8560 Cherokee Drive
Downey, CA, 90241
$1,599,000
MLS: DW26031201
Beds
4
Baths
4
Sq Ft
3,166
Lot
0.23 ac
Year Built
1976
MLS #
DW26031201
Days on Market
16
Listed
Feb 10, 2026
Description
LOCATION!!!!LOCATION!!!!LOCATION!!!. BEAUTIFUL READY TO MOVE IN CONDITION PROPERTY. 4 BEDROOMS 4 BATHS, FORMAL DININGROOM, LIVINGROOM, SEPARATE DEN AND 2 CAR GARAGE. PROPERTY IS LOCATED IN A BEAUTIFUL AREA OF DOWNEY, VERY CENTRICAL, JUST A FEW BLOCKS FROM THE DOWNEY SHOPPING CENTER, BANKS, SCHOOLS, AND FREEWAYS. BACK YARD IS A MUST TO SEE, READY FOR YOUR ENJOYMENT AND ENTERTAINING FOR YOUR FAMILY REUNIONS AND GATHERINGS. 3,166 SQUARE FOOTAGE OF LIVING SPACE AND 10,164 SQF LOT, YOU WILL NOT BE DESAPOINTED,.
Location
Downey, Los Angeles County, CA 90241
Open on Google Maps ↗Listed by: Maria DeJesu De Santiago · Pak Home Realty
Payment estimate
$11,407
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $159,900 · Loan: $1,439,100
- Principal & Interest
- $8,842
- Property tax (1.25%)
- $1,666
- Homeowners insurance
- $300
- Mortgage insurance
- $600
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 $55,965 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 90241 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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