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
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
Property Details
Price:
$1,300,000
MLS #:
TR25105068
Status:
Active
Baths:
0
Address:
623 S Downey Road
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
elaeastlosangeles
City:
East Los Angeles
Listed Date:
May 11, 2025
State:
CA
ZIP:
90023
Lot Size:
7,481 sqft / 0.17 acres (approx)
Year Built:
1924
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Schools
Interior
Accessibility Features
Parking, See Remarks
Appliances
None
Fireplace Features
None
Flooring
See Remarks
Heating
See Remarks
Interior Features
Balcony, Unfurnished
Window Features
Wood Frames
Exterior
Community Features
Curbs, Sidewalks, Street Lights, Urban
Electric
Standard
Fencing
Wrought Iron
Foundation Details
Combination, Slab
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre, Rectangular Lot, Level, Yard
Parking Features
Auto Driveway Gate, Detached Carport, Driveway, Paved, Driveway Level, Private, R V Potential
Parking Spots
8.00
Pool Features
None
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Sewer Assessments
Spa Features
See Remarks
Stories Total
2
View
City Lights, Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address623 S Downey Road East Los Angeles CA
- AreaELA – East Los Angeles
- CityEast Los Angeles
- CountyLos Angeles
- Zip Code90023
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623 S Downey Road
East Los Angeles, CA
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