9542 Paramount
Downey, CA, 90240
$1,189,000
MLS: DW26084131
Beds
3
Baths
3
Sq Ft
1,604
Lot
0.15 ac
Year Built
1949
MLS #
DW26084131
Days on Market
3
Listed
Apr 18, 2026
Description
Beautifully upgraded and expanded home in the heart of Downey! This spacious 3-bedroom, 2.5-bath property features a rare layout with two primary suites, ideal for multi-generational living or added flexibility. The home was completely remodeled and expanded in 2019, offering modern finishes, updated systems, and a functional open layout perfect for today’s lifestyle. Enjoy a bright and inviting interior, complemented by a private backyard with a pool, perfect for entertaining and relaxing. The property also includes a detached 2-car garage, providing additional parking or potential ADU opportunities (buyer to verify). Conveniently located near shopping, dining, and major freeways, this home combines comfort, style, and versatility in one of Downey’s most desirable areas. A must-see property with unique features you won’t find often!
Location
Downey, Los Angeles County, CA 90240
Open on Google Maps ↗Listed by: Carlos Martinez · MARCAR RE Brokers Corp.
Payment estimate
$8,559
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $118,900 · Loan: $1,070,100
- Principal & Interest
- $6,575
- Property tax (1.25%)
- $1,239
- Homeowners insurance
- $300
- Mortgage insurance
- $446
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 $41,615 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.