1219 S Downey, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This 4-unit High-Potential Investment Opportunity is listed at $1,249,000, positioned well below the $1,272,743 Fair Market Value by 1.86%. This valuation gap offers $23,743 in Instant Equity. Featuring a 1991 construction with a Condition Rating of 4, the property provides stable, 100% occupied cash flow. The rare 3-bedroom unit mix ensures long-term rental demand, though the limited parking and single-bath layouts suggest room for strategic modernization. This is a stable, income-generating asset ideal for Buy-and-Hold Investors or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1219 S Downey Subject | $1,249,000* List Price | 0 | 0 | 3,728 | $341 | - |
A 4045 Dennison Street Active | $1,299,999 List Price | 0 | 0 | 3,649 | $356 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the property is beyond the 20-year threshold for 'Good' and shows original, dated features. While the listing describes it as well-maintained, the kitchen cabinetry, appliances, and utility areas are aged and require modernization. No major structural defects are visible, but it needs cosmetic updates and minor repairs.
Built in 1991, this property is significantly newer than the average multi-family inventory in East Los Angeles, offering better structural integrity and potentially lower immediate maintenance costs.
The presence of two 3-bedroom units is a significant advantage, as larger units are rare in the rental market and typically attract long-term family tenants and higher rental premiums.
The property is well-maintained, fully gated, and currently 100% occupied, providing an investor with immediate cash flow and proven rental demand in a high-density area.
All units, including the 3-bedroom floor plans, only feature one bathroom, which may limit the rental upside and convenience for larger households.
With only four tandem carport spaces provided for four units, parking is at a minimum, which can be a challenge for tenants in 3-bedroom units who often possess multiple vehicles.
Well maintained 4 unit income property located in East Los Angeles featuring strong rental stability with all units currently occupied. Built in 1991, this two story building offers a desirable unit mix of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units, providing consistent demand and functional layouts for tenants. The property is fully gated and includes four tandem carport parking spaces, with one space assigned per unit, along with additional street parking options. Units are spacious and well-maintained, offering practice living spaces in a high demand rental area. Conveniently located near major streets, public transportation, popular local dining, shopping, schools, and freeway access, this property offers strong long term rental appeal. A solid opportunity with dependable income and upside potential in a well established East Los Angeles location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,728 | 2,250 |
| Lot Size | 6,271 | 5,864 |
| Price | $1.25M | $826.7K |
| Price per sq ft | $335 | $395 |
| Built year | 1991 | 1925 |
| HOA | $0 | $0 |
| Days on market | 34 | 83 |
Jun 18, 2026
$1,249,000
Initial Listing
Jul 24, 2013
$625,000
Public Record
Aug 30, 2000
$280,000
Public Record