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7442 Hondo Street, Downey, California 90242, Downey, 90242 - 5 bed, 2 bath

7442 Hondo Street, Downey, California 90242 home-pic-0
ACTIVE UNDER CONTRACT$900,000
7442 Hondo Street, Downey, California 90242
5Beds
2Baths
1,902Sqft
9,415Lot
Year Built
1952
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$473
HOA
-
Days on market
-
Sold On
-
MLS number
PW25222354
Home ConditionPoor
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,6 Pros. Rank: price - $900.0K(61th), sqft - 1902(74th), beds - 5(91th), baths - 2(50th).

Attention Investors! Don’t miss this fantastic opportunity to own a home surrounded by million-dollar-plus properties. This diamond in the rough is full of potential and ready for the right investor with vision. The home offers 5 bedrooms (2 are unfinished), a spacious living room with adjoining dining area, and a kitchen with ample cabinet space and a built-in stove. The primary suite includes its own bathroom and plenty of natural light. Additional features include a two-car garage with direct home access and a generous 9,415 sq. ft. backyard with a pool (currently empty) and a variety of fruit trees—avocado, apple, lemon, guava, and orange. Located near the Los Amigos Golf Course, this property has all the makings of a true gem. With some TLC, it can easily become a million-dollar-plus home.

Price History

Date
Event
Price
09/21/25
Listing
$900,000
03/18/98
Sold
$204,000
Condition Rating
Poor
The property, built in 1952, is explicitly described as a 'diamond in the rough' requiring 'extensive renovation' and 'TLC.' Images reveal a severely outdated kitchen with old cabinets, tile countertops, and a bare bulb light fixture. Living areas show dated carpets, textured ceilings, and signs of wear and damage. Crucially, two bedrooms are unfinished with exposed studs and wiring, and the backyard pool is empty and non-functional. These conditions indicate significant defects and a need for substantial repairs and rehabilitation across all major systems and finishes, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9415, living area = 1902.
Investment Potential: Positioned as a 'diamond in the rough' in an area surrounded by million-dollar-plus properties, offering significant upside potential for investors with vision.
Generous Lot Size & Outdoor Amenities: Features a substantial 9,415 sq. ft. backyard with a pool and a variety of mature fruit trees (avocado, apple, lemon, guava, orange), enhancing lifestyle and property value.
High Bedroom Count: Offers 5 bedrooms, providing ample space for a large family or potential for multiple income streams once fully renovated.
Desirable Location: Located in Downey, near the Los Amigos Golf Course, in a neighborhood with high-value homes, contributing to its long-term appeal.
Functional Layout & Garage Access: Includes a spacious living room with an adjoining dining area, a primary suite with its own bathroom, and a two-car garage with direct home access.

Cons

Extensive Renovation Required: The property is explicitly described as needing 'TLC' and being a 'diamond in the rough,' indicating significant investment in repairs and upgrades will be necessary.
Unfinished Areas: Two of the five bedrooms are currently unfinished, requiring additional construction and cost to be fully functional and habitable.
Non-Operational Pool: The backyard pool is 'currently empty,' suggesting it is not in working condition and will require substantial repair, cleaning, or renovation expenses to become usable.

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