623 S Downey Road

East Los Angeles, CA 90023

  • 3 Bed(s)
  • 2 Bath(s)
  • 2,780 Sqft
  • 7481
    Sqft(Lot)
$1,200,000

Description

Investment opportunity – 4-unit multifamily in prime east los angeles plus additional unpermitted adu, ready to get fully permitted.



welcome to 621 s. downey road — a rare opportunity to own a fully gated 4-unit income property located in the heart of vibrant east los angeles, minutes from downtown la, boyle heights, and major transit corridors. this low-maintenance complex features four spacious units across two separate structures, offering excellent rental upside for investors or owner-users alike.



each unit has its own private entrance and is individually metered for gas, enhancing long-term management efficiency. a gated driveway leads to a covered carport with ample off-street parking and storage potential. the lot layout allows for maximum use of space and privacy, while mature trees line the property for added curb appeal and security.



the property benefits from strong rental demand, nearby schools, it is surrounded by local shops, restaurants, and transit lines. this central location is positioned near the 5, 60, and 710 freeways and ensures quick access across the greater la area.

highlights:4 income-producing units with potential for 5th/6th., gated driveway & secure parking, fully fenced property with private entries, excellent rental upside potential, convenient access to downtown la, usc medical center, and major freeways, zoned for continued income use with potential for upgrades or adu conversion

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Traditional

  • AD ID

    49707380

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Assessment(s)

    Interior Features

    • Roof : Composition
    • Interior Features: Balcony,Unfurnished,Main Level Primary
    • Windows: Wood Frames
    • Fireplace: None
    • Flooring: See Remarks

    Heating Source

    • See Remarks
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1924
    • Building Area Total: 2,780
    • Construction: Drywall,Frame,Stucco
    • Roof: Composition

    Foundation

    • Combination,Slab

    Security Features

    • Carbon Monoxide Detector(s),Smoke Detector(s)

    Accessibility Features

    • Parking,See Remarks

    Pool Features

    • None

    Laundry Features

    • Outside

    Fencing

    • Wrought Iron

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1717
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7481

  • Listing Price Information

    • Original List Price: 1,200,000
    • Listing Contract Date: 2025-05-11

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5236004005

  • Garage and Parking

    • Garage Description: Detached Carport,Driveway Level,Driveway,Electric Gate,Paved,Private,RV Potential

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: ELA - East Los Angeles
    • Postal Code Plus 4: 1907
    • Directions: 3rd Street Exit off 60Fwy South to 3rd St. then East to Downey Rd. Go South the PIQ on West Side.
    • Zoning: LCR4*
    • Source Property Type: Residential Income
    • Area: ELA - East Los Angeles
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 101
    • Common Walls: No Common Walls
    • Property Condition: Additions/Alterations,Fixer
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/09/2025 @ 09:39

  • MLS: TR25105068
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 3 bedrooms which is for sale, it has 2,780 sqft, 7,481 sized lot, and 0 parking. are nearby neighborhoods.