Backup offers
$10,000 Closing Credit¹
#PW24108094, Jesus Zambrano, Listing Office: The Mantelli Group
#TR25105068·
Listing office: Re/Max Top Producers·
Listing agent: Trinidad Gaeta·
Listing office phone: 626-552-8637
$1,300,000 List price
623 S Downey Rd East Los Angeles, CA 90023
$10,000
Closing credit¹
0.2 acres
Multi-Family
Property details
About 623 S Downey Rd
INVESTMENT OPPORTUNITY – 4-UNIT MULTIFAMILY IN PRIME EAST LOS ANGELES Plus Additional Unpermitted ADU, ready to get fully permitted. Welcome to 621 S. Downey Road — a rare opportunity to own a fully gated 4-unit income property located in the heart of vibrant East Los Angeles, minutes from Downtown LA, Boyle Heights, and major transit corridors. This low-maintenance complex features four spacious units across two separate structures, offering excellent rental upside for investors or owner-users alike. Each unit has its own private entrance and is individually metered for gas, enhancing long-term management efficiency. A gated driveway leads to a covered carport with ample off-street parking and storage potential. The lot layout allows for maximum use of space and privacy, while mature trees line the property for added curb appeal and security. The property benefits from strong rental demand, nearby schools, it is surrounded by local shops, restaurants, and transit lines. This central location is positioned near the 5, 60, and 710 Freeways and ensures quick access across the Greater LA area. Highlights:4 income-producing units with potential for 5th/6th., Gated driveway & secure parking, Fully fenced property with private entries, Excellent rental upside potential, Convenient access to Downtown LA, USC Medical Center, and major freeways, Zoned for continued income use with potential for upgrades or ADU conversion
Highlights
Home typeQuadruplex
HeatingOther
StatusActive
Lot size0.1717 Acres
Year built1924
ParkingDetached Carport, Driveway Level, Driveway, Electric Gate, Paved, Private, RV Potential
MLS #TR25105068
ViewCity Lights, Neighborhood
Summary
- Flooring Type: See Remarks
- Interior: Balcony, Unfurnished, Main Level Primary
- Fireplace: None
- Private Pool: No
- Parking: Detached Carport, Driveway Level, Driveway, Electric Gate, Paved, Private, RV Potential
- View: City Lights, Neighborhood
- Architectural Style: Traditional
- Heating: Other
- List Price: $1,300,000
- Lot: Level, Rectangular Lot
- Directions: 3rd Street Exit off 60Fwy South to 3rd St. then East to Downey Rd. Go South the PIQ on West Side.
- Year Built: 1924
- Stories: 2
- Lot Size: 0.1717 Acres
- MLS Number: TR25105068
- MLS Name: CRMLS
- Office Name: Re/Max Top Producers
- Office Phone: (626) 552-8637
- Listing Agent: Trinidad Gaeta
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/15/2025, 2:20:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,300,000
623 S Downey Rd
$10,000
closing credit¹
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Seller rebate
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
5
Rowan Avenue Elementary School
Public District KG-5
0.4 mi
•600 S Rowan Ave
6
Humphreys Avenue School
Public District KG-5
0.6 mi
•500 S Humphreys Ave
3
Belvedere Elementary School
Public District KG-5
0.6 mi
•3724 E 1st St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $34,811. The most common annual income of people living in East Los Angeles, CA is less than $<35k. The majority of families are married, with kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
50%
<35k
43%
35k-100k
5%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
23%
Single, No Kids
21%
Single, with Kids
17%
Married, No Kids
39%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
11%
12-17 yrs old
28%
18-34 yrs old
34%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
Burlington
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
White Castle
What do the neighbors drive?
Nissan
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 623 S Downey Rd in East Los Angeles, CA and zip code 90023 in the The Eastside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $1,300,000.
In April 2025 more than 395 listings in East Los Angeles, CA were sold above the asking price. During the same period more than 148 listings were sold at asking price, while more than 328 were sold below. Between March and April 2025, East Los Angeles, CA real estate market has seen increase in the number of listings by 10.2%. In April 2025, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $896,516.
From Rocket Homes Real Estate and based on county public records data.