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15000 Downey Avenue 122, Paramount, California 90723, Paramount, 90723 - 1 bed, 1 bath

15000 Downey Avenue 122, Paramount, California 90723 home-pic-0
ACTIVE$324,000
15000 Downey Avenue 122, Paramount, California 90723
1Bed
1Bath
620Sqft
152,602Lot
Year Built
1991
Close
-
List price
$324K
Original List price
$324K
Price/Sqft
$523
HOA
$352.15
Days on market
-
Sold On
-
MLS number
25589545
Home ConditionFair
Features
Pool
Spa
View

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $324.0K(17th), sqft - 620(4th), beds - 1(25th), baths - 1(25th).

Welcome to Somerset Condominiums, a gated community in the heart of Paramount! This charming 1-bedroom, 1-bathroom condo, "corner unit" which is very private, that is not over-looked by another unit, offers approx. 620 sq. ft. of comfortable living with a bright, open layout. In-unit laundry for convenience. The spacious bedroom is complemented by ample closet space, while central air and heat ensure year-round comfort. The community is beautifully maintained and includes resort-style amenities such as a sparkling pool, relaxing spa, clubhouse, BBQ areas in multiple places, and secure gated community. Assigned subterranean parking plus guest parking and extra storage add even more value. HOA-covered water and trash. Ideally located near shopping, dining, coffee shops, schools, and major freeways, this condo combines comfort, convenience with style, and a prime location! Perfect for first-time buyers or investors alike don't miss this opportunity to own in a highly desirable community! Schedule your private tour today

Nearby schools

4/10
Harry Wirtz Elementary School
Public,•K-5•0.3mi
6/10
Jefferson Elementary School
Public,•K-5•0.3mi
8/10
Abraham Lincoln School
Public,•K-5•0.5mi
6/10
Major Lynn Mokler School
Public,•K-5•1.0mi
5/10
Theodore Roosevelt
Public,•K-5•1.0mi
8/10
Ward Elementary School
Public,•K-3•1.3mi
7/10
Carpenter Elementary School
Public,•4-5•1.3mi
5/10
Wesley Gaines School
Public,•K-3•1.4mi
4/10
Howard Tanner School
Public,•K-5•1.4mi
6/10
Los Cerritos School
Public,•K-5•1.5mi
5/10
Mark Keppel School
Public,•K-5•1.8mi
5/10
Paramount Park Middle School
Public,•6-8•0.6mi
4/10
Alondra Middle School
Public,•6-8•0.7mi
4/10
Leona Jackson School
Public,•4-8•1.5mi
4/10
Frank J. Zamboni School
Public,•6-8•1.6mi
5/10
Sussman Middle School
Public,•6-8•1.8mi
7/10
Clinton, William Jefferson School
Public,•PK-8•1.9mi
6/10
Hollydale School
Public,•K-8•2.0mi
4/10
Roosevelt Middle School
Public,•6-8•3.5mi
5/10
Paramount High School
Public,•9-12•0.4mi
3/10
Dominguez High School
Public,•9-12•1.8mi
/10
Buena Vista High School
Public,•9-12•2.8mi
7/10
Downey High School
Public,•9-12•3.2mi
9/10
Compton Early College High
Public,•9-12•5.3mi

Price History

Date
Event
Price
09/11/25
Listing
$324,000
07/24/12
Sold
$75,000
10/01/08
Sold
$122,500
10/10/06
Sold
$233,500
Condition Rating
Fair
The condo, built in 1991, is well-maintained and functional, featuring central air/heat and good flooring. However, the kitchen and bathroom are significantly dated with original or older appliances, cabinets, countertops, and light fixtures, requiring cosmetic updates to meet current aesthetic standards. The property is aged but maintained, fitting the 'Fair' criteria for a property built over 20 years ago with no major renovations since construction.
Pros & Cons

Pros

Resort-Style Community Amenities: The gated Somerset Condominiums offer a well-maintained environment with a sparkling pool, relaxing spa, clubhouse, and multiple BBQ areas, enhancing lifestyle and appeal.
Exceptional Location & Accessibility: Strategically situated near shopping, dining, coffee shops, schools, and major freeways, providing unparalleled convenience for residents.
Desirable Unit Features: This private corner unit boasts a bright, open layout, central air and heat for year-round comfort, and the highly sought-after convenience of in-unit laundry.
Valuable Parking & Storage: Includes assigned subterranean parking, additional guest parking, and extra storage, addressing common urban living challenges.
HOA-Covered Utilities: The Homeowners Association covers water and trash expenses, contributing to lower monthly out-of-pocket costs for the owner.

Cons

Compact Living Space: With only 620 sq. ft., the 1-bedroom unit offers limited living area, which may not suit buyers seeking more spacious accommodations.
Relatively High HOA Dues: The $352.15 monthly HOA fee is substantial for a 1-bedroom unit of this size, potentially impacting affordability and investment returns.
Above Market Valuation: The current listing price of $324,000 is approximately 6% higher than the estimated property value of $302,409.78, suggesting it may be priced above current market expectations.

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