1355 S Downey, Los Angeles, California 90023, Los Angeles, 90023 - 5 bed, 2 bath
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Los Angeles, California 90023
This property presents a High-Potential Investment Opportunity with a List Price of $849,500—positioned well below the $878,069 Fair Market Value by 3%. This valuation gap offers $28,569 in Instant Equity. Featuring a 5-bedroom layout and a beautifully designed ADU, the home provides significant rental income potential. While the structure carries a Condition Rating of 4, the generous 6,978 sqft lot and proximity to Downtown LA make this an ideal Value-Add Asset for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1355 S Downey Subject | $849,500* List Price | 5 | 2 | 2,364 | $371 | - |
A 1359 S Downey Road Active | $686,000 List Price | 3 | 2 | 1,638 | $419 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The primary residence was built in 1929 (>20 years old) and appears dated from the exterior with older stucco and security bars. While the listing highlights a 'beautifully designed ADU,' the lack of detail regarding renovations to the main house's kitchen, baths, or systems suggests the original structure is functional but requires modern updates and minor repairs.
The inclusion of a beautifully designed ADU provides a significant opportunity for rental income or multi-generational living, adding substantial value and financial flexibility.
Situated just minutes from Downtown Los Angeles, major transit hubs, and the industrial district, this property offers exceptional convenience for commuters and urban professionals.
With 5 bedrooms and over 2,300 square feet of living space on a nearly 7,000 square foot lot, this home offers a rare scale and high bedroom count for the area.
Built in 1929, the property may require significant capital expenditure for updates to aging infrastructure, such as plumbing, electrical, or foundation systems.
The 'back on market' status can often trigger buyer skepticism regarding previous inspection findings or appraisal issues, potentially requiring more transparency during negotiations.
Back on the market! Welcome to 1355 S. Downey Rd, a unique East Los Angeles opportunity featuring a beautifully designed ADU—perfect for extended family, guests, or creating steady rental income. This centrally located property sits just minutes from Downtown LA, shopping, transit, and the bustling industrial district, offering unmatched convenience. Whether you’re an investor or a homeowner looking for flexibility and value, this property delivers space, potential, and location all in one.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,364 | 1,672 |
| Lot Size | 6,978 | 6,067 |
| Price | $849.5K | $1.37M |
| Price per sq ft | $359 | $801 |
| Built year | 1929 | 1939 |
| HOA | $0 | $348 |
| Days on market | 41 | 56 |
Jun 11, 2026
$849,500
Initial Listing
Sep 20, 2017
$399,000
Public Record