9504 Telegraph Road, Downey, California 90240, Downey, 90240 - bed, bath

9504 Telegraph Road, Downey, California 90240 home-pic-0
ACTIVE$1,350,000
9504 Telegraph Road, Downey, California 90240
0Bed
0Bath
2,090Sqft
17,840Lot
Year Built
1960
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$646
HOA
-
Days on market
-
Sold On
-
MLS number
DW25164981
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros.

Investment opportunity in Downey! This mixed-use property has two offices and a two bedroom house on a 17,000+ sq ft lot. The two offices are currently being rented by one tenant and the large 2 bedroom 1 bath SFR is receiving excellent market rent, but can be delivered vacant. This corner lot has 8 parking spots plus a long driveway leading to the back on the Telegraph side, and a driveway on the Hasty side with access to more parking, including RV parking, and the large yard. There are multiple possibilities going forward: keep the current tenants, utilize the offices for your own use, live in one and work at the other, add additional structure(s) with the extra land, or tear it all down and build a large office building.

Price History

Date
Event
Price
07/22/25
Listing
$1,350,000
04/04/06
Sold
$650,000
Condition Rating
Fair

The property was built in 1960, making it 64 years old. While the description mentions the residential unit is receiving 'excellent market rent,' implying it's habitable, there are no interior images provided to assess the condition of the kitchen, bathrooms, appliances, flooring, or other interior features. The exterior images show older structures with some wear, such as cracked driveways. The description also suggests 'tear it all down and build a large office building' as a possibility, indicating the existing structures may not be considered modern or highly valuable in their current state. Given the age and lack of evidence of recent extensive renovations, it's highly probable that the interior components, especially kitchens and bathrooms, are outdated and would require minor to moderate updates to meet current standards. The property is functional but shows signs of age and likely deferred maintenance in certain areas.
Pros & Cons

Pros

Diversified Income & Mixed-Use: The property features two offices and a 2-bedroom house, providing multiple income streams and flexibility for various uses, including live/work or full rental.
Significant Development Potential: A large 17,000+ sq ft corner lot offers substantial opportunity for adding additional structures or redeveloping into a larger commercial building.
Ample Parking & Accessibility: With 8 dedicated parking spots, multiple driveways, and RV parking, the property ensures excellent accessibility and convenience for tenants and customers.
Strategic Corner Lot Location: Positioned on a prominent corner lot on Telegraph Road, the property benefits from high visibility and easy access, ideal for commercial ventures.
Occupancy Flexibility: The 2-bedroom residential unit can be delivered vacant, offering immediate owner-occupancy potential or the ability to secure new tenants at market rates.

Cons

Property Age & Condition: Built in 1960, the existing structures are older and may require significant updates, renovations, or deferred maintenance to meet modern standards or maximize rental value.
High Redevelopment Costs: While offering development potential, realizing a large-scale project (e.g., a new office building) would necessitate substantial capital investment and navigating complex permitting processes.
Limited Current Property Details: The description lacks specific details regarding the current condition, recent upgrades, or interior finishes of the existing structures, which could imply unforeseen expenses for a buyer.

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