1362 South Downey Road, Los Angeles, California 90023, Los Angeles, 90023 - 4 bed, 2 bath
1362 South Downey Road
Los Angeles, California 90023
Property Price
SUMMARY
Analysis of 1362 South Downey Road, Los Angeles, California 90023 reveals a property with a current list price of $850,000, which is 4% above the estimated $811,320 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1362 South Downey Road Subject | $850,000* List Price | 4 | 2 | 1,427 | $569 | - |
A 1433 S Sunol Drive Sold | $635,000 | 2 | 1 | 925 | $686 | 0.1 mi |
B 1276 S Townsend Avenue Sold | $799,999 | 3 | 2 | 1,600 | $500 | 0.5 mi |
C 803 S Rowan Active Under Contract | $700,000 List Price | 3 | 2 | 1,369 | $511 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1922, the property has undergone an extensive recent renovation that meets modern standards. The interior features a fully updated kitchen with new shaker-style cabinetry, stone countertops, and stainless steel appliances. Bathrooms have been completely remodeled with contemporary tile work and new vanities. The home includes new laminate flooring, recessed lighting, updated windows, and fresh paint throughout, showing no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Duplex Layout
The property is currently configured as a duplex with a 3-bedroom front unit and a vacant studio, offering immediate rental income potential or a flexible house-hacking opportunity for owner-occupants.
- ADU Conversion Potential
The detached garage provides a clear path for a third living unit conversion, allowing the owner to further maximize the property's density, cash flow, and overall market value.
- Strategic Commuter Location
Situated in the Boyle Heights area with close proximity to Downtown Los Angeles and major freeways, the property is ideally positioned to attract a large pool of urban professionals and renters.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1427, other record living area = 860. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Significant Square Footage Discrepancy
There is a substantial gap between the tax records (860 sq ft) and the recent appraisal (1,427 sq ft), which may complicate the financing process and requires thorough due diligence regarding permits.
- Tenant Occupancy Constraints
With the front unit currently leased on a month-to-month basis, buyers looking for immediate full possession will need to navigate existing tenant rights and potential relocation timelines.
About 1362 South Downey Road
Great investment opportunity, recently remodeled property currently serves as a duplex. Front unit is 3 bedrooms and 1 bath with washer/dryer hook up. Currently leased on a month-to-month contract. Attached unit, vacant, is a studio with its own bathroom and washer/dryer unit. Detached garage, ready for new owner to convert to a living unit. Tremendous opportunity in a great area, close to freeways and downtown LA. To owners knowledge all work, remodel was done by licensed contractor. Tax records show as 860 sq ft, currently 1427 sq ft per recent appraisal. Buyers to perform their inspections and due diligence.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 5,303 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 2.0 | 1.0 | 57% |
| Square foot | 1,427 | 1,104 | 76% |
| Lot Size | 5,303 | 5,006 | 52% |
| Price | $850.0K | $635.0K | 86% |
| Price per sq ft | $596 | $543 | 62% |
| Built year | 1922 | 1922 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 200 | 5% |
Pricing History
Listed for Sale
Feb 27, 2026
$850,000
Initial Listing