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Cash Offers Only. Perfect for investors or private buyer looking for a below market cash buy and remodeling project. This great home is located just steps away from Downey's new and gorgeous shopping plaza with great restaurants and luxury movie theaters. Add a master suite and convert the 1 car garage into a 2 car garage to meet Downey City Ordinance and the investment will bring back big bucks! Comps in the area for a 3B/2B home come in at $485,000!!! Make a move fast, this home will not last. Note: Downey is one of LA County's most desirable Cities because of it's great school district and central location. Nested just South of Downtown LA and 15 minutes North of the OC, and right between the San Gabriel Valley and Beach communities. Gorgeous homes surround the City in it's prestigious neighborhood of NorthEast Downey. The perfect central location surrounded by the 605, 105, 710 and the 5 Freeways. Downey is also the first and former home of our Space Program.
Listing agent: Melvin Ortiz DRE #01897346 homesbymelvin@gmail.com, Listing office: M. R. & Associates
MLS data updated 11/1/2026, 11:59:35 PM PT
Source: CRMLS, MLS #: DW16101753
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 3, 2016
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90242 · Nov 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.