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8612 Stewart and Gray Rd, Downey, CA 90241

Sale Price: $770,000
Oct 31, 20241,262 sqft3 beds2 baths
Listed by: Collette Canepa
License #: 01826733
Phone #: 310-409-2885
Redfin Corporation
Source:
CRMLS Logo
MLS #: PF24221307

Property Description

Incredible income opportunity with a new price adjustment in Downey! Just 2 blocks from Downey Landing, live in one unit and rent the other. The main house offers a spacious living room filled with natural light from large windows. The kitchen offers ample storage space, and a laundry area. It also features two comfortable bedrooms and 1 bath. Hardwood floors and generous lighting add warmth throughout the home. The 3rd bedroom is permitted as a recreational room which has been modified into a 2nd unit with a private bathroom and kitchenette, and has access to a small private court yard, perfect for Air B&B or a longer term tenant. As if that is not enough there is also a detached garage for a potential ADU. The backyard offers plenty of space for parking with an automatic gate for security. Come and discover a plethora of opportunity in the heart of Downey.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
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

$10,668

TurboHome Estimated Value

$740,600

$587 sqft

High Valuation
$777,630
$616/sqft
Normal Valuation
$740,600
$587/sqft
Low Valuation
$703,570
$558/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$587/sqft$740,600

Neighborhood

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Comparative Value

$569K

$645K

$770K

$820K

$835K

11666 Lakewood Blvd, Downey, CA 90241

Sale Price: $569,000

Selected Comparable

8321 Alameda St, Downey, CA 90242

Sale Price: $645,000

Selected Comparable

8612 Stewart and Gray Rd, Downey, CA 90241

List Price: $770,000

Subject Property

8612 Stewart and Gray Rd, Downey, CA 90241

Sale Price: $770,000

Selected Comparable

11921 Tristan Dr, Downey, CA 90242

Sale Price: $820,000

Selected Comparable

8602 Mory St, Downey, CA 90242

Sale Price: $835,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
8612 Stewart and Gray Rd, Downey, CA 90241

8612 Stewart and Gray Rd, Downey, CA 90241

List: $770,000

Listed: 10/31/2024

Area:1,262 sqft
Price/sqft:$610
Beds:3
Baths:2
Year Built:
Lot Size:5,464

Comparable Properties

COMPARABLE
Choose comps
8612 Stewart and Gray Rd, Downey, CA 90241

8612 Stewart and Gray Rd, Downey, CA 90241

Sale: $770,000

3/11/20250.00 mi

Area:1,262 sqft
Price/sqft:$610
Beds:3
Baths:2
Year Built:
Weight:24.5%
11666 Lakewood Blvd, Downey, CA 90241

11666 Lakewood Blvd, Downey, CA 90241

Sale: $569,000

7/18/20250.35 mi

Area:1,356 sqft
Price/sqft:$420
Beds:2
Baths:2
Year Built:
Weight:19.6%
8321 Alameda St, Downey, CA 90242

8321 Alameda St, Downey, CA 90242

Sale: $645,000

7/28/20250.49 mi

Area:1,503 sqft
Price/sqft:$429
Beds:3
Baths:3
Year Built:
Weight:19.1%
8602 Mory St, Downey, CA 90242

8602 Mory St, Downey, CA 90242

Sale: $835,000

11/21/20240.51 mi

Area:1,553 sqft
Price/sqft:$538
Beds:3
Baths:2
Year Built:
Weight:18.7%
11921 Tristan Dr, Downey, CA 90242

11921 Tristan Dr, Downey, CA 90242

Sale: $820,000

1/2/20250.09 mi

Area:1,390 sqft
Price/sqft:$590
Beds:2
Baths:2
Year Built:
Weight:18.1%

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