623 S Downey Road
East Los Angeles, CA 90023
- 3 beds
- – baths
- 2,780 sqft
- 7,481 sqft lot
- $467 per sqft
- 1924 build
- – on site
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
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Last updated May 17, 2025
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MLS# CRTR25105068 —
This property is listed in more than one place. See it here.
Upcoming Open Houses
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Saturday, 5/17
12pm-3pm -
Sunday, 5/18
12pm-3pm
The Building
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Year Built:1924
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Building Area Units:Square Feet
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Construction Materials:Stucco
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Security Features:Smoke Detector(s)
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Accessibility Features:Other
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Building Area Total:2780
Interior
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Flooring:See Remarks
Room Dimensions
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Living Area:2780
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Living Area Units:Square Feet
Location
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Directions:3rd Street Exit off 60Fwy South to 3rd St. then Ea
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Other
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Parcel Number:5236004005
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Zoning:LCR4
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Lot Features:Level
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Lot Size Area:0.17
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Lot Size Acres:0.17
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Lot Size SqFt:7481
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Lot Size Units:Acres
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View:City Lights
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (909) 590-8853
Taxes
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Tax Tract:5312.02
Beds
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Bedrooms Total:3
The Listing
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Listing Terms:1031 Exchange
Heating & Cooling
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Heating:See Remarks
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Heating:true
Utilities
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Utilities:Other Water/Sewer
Appliances
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Laundry Features:Other
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:8
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Parking Features:Other
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/12/25
May 12, 2025
|
Listed / Active | BRIDGE | $1,300,000 |
