8548 Paramount Boulevard
Downey, CA, 90240
$775,000
MLS: DW26079115
Beds
3
Baths
1
Sq Ft
1,094
Lot
0.12 ac
Year Built
1950
MLS #
DW26079115
Days on Market
7
Listed
Apr 14, 2026
Description
Original-condition 3 bedroom, 1 bath home with an enclosed patio and 2 car detached garage. Make it your own by remodeling and updating to your style and taste. The home has newer central air and heat and artificial grass in the front yard. One of the cheapest homes on the market in Downey that you won't want to miss! (Property not directly on the busy street. There's a service street buffering from the boulevard.)
Location
Downey, Los Angeles County, CA 90240
Open on Google Maps ↗Listed by: Michael Berdelis · 24 Hour Real Estate
Payment estimate
$5,683
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $77,500 · Loan: $697,500
- Principal & Interest
- $4,286
- Property tax (1.25%)
- $807
- Homeowners insurance
- $300
- Mortgage insurance
- $291
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 $27,125 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.
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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