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12020 Rives Avenue, Downey, CA 90242

$2.2M3bd · 2ba · 1,921 sqft
Lot 28,540 sqft•Single Family Residence•
Active
•1325d on market•MLS# DW-23032341

Property Description

Investors Opportunity!! Great opportunity to build a huge dream home or a multifamily or live in the current home! Plans for multifamily have been submitted to the city of Downey, but have not been approved yet. Currently in the process and waiting for approval.

Features & Amenities

FeeBuilt 1938

Property Details

Land Type
Fee
Year Built
1938
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Central
Cooling
Central Air
View
None
City
Downey
Zip Code
90242
County
Los Angeles
Listed byVeliz Empire Realty, Veronica Gutierrez

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$11,124.40
Principal & Interest
Loan Amount
$1,760,000
Total Interest
$2,244,783
Total Payment Over 30 Years
$4,004,783
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

12020 Rives Avenue, Downey, CA 90242

Downey · Single Family Residence

$2.2M
Luxury Tier
Beds
3
Baths
2
Sqft
1,921
Lot
28,540 sqft
Year
1938
$/Sqft
$1145
Pool: No✓
View: None✓
Garage: 2-car✓

Listed 117.4% above the median closed sale of $1,012,000. Price per sqft ($1,145) is a 110% premium to closed comps ($545). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $2.20M· $1,145/sqft
Total list price
Closed comps
vs closed median $1.01M
+$1.19M (+117.4%)
Active comps
vs active median $1.10M
+$1.10M (+100.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $617
+$528 (+85.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
11103 Marbel AvenueDowney1938321,9349,016$530$1.02M7578
7330 Pellet StreetDowney1940321,50011,995$798$1.20M573
7826 Arnett StreetDowney1950321,6558,604$610$1.01M5972
9332 Samoline AvenueDowney1950332,0308,337$541$1.10M1672
12268 Samoline AvenueDowney1941422,1468,419$606$1.30M1571
Total: 5 · Average3.22.21,8539,274.2$617$1.13M34
Median1,934$1.10M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
9254 Downey AvenueDowney194708/27/2026322,18512,825$1.40M$1.40M$6411.002977
7710 Dinsdale StreetDowney195009/10/2026331,9309,121$1.10M$1.00M$5210.915674
7934 ComoletteDowney195309/02/2026321,9485,487$989,000$959,000$4920.975072
9326 FarmDowney195309/02/2026421,9847,623$998,000$1.01M$5101.017671
9612 La ReinaDowney195109/17/2026322,42511,124$1.30M$1.35M$5591.044670
Total: 5 · Average3.22.22,094.49,236$1.15M$1.15M$544.6—51.4
Median1,984$1.01M$1.01M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.