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8243 Lankin, Downey, CA 90242

$835K3bd · 2ba · 1,330 sqft
Lot 6,689 sqft•Single Family Residence•
Active
•5d on market•MLS# AR-26232492

Property Description

Situated on a larger-than-average lot, this three-bedroom, two-bathroom Downey residence pairs timeless character with exciting possibilities for its next chapter. Standout features not commonly found in the area include a spacious primary bedroom with a private bathroom and walk-in closet, along with a double-wide driveway offering additional parking convenience. Newer dual-pane casement windows facing the street provide improved efficiency, comfort, and curb appeal. Inside, the home’s original hardwood floors have been professionally sanded and are ready to be finished in the new owner’s choice of stain and sheen, preserving an authentic feature while allowing for a personalized final touch. The functional floor plan offers comfortable spaces for everyday living and entertaining, while the generous lot provides room to enjoy the outdoors, garden, host family and friends, or explore future enhancements, subject to applicable requirements. Downtown Downey offers an inviting collection of restaurants, shops, and community events, while the Promenade at Downey and Stonewood Center provide additional dining, entertainment, and everyday conveniences. Nearby parks, recreational opportunities, and the Columbia Memorial Space Center add even more to the community experience, with convenient access to major commuter routes. Offering character worth preserving, space with room to grow, and several hard-to-find features, 8243 Lankin Street is more than a home, it is a canvas for what comes next.

Features & Amenities

FeeBuilt 1942

Property Details

Land Type
Fee
Year Built
1942
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
1
Garage Spaces
1
Cooling
Wall/Window Unit(s)
View
None
City
Downey
Zip Code
90242
County
Los Angeles
Listed byCA Flat Fee Listings, Inc, Jonathan Rodriguez

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,222.21
Principal & Interest
Loan Amount
$668,000
Total Interest
$851,997
Total Payment Over 30 Years
$1,519,997
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

Affordable Tier · 5 active · 5 closed

8243 Lankin, Downey, CA 90242

Downey · Single Family Residence

$835K
Affordable Tier
Beds
3
Baths
2
Sqft
1,330
Lot
6,689 sqft
Year
1942
$/Sqft
$628
Pool: No✓
View: None✓
Garage: 1-car✓

Listed 5.0% above the median closed sale of $795,000. Closed comps sold at 100% of list — strong seller's market.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $835K· $628/sqft
Total list price
Closed comps
vs closed median $795K
+$40K (+5.0%)
Active comps
vs active median $830K
+$5K (+0.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $638
−$10 (−1.6%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
12825 Morning AvenueDowney1953321,4915,744$569$849,00010283
11442 Pomering RoadDowney1951321,4034,864$624$875,0007481
13944 Brightwell AvenueParamount1941421,4275,430$512$729,999580
14523 Coke AvenueParamount1956321,2404,945$641$795,000480
9013 BorsonDowney1952319834,995$844$829,7771179
Total: 5 · Average3.21.81,308.85,195.6$638$815,755.239.2
Median1,403$829,777

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
8166 BorsonDowney194709/02/2026321,5056,285$949,997$960,000$6381.013590
8121 AdoreeDowney194708/17/2026311,2966,241$800,000$820,000$6331.023889
8166 Borson StreetDowney194706/02/2026321,5056,285$775,000$772,500$5131.004088
8516 LyndoraDowney194906/25/2026321,4415,188$789,900$770,000$5340.9716288
8231 Comolette StreetDowney192511/21/2025321,3365,229$794,998$795,000$5951.008384
Total: 5 · Average3.01.81,416.65,845.6$823,500$823,500$582.6—71.6
Median1,441$795,000$795,000

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.