estimate
$7,417
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $100,000 · Loan: $899,999
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,700
- Property tax (1.25%)
- $1,042
- Homeowners insurance
- $300
- Mortgage insurance
- $375
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 $35,000 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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