8362 Lubec
Downey, CA, 90240
$1,175,000
MLS: SB25274756
Beds
3
Baths
3
Sq Ft
1,938
Lot
0.19 ac
Year Built
1956
MLS #
SB25274756
Days on Market
27
Listed
Mar 6, 2026
Description
Located in a highly sought-after North Downey neighborhood, this beautiful corner-lot home offers space, warmth, and a highly functional floor plan designed for comfortable living and entertaining. Featuring 3 bedrooms and 3 bathrooms, the home welcomes you with a spacious living and dining room area highlighted by a custom fireplace with a Heat-A-Later system, creating a cozy and inviting atmosphere. The open-concept kitchen offers granite countertops, abundant cabinetry, a large pantry, and plenty of storage, along with an additional casual dining area. The adjacent indoor laundry room is conveniently located next to the kitchen and third bathroom. A standout feature of the home is the large den, filled with character and warmth, showcasing original wood beams and beautiful wood ceiling details. Stunning Pella French doors open to the backyard, while a second wood-burning fireplace creates the perfect setting for relaxing or entertaining. Throughout the home you’ll find beautiful hardwood floors and high-quality Pella windows, many featuring internal blinds for easy maintenance and a clean, modern look. Step outside to a beautifully designed backyard with gorgeous brick detailing, a built-in in-ground spa with heater and tranquil waterfall feature, and a full sprinkler system servicing both the front and back yards. The front yard trees were recently trimmed, enhancing the home’s curb appeal. Situated on a desirable corner lot, the property includes a detached two-car garage connected by an open breezeway. The driveway offers parking for up to three vehicles, plus dedicated RV parking on the side of the garage with a new double gate for easy access. Additional features include a step-in tub, numerous linen and storage closets throughout the home, and leased solar for energy efficiency. Located in a wonderful neighborhood known for its charm and pride of ownership, this North Downey home combines timeless character, thoughtful upgrades, and an unbeatable location.
Location
Downey, Los Angeles County, CA 90240
Open on Google Maps ↗Listed by: Venus Martinez · Redfin Corporation
Payment estimate
$8,462
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $117,500 · Loan: $1,057,500
- Principal & Interest
- $6,497
- Property tax (1.25%)
- $1,224
- Homeowners insurance
- $300
- Mortgage insurance
- $441
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 $41,125 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.
Similar Homes Nearby
Active and pending listings in ZIP 90240 (Downey) within ±10% of this home's price and size.
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
Free Buyer & Seller Tools
Net Sheet Calculator
Estimate how much you'll walk away with after selling. Covers commissions, closing costs, and loan payoff.
Property Comparison
Compare 2–3 properties side-by-side — equity, monthly payment, cash to close, and DTI — all in one infographic.
Drive Time Calculator
Check commute times from this address to work, school, or anywhere else before you commit.
Buyer Cost Sheet
Estimate your total closing costs as a buyer — lender fees, title, escrow, and prepaids — before you write an offer.