1362 South Downey Road, Los Angeles, California 90023, Los Angeles, 90023 - 4 bed, 2 bath
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Los Angeles, California 90023
This Renovated Income-Generating Duplex is listed at $850,000, positioned slightly above the $811,320 Fair Market Value to reflect its turnkey status and high-density configuration. Boasting a Condition Score 2, the property features a fully updated kitchen with stone countertops, new laminate flooring, and remodeled bathrooms. The layout includes a 3-bedroom front unit and a vacant studio, providing immediate rental utility. A detached garage offers a clear path for ADU Conversion, allowing for significant forced appreciation. This property is a strategic acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1362 South Downey Road Subject | $828,000* List Price | 4 | 2 | 1,427 | $566 | - |
A 1433 S Sunol Drive Sold | $635,000 | 2 | 1 | 925 | $686 | 0.1 mi |
B 803 S Rowan Active | $700,000 List Price | 3 | 2 | 1,369 | $511 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
PRICE IMPROVEMENT!!!! 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 2.0 | 1.0 | 61% |
| Square foot | 1,427 | 1,138.5 | 83% |
| Lot Size | 5,303 | 5,075 | 56% |
| Price | $828.0K | $595.0K | 94% |
| Price per sq ft | $580 | $541 | 61% |
| Built year | 1922 | 1918 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 160 | 6% |
Mar 21, 2026
$828,000
$850,000
-3% Price Drop
Initial Listing
Feb 27, 2026
$850,000
Initial Listing