7824 Melva St, Downey, CA 90242 - View 1
7824 Melva St, Downey, CA 90242 - View 2
7824 Melva St, Downey, CA 90242 - View 3
7824 Melva St, Downey, CA 90242 - View 4
7824 Melva St, Downey, CA 90242 - View 5
7824 Melva St, Downey, CA 90242 - View 6

7824 Melva St, Downey, CA 90242

Sale Price: $767,000
Sep 23, 20241,234 sqft2 beds1 baths
Listed by: Pam Adame
License #: 01804721
Phone #: 818-432-3200
Keller Williams R. E. Services
Source:
CRMLS Logo
MLS #: GD24186475

Property Description

Welcome to this charming single-family home nestled in a desirable neighborhood in Downey. While it is listed as a 2-bedroom, 1-bath on title, the home shows as a 3-bedroom, 1.5-bath layout. Spanning 1,234 square feet, this residence sits on an expansive 10,076 square foot lot, providing ample outdoor space for entertaining or potential expansion. With its prime location and spacious lot, this property is a fantastic opportunity to enjoy comfortable living in a sought-after community. This is a rare opportunity to craft a home that suits your unique needs or invest in a property with limitless potential. This home is ideal for both seasoned developers and aspiring homeowners with a vision for the future. Its prime location offers easy access to freeways, local amenities, top-rated schools, shopping centers, and public transportation, ensuring convenience and connectivity. Whether you're looking to create a dream home or capitalize on the investment potential, this property offers endless possibilities in a highly desirable Downey neighborhood.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$10,968

TurboHome Estimated Value

$740,100

$600 sqft

High Valuation
$777,105
$630/sqft
Normal Valuation
$740,100
$600/sqft
Low Valuation
$703,095
$570/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$600/sqft$740,100

Neighborhood

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Comparative Value

$475K

$700K

$749K

$860K

7969 Stewart and Gray Rd, Downey, CA 90241

Sale Price: $475,000

Selected Comparable

7437 Laura St, Downey, CA 90242

Sale Price: $700,000

Selected Comparable

7824 Melva St, Downey, CA 90242

List Price: $749,000

Subject Property

8227 Duesler St, Downey, CA 90242

Sale Price: $765,000

Selected Comparable

7824 Melva St, Downey, CA 90242

Sale Price: $767,000

Selected Comparable

12231 Horley Ave, Downey, CA 90242

Sale Price: $860,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
7824 Melva St, Downey, CA 90242

7824 Melva St, Downey, CA 90242

List: $749,000

Listed: 9/23/2024

Area:1,234 sqft
Price/sqft:$607
Beds:2
Baths:1
Year Built:
Lot Size:10,078

Comparable Properties

COMPARABLE
Choose comps
7824 Melva St, Downey, CA 90242

7824 Melva St, Downey, CA 90242

Sale: $767,000

12/13/20240.00 mi

Area:1,234 sqft
Price/sqft:$622
Beds:2
Baths:1
Year Built:
Weight:24.6%
7437 Laura St, Downey, CA 90242

7437 Laura St, Downey, CA 90242

Sale: $700,000

8/7/20250.46 mi

Area:981 sqft
Price/sqft:$714
Beds:2
Baths:1
Year Built:
Weight:22.6%
8227 Duesler St, Downey, CA 90242

8227 Duesler St, Downey, CA 90242

Sale: $765,000

1/7/20250.50 mi

Area:1,138 sqft
Price/sqft:$672
Beds:3
Baths:1
Year Built:
Weight:18.1%
7969 Stewart and Gray Rd, Downey, CA 90241

7969 Stewart and Gray Rd, Downey, CA 90241

Sale: $475,000

7/1/20250.51 mi

Area:1,213 sqft
Price/sqft:$392
Beds:3
Baths:2
Year Built:
Weight:18.0%
12231 Horley Ave, Downey, CA 90242

12231 Horley Ave, Downey, CA 90242

Sale: $860,000

1/22/20250.13 mi

Area:1,324 sqft
Price/sqft:$650
Beds:3
Baths:2
Year Built:
Weight:16.6%

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