1359 S Downey Road, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath
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Los Angeles, California 90023
This property presents a High-Potential Investment Opportunity with a List Price of $686,000—positioned well below the $717,589 Fair Market Value by 4%. This valuation gap offers $31,589 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant infrastructure modernization, yet the 1,638 sqft floor plan and 6,815 sqft lot provide excellent upside. This is a strategic acquisition for Fix-and-Flip Investors or first-time buyers seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1359 S Downey Road Subject | $686,000* List Price | 3 | 2 | 1,638 | $438 | - |
A 817 S Rowan Street Pending | $525,000 List Price | 3 | 1 | 1,440 | $365 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1929 and held by the same owner since 1958, the property is significantly dated and likely lacks modern system updates. Visible window AC units indicate no central HVAC, and the interior shows aged hardwood, worn plaster, and older windows, suggesting a need for a full rehab of the kitchen, bathrooms, and electrical/plumbing systems.
The 1,638 sqft floor plan is exceptionally functional, featuring two living rooms and a flexible bonus room that can serve as a fourth bedroom, office, or gym to suit various lifestyle needs.
Situated with immediate access to the 5 and 710 freeways and minutes from Downtown Los Angeles, this property offers a prime location for professionals seeking a central urban hub.
The property sits on a substantial 6,815 sqft lot with an expansive driveway that accommodates multiple vehicles, a highly desirable and rare convenience in this high-density area.
As the property has not been on the market since 1958, it likely requires significant cosmetic and infrastructure updates to align with contemporary aesthetic and efficiency standards.
Built in 1929, the home may have aging systems such as plumbing, electrical, or foundation elements typical of the era that could necessitate immediate capital improvement.
Discover this charming fixer-Upper with Endless Potential! Don't miss the opportunity to bring your vision to life! Welcome to your canvas for creativity! 3-bedroom, 2-bathroom home nestled in the heart of East Los Angeles. This property, a hidden gem that hasn't been on market since 1958, boasts an expansive floor plan featuring two inviting living rooms and a spacious kitchen with dining area, perfect for family gatherings. Inside laundry area. With a versatile bonus room that can easily serve as an additional bedroom, office, mancave, playroom, or gym, this home adapts to your lifestyle. The ample size driveway accommodates multiple vehicles, offering convenience for families and guests alike. Enjoy the prime location, minutes from major freeways 5 & 710, downtown LA, shopping centers, and schools. This combines comfort, space, and accessibility, making it an ideal opportunity for the first-time buyers or investors. Don't miss you chance to make this charming residence your own! Schedule a showing today!
No exterior & parking available.
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| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,638 | 1,672 |
| Lot Size | 6,815 | 6,067 |
| Price | $686.0K | $1.37M |
| Price per sq ft | $419 | $801 |
| Built year | 1929 | 1939 |
| HOA | $0 | $348 |
| Days on market | 32 | 56 |
Jun 20, 2026
$686,000
Initial Listing