21 days on rocket

1219 S Downey Rd, Los Angeles, CA, 90023

$1,450,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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1219 S Downey Rd, Los Angeles$1,450,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingCarport
Year Built1991
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #GD24240093
Lot Size0.14 Acres
StatusActive

About 1219 S Downey Rd

Great Income Property in East Los Angeles, with No LA City Rent Control! Newer building, built in 1991. Quadruplex/4 Unit 2-Story Building. 2 Units are 3 Bedrooms, 1 Bathroom. 2 Units are 2 Bedrooms 1 Bathroom. Main level has 1–2-bedroom unit and 1–3-bedroom unit. Second level has the identical layout. Hard to find in a 4-unit building. There is a car port in the back of the building with 4 tandem parking spots, each unit has a tandem spot, with additional street parking. The entire building is gated. Spacious units with tons of potential. Perfect for a first-time buyer, or for an investment. Live in one unit and rent out the others to help cover the monthly mortgage. Freshly painted outside. Excellent location, next to restaurants-the very popular King Taco, near public transportation, stores. schools and easy freeway access.

Property Details

Property Features

Property Information:

  • Year Built: 1991
  • Stories: 2

Listing Office:

  • Office Name: Arroyo Seco Realty Corp.
  • Office Phone: (323) 559-1785
  • Listing Agent: Jeffrey Hutchens

Interior Features

Interior Information:

  • Flooring Type: Carpet, Tile
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Carport

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: From Olympic Blvd, Turn onto S. Downey Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,450,000

Tax Information:

  • Annual Amount: $9,987
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1219 S Downey Rd vs Los Angeles

21 DAYS ON ROCKET

-17 Days

$1,450,000

+$428.4K More

KEY TAKEAWAY

This property is $428.4K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #GD24240093

Listing Office:

  • Office Name: Arroyo Seco Realty Corp.
  • Office Phone: (323) 559-1785
  • Listing Agent: Jeffrey Hutchens

IDX 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: 12/18/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 24, 2013Home Sold
$625,000
Aug 30, 2000Home Sold
$280,000
Jun 18, 1991Home Sold
$96,818
Jan 26, 1990Home Sold
$82,500

Tax History

YEARPROP. TAXASSESSMENT
2021$9,987$707,810
2020$9,700$700,553
2019$9,528$686,818
2018$9,355$673,352
2017$9,355$660,150

History based on county public records data.

Payment Calculator

$7,304

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,414

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4391874
4
/10

  • Eastman Elementary

  • 4112 E Olympic Blvd

  • 0.31 miles

  • Public District Grades KG-5

school-card-donut-4391875
3
/10

  • Ford Boulevard Elementary School

  • 1112 S Ford Blvd

  • 0.48 miles

  • Public District Grades KG-5

school-card-donut-4391876
5
/10

  • Rowan Avenue Elementary School

  • 600 S Rowan Ave

  • 0.79 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,188. The most common annual income of people living in Los Angeles, CA is less than $35k. Typical family type is married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90023›1219 S Downey Rd

This home is located at 1219 S Downey Rd in Los Angeles, CA and zip code 90023 in the The Eastside neighborhood. This home, which was built in 1991, sits on a 0.14 acre lot. It has been listed on Rocket Homes since November 26, 2024 and is currently priced at $1,450,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024 median list price was $1,021,532 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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