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Off market oct 2015 for $750K

$1,178,448

Est. refi paymentEst. refi $246/mo

•

5 ba

•

4,186

sq ft

721 S Downey Rd, Los Angeles, CA 90023

About this home

HUGE PRICE REDUCTION!! UNIQUE RENTAL INCOME PROPERTY - ONE OF A KIND! THIS IS STANDARD SALE - NO RENT CONTROL! THIS PROPERTY IS LOCATED IN THE UNINCORPORATED CITY OF EAST LOS ANGELES. FOUR LARGE UNITS WITH 2 SEPARATE BUILDINGS. FRONT BUILDING CONSISTS OF 2 UNITS - UPSTAIRS AND DOWNSTAIRS WITH 2 BEDROOMS AND 1 BATHROOM EACH. THE REAR BUILDING HAS A 2 BEDROOM AND 1 BATH UNIT - DOWNSTAIRS - AND A MASSIVE 5 BEDROOMS 2 BATHROOMS UNIT - UPSTAIRS. RENTS ARE LOW DUE TO LONG-TERM TENANTS. GREAT LOCATION, EASY FREEWAY ACCESS TO THE 710, 5 AND THE 60 FREEWAYS. JUST MINUTES AWAY FROM DOWNTOWN LOS ANGELES. 11 BEDROOMS AND 5 BATHROOMS TOTAL WITH 4,186 SQFT IN CONSTRUCTION AND 7,490 LOT SIZE. IF YOU’VE BEEN LOOKING WHERE TO INVEST, THIS IS THE PLACE!

Multi-familyProperty Type

1914Year Built

7,490 sq ftLot Size

$282Est. Price/Sq.Ft.

11 spacesParking

Listed by Tony Lopez •DRE #01752038 • Berkshire Hathaway Hm Ser

Bought with Paul Kelly •DRE #01448981 • Power Brokers International

Redfin checked: 2 minutes ago

•Source:CRMLS #RS14120377

Redfin Estimate

$1,178,448

$428K since sold in October 2015$1,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 38.7% higher than the average sale price ($850K) of 6 comparable homes.

SOLD SEP 10, 2026
$680,000
A
11 beds5 baths3,906 sq ft
3946 E 6th St, Los Angeles, CA 90023
SOLD JUN 16, 2026
$1,130,000
B
9 beds5 baths3,401 sq ft
1017 S Alma, Los Angeles, CA 90023
SOLD APR 20, 2026
$845,000
C
7 beds4 baths2,624 sq ft
3752 E 6th, Los Angeles, CA 90023
SOLD DEC 23, 2025
$589,000
D
8 beds5 baths3,368 sq ft
660 S Eastman, Los Angeles, CA 90023
SOLD MAY 20, 2026
$855,000
E
8 beds5.5 baths4,541 sq ft
127 N Herbert, Los Angeles, CA 90063
SOLD OCT 22, 2026
$1,000,000
F
8 beds5 baths2,969 sq ft
1236-1234 S Arizona Ave, Los Angeles, CA 90022
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Earn from this home

Sell

$658,524

Est. take-home

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Refinance

Est. cash available

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Market trends in Eastside LA, CA

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

100.1%

+0.0% MoM

Median sale price

$740K

$5K MoM

Avg. days on market

62d

0 days MoM

Recently sold homes

172

1 MoM

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Provided by Redfin

Sale history for 721 S Downey Rd

Year

Property tax

Land + Additions

Assessment*

2025

$13,228 (+3.7%)

$538,028 + $358,683

$896,711

2024

$12,753 (+4.5%)

$527,483 + $351,655

$879,138

2023

$12,209 (+4.6%)

$517,141 + $344,760

$861,901

2022

$11,671 (+1.2%)

$507,001 + $338,000

$845,001

2021

$11,530 (−0.7%)

$497,060 + $331,373

$828,433

2020

$11,611 (+3.7%)

$487,314 + $324,876

$812,190

2019

$11,197 (+2.0%)

$482,318 + $321,545

$803,863

2018

$10,976 (+1.1%)

$472,861 + $315,241

$788,102

2017

$10,860 (+2.5%)

$459,000 + $306,000

$765,000

2016

$10,599 (+297.7%)

$459,000 + $306,000

$765,000

2015

$2,665 (−0.6%)

$450,000 + $300,000

$750,000

2014

$2,682 (+1.4%)

$14,371 + $57,576

$71,947

2012

$2,644 (+2.4%)

$14,307 + $57,316

$71,623

2011

$2,581

$14,027 + $56,193

$70,220

2010

$2,581 (+3.2%)

$13,752 + $55,092

$68,844

2009

$2,502 (+3.0%)

$13,650 + $54,681

$68,331

2008

$2,429

$13,683 + $54,811

$68,494

Tax history for 721 S Downey Rd

Year

Property tax

Land + Additions

Assessment*

2025

$13,228 (+3.7%)

$538,028 + $358,683

$896,711

2024

$12,753 (+4.5%)

$527,483 + $351,655

$879,138

2023

$12,209 (+4.6%)

$517,141 + $344,760

$861,901

2022

$11,671 (+1.2%)

$507,001 + $338,000

$845,001

2021

$11,530 (−0.7%)

$497,060 + $331,373

$828,433

2020

$11,611 (+3.7%)

$487,314 + $324,876

$812,190

2019

$11,197 (+2.0%)

$482,318 + $321,545

$803,863

2018

$10,976 (+1.1%)

$472,861 + $315,241

$788,102

2017

$10,860 (+2.5%)

$459,000 + $306,000

$765,000

2016

$10,599 (+297.7%)

$459,000 + $306,000

$765,000

2015

$2,665 (−0.6%)

$450,000 + $300,000

$750,000

2014

$2,682 (+1.4%)

$14,371 + $57,576

$71,947

2012

$2,644 (+2.4%)

$14,307 + $57,316

$71,623

2011

$2,581

$14,027 + $56,193

$70,220

2010

$2,581 (+3.2%)

$13,752 + $55,092

$68,844

2009

$2,502 (+3.0%)

$13,650 + $54,681

$68,331

2008

$2,429

$13,683 + $54,811

$68,494

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

7,486 Sq. Ft.

