11628 Lakewood Blvd #9

The pending sale status as of 2025-01-17 at the list price of $569,000 suggests the property may be overvalued, as properties typically sell below list price in balanced markets. This could lead to appraisal issues or financing challenges. The age of the building (40 years) means major systems like HVAC, plumbing, and electrical may need significant repairs or replacement soon, potentially costing $15,000 - $30,000 over the next 5-10 years. Without specific HOA fee information, there's a risk of unexpected costs; if fees are truly low, the HOA may be underfunded for future major repairs. The location on Lakewood Blvd, a major thoroughfare, could mean higher noise levels and traffic, potentially impacting quality of life and future resale value. The condo market can be more volatile than single-family homes, with median condo prices in Downey showing only 2% appreciation over the past year compared to 3.5% for single-family homes.