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12045 Rives Ave, Downey, CA 90242

Sale Price: $1,055,000
Aug 6, 20242,186 sqft5 beds4 baths
Listed by: Aaron Mejia
License #: 01896881
Phone #: 562-413-4717
Christie's International Real Estate SoCal
Source:
CRMLS Logo
MLS #: 24424545

Property Description

"2 Vacant Units" Welcome to 12045 Rives Avenue & 12045 A Rives Avenue a blank canvas Single Family Home with detached NEWLY constructed ADU and unlimited potential! Upon entering this beautifully maintained single-family home, you are greeted by an abundance of natural light, hardwood floors, and stunning coved ceilings, a hallmark of homes built in this era. The home features a dining area adjacent to the living room, making it ideal for entertaining and hosting guests. The large, spacious kitchen includes a charming breakfast nook area, and the home features 3 bedrooms and 2 bathrooms. The property also includes a newly remodeled & permitted, detached ADU with 2 bedrooms and 2 bathrooms. This recently remodeled ADU features shaker kitchen cabinets, updated bathrooms, and offers privacy for its occupants. Both properties feature recessed lighting and dual pane windows. Each unit has its own washer and dryer room, Electric Meter, Gas Meter, and ADU features a Submeter. Customize this versatile space to suit your needs and make it your own. The property features a long driveway to serve all of your stationary needs and offers plenty of outdoor space, perfect for family gatherings and entertaining. Conveniently located near dining, parks, and recreational facilities, it is just minutes away from the 5, 710, and 605 freeways. Nearby, Downey Landing and The Promenade provide a variety of shopping and entertainment options. Located within the award-winning DUSD, one of the top-rated school districts in LA, it offers excellent educational opportunities. Don't miss out on this incredible opportunity for growth and investment in this vibrant city!
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

$14,451

TurboHome Estimated Value

$1,031,200

$472 sqft

High Valuation
$1,082,760
$495/sqft
Normal Valuation
$1,031,200
$472/sqft
Low Valuation
$979,640
$448/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$472/sqft$1,031,200

Neighborhood

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Comparative Value

$812K

$875K

$1.05M

$1.10M

$1.20M

$1.24M

10648 Paramount Blvd, Downey, CA 90241

Sale Price: $812,000

Selected Comparable

12024 Parrot Ave, Downey, CA 90242

Sale Price: $875,000

Selected Comparable

12045 Rives Ave, Downey, CA 90242

Sale Price: $1,055,000

Selected Comparable

12045 Rives Ave, Downey, CA 90242

List Price: $1,099,000

Subject Property

10725 Norlain Ave, Downey, CA 90241

Sale Price: $1,200,000

Selected Comparable

11535 Rives Ave, Downey, CA 90241

Sale Price: $1,235,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
12045 Rives Ave, Downey, CA 90242

12045 Rives Ave, Downey, CA 90242

List: $1,099,000

Listed: 8/6/2024

Area:2,186 sqft
Price/sqft:$503
Beds:5
Baths:4
Year Built:
Lot Size:6,432

Comparable Properties

COMPARABLE
Choose comps
12045 Rives Ave, Downey, CA 90242

12045 Rives Ave, Downey, CA 90242

Sale: $1,055,000

11/18/20240.00 mi

Area:2,186 sqft
Price/sqft:$483
Beds:5
Baths:4
Year Built:
Weight:24.6%
10725 Norlain Ave, Downey, CA 90241

10725 Norlain Ave, Downey, CA 90241

Sale: $1,200,000

12/10/20241.21 mi

Area:2,501 sqft
Price/sqft:$480
Beds:5
Baths:4
Year Built:
Weight:20.0%
11535 Rives Ave, Downey, CA 90241

11535 Rives Ave, Downey, CA 90241

Sale: $1,235,000

6/27/20250.55 mi

Area:2,389 sqft
Price/sqft:$517
Beds:4
Baths:4
Year Built:
Weight:19.7%
10648 Paramount Blvd, Downey, CA 90241

10648 Paramount Blvd, Downey, CA 90241

Sale: $812,000

7/15/20251.26 mi

Area:1,896 sqft
Price/sqft:$428
Beds:4
Baths:4
Year Built:
Weight:18.0%
12024 Parrot Ave, Downey, CA 90242

12024 Parrot Ave, Downey, CA 90242

Sale: $875,000

5/16/20250.39 mi

Area:2,121 sqft
Price/sqft:$413
Beds:4
Baths:3
Year Built:
Weight:17.7%

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