623 S Downey RD East Los Angeles, CA 90023
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR25105068
Construction Status Additions/Alterations,Fixer
HOA Y/N No
Year Built 1924
Lot Size 7,479 Sqft
Property Sub-Type Quadruplex
Property Description
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
Location
State CA
County Los Angeles
Area Ela - East Los Angeles
Zoning LCR4*
Rooms
Other Rooms Guest House Detached
Interior
Interior Features Balcony, Unfurnished, Main Level Primary
Heating See Remarks
Flooring See Remarks
Fireplaces Type None
Fireplace No
Laundry Outside
Exterior
Parking Features Detached Carport, Driveway Level, Driveway, Electric Gate, Paved, Private, RV Potential
Carport Spaces 4
Fence Wrought Iron
Pool None
Community Features Curbs, Street Lights, Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View City Lights, Neighborhood
Roof Type Composition
Accessibility Parking, See Remarks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Level, Rectangular Lot, Yard
Story 2
Entry Level Two
Foundation Combination, Slab
Sewer Sewer Assessment(s)
Water Public
Architectural Style Traditional
Level or Stories Two
Additional Building Guest House Detached
New Construction No
Construction Status Additions/Alterations,Fixer
Others
Senior Community No
Tax ID 5236004005
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
