8530 Gallatin L
Downey, CA, 90240
$550,000
MLS: PW26076673
Beds
2
Baths
3
Sq Ft
1,316
Lot
0.51 ac
Year Built
1975
MLS #
PW26076673
Days on Market
5
Listed
Apr 9, 2026
Description
This spacious tri level townhome-style condo offers approximately, of well designed living space with 2 bedrooms and 2.5 bathrooms. The main level features an open-concept living and dining area with a cozy fireplace, wet bar, and access to private balconies, perfect for indoor/outdoor living and entertaining. The kitchen flows seamlessly into the dining space, creating a functional and inviting layout. Upstairs, you’ll find two generously sized primary suites, each with its own private bathroom, offering comfort and privacy. The lower level includes an attached 2-car garage with direct access, laundry hookups, and additional storage space. Located in a small, well-maintained community with low HOA dues covering water, trash, and landscaping, this home is ideally situated near shopping, dining, parks, and easy freeway access, and is within the highly regarded Downey Unified School District. A perfect blend of space, location, and value, don’t miss this opportunity in one of Downey’s most sought-after neighborhoods!
Location
Downey, Los Angeles County, CA 90240
Open on Google Maps ↗Listed by: Naisa Santeyan · Home Saver Realty
Payment estimate
$4,121
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $55,000 · Loan: $495,000
- Principal & Interest
- $3,041
- Property tax (1.25%)
- $573
- Homeowners insurance
- $300
- Mortgage insurance
- $206
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 $19,250 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.
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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