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.
Sold for $770,000
Listing Provided by:
Collette Canepa DRE #01826733 310-409-2885,
Redfin Corporation
Bought with: Real Consultants Mortgage Real
$770,000
8612 Stewart And Gray Rd, Downey, CA 90241
3beds
1,262sqft
Single Family Residence
Built in 1950
5,464 Square Feet Lot
$755,800 Zestimate®
$610/sqft
$3,734 Estimated rent
Home value
$755,800
$688,000 - $831,000
$3,734/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 13, 2025 at 04:51pm
Listing Provided by:
Collette Canepa DRE #01826733 310-409-2885,
Redfin Corporation
Bought with:
Bernadette Ramirez, DRE #01897643
Real Consultants Mortgage Real
Source: CRMLS,MLS#: PF24221307
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Bathroom
- Features: Remodeled, Tub Shower, Walk-In Shower
Heating
- Wall Furnace
Cooling
- ENERGY STAR Qualified Equipment, High Efficiency, Wall/Window Unit(s)
Appliances
- Included: ENERGY STAR Qualified Appliances, Gas Oven, Gas Range, High Efficiency Water Heater, Tankless Water Heater
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, In Kitchen, Stacked
Features
- Ceiling Fan(s), Laminate Counters, Recessed Lighting
- Flooring: Wood
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,262 sqft
Property
Parking
- Total spaces: 5
- Parking features: Door-Single, Driveway, Electric Gate, Electric Vehicle Charging Station(s), Garage, Gated, Garage Faces Rear, RV Access/Parking
- Garage spaces: 1
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 5,464 sqft
- Features: Yard
Details
- Parcel number: 6258011051
- Zoning: DOR15000*
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Appliances
Community & neighborhood
Community
- Community features: Biking, Dog Park, Golf, Hiking, Park, Preserve/Public Land, Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Downey
Other
Other facts
- Listing terms: Cash,Conventional,Submit
Price history
| Date | Event | Price |
|---|---|---|
| 5/10/2025 | Listing removed | $1,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/6/2025 | Price change | $1,800-5.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/1/2025 | Price change | $1,900-36.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/17/2025 | Listed for rent | $3,000+51.9%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/11/2025 | Sold | $770,000$610/sqft |
Source:  CRMLS #PF24221307 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,609 +100.7% | $369,415 +2% |
| 2024 | $4,788 +4.5% | $362,172 +2% |
| 2023 | $4,580 +5.2% | $355,071 +2% |
Find assessor info on the county website
Neighborhood: 90241
Nearby schools
GreatSchools rating
- 6/10Alameda Elementary SchoolGrades: K-5Distance: 0.3 mi
- 6/10Sussman Middle SchoolGrades: 6-8Distance: 0.7 mi
- 6/10Downey High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$755,800