Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
PendingSingleFamilyResidence

9355 Florence

Downey, CA, 90240

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$1,900,000

MLS: PW26045941

Beds

7

Baths

7

Sq Ft

6,800

Lot

0.26 ac

Year Built

2008

MLS #

PW26045941

Days on Market

11

Listed

Mar 2, 2026

Description

Rare opportunity in Downey! Massive 7-bedroom, 7-bath home offering approximately 6,800 sq ft of living space. Clean canvas, ideal for investors or buyers looking to renovate and add significant value. Features include a huge primary suite, open kitchen layout, grand living areas, and a beautiful pool with room to create a resort-style backyard. Exceptional footprint, strong layout, and endless potential in a desirable location. Perfect for a custom luxury renovation or value-add project.

Location

Downey, Los Angeles County, CA 90240

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Listed by: Ethan Cabral · Coldwell Banker Envision

Payment estimate

$13,498

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $190,000 · Loan: $1,710,000

%
Principal & Interest
$10,507
Property tax (1.25%)
$1,979
Homeowners insurance
$300
Mortgage insurance
$713
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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 $66,500 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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