Year renovated

—

Sq. Ft.

1,740

Year built

1914

Style

Multi-Family (2-4 Unit)

County

Los Angeles County

APN

5236005022

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 6, 2026.

R-3

SETBACK DISTRICTS

GREEN ZONE DISTRICTS

Limited Density Multiple Residence Zone

Residential Zones preserve, protect, and enhance areas for residential land uses in a range of densities; provide for orderly, well-planned, and balanced growth of residential neighborhoods; and ensure adequate light, air, privacy, and open space for each dwelling. These zones also provide for the appropriate location of public and semi-public uses such as schools, parks, and religious facilities that can serve and complement residential uses.

Zone overlays

Green Zone District

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Other

Property details

Parking

Parking / Garage Information
# of Carport Spaces: 4
Assigned
Has Parking
# of Parking Spaces: 11

Interior

Laundry Information
Has Laundry
Outside

Flooring Information
Laminated, Carpet, Tile, Vinyl

Interior Features
Levels: Two

Unit Type 1 Information
Unit Key Numeric: 55548
Listing Key Numeric: 6570021
Actual Rent: $750
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $750
Total # of Units: 1

Unit Type 2 Information
Unit Key Numeric: 55549
Listing Key Numeric: 6570021
Actual Rent: $700
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Total Rent: $700
Total # of Units: 1

Unit Type 3 Information
Listing Key Numeric: 6570021
Unit Key Numeric: 55550
Actual Rent: $900
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $900
Total # of Units: 1

Unit Type 4 Information
Listing Key Numeric: 6570021
Unit Key Numeric: 55551
Actual Rent: $1,500
Area Units: Square Feet
Total # of Baths: 2
Total # of Beds: 5
Furnished: Unfurnished
Total Rent: $1,500
Total # of Units: 1

Expenses
Trash: $2,640
Maintenance: $500
Insurance: $1,330
Water Sewer: $2,760
Electric: $420
New Taxes: $9,375

Multi-Unit Information
Net Operating Income: $28,335
Total Building Area: 4,186
Gross Scheduled Income: $46,200
Gross Income: $3,399
# Of Leased Units: 4
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 2
Vacancy Allowance: 0

Exterior

Exterior Information
Fencing: Chain Link
Construction Materials: Stucco

Exterior Features
Pool Features: None

Lot Information
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre

Property Information
Total # of Units: 4
Common Walls: 1 common wall
Parcel Number: 5236005022
Attached Property
Year Built Source: Assessor

Financial

Lease / Rental Details
Operating Expense: $17,865
Tenant Pays: Cable TV, Electricity, Gas
Total Actual Rent: $3,850

Utilities

Utilities Information
Sewer Available
Water Source: District/Public

Location

Neighborhood Information
Community Features: Sidewalks, Street Lighting

Location Information
Latitude: 34.02576800
Longitude: -118.18045000
Directions: North of Whittier Blvd., South of Hubbard St., East of Bonnie Beach and West of Eastern Ave.

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 1,740
Stories: —
Lot Size: 7,486 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1914
Year Renovated: —
County: Los Angeles County
APN: 5236005022

Home facts updated by county records on Oct 6, 2026

Other

Miscellaneous Information
Exclusions: TENANT OWNED APPLIANCES.

Listing Information
Days Active in MLS: 419
Continuous Days Active in MLS: 419

Listing Agent Information
List Agent First Name: Tony
List Agent Last Name: Lopez

Listing Office Information
List Office Name: Berkshire Hathaway Hm Ser

Selling Agent Information
Buyer Agent First Name: Paul
Buyer Agent Last Name: Kelly

Selling Office Information
Buyer Office Name: Power Brokers International

Around this home

Schools

K - 12
Preschool & daycare

Amanecer Primary Center

Public K-2 • Assigned • 0.3mi

Robert Louis Stevenson Middle School

Public 6-8 • Assigned • 0.7mi

3/10

Hilda L. Solis Learning Academy School Of Technology, Business And Education

Public 9-12 • Assigned • 1.1mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The Los Angeles County market is becoming more balanced, giving buyers a little more room to negotiate while well-priced homes can still attract strong interest. With homes taking longer to sell and buyers becoming more selective, pricing and...
6 days ago • Los Angeles County
Sang Ur
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 95° expected this year, 21 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

5/10 Air Factor

9 unhealthy days expected this year, 9 days in 30 years

Provided by First Street

Historical weather

Los Angeles, CA • 90023

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 6.8 hours in December, placing it above the U.S. average for solar exposure.

9.5 hrs

6.8 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.12M – $1.36M

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Home values near 721 S Downey Rd

Data from public records.

Address	Redfin Estimate
707 South Downey Rd, Los Angeles, CA 1 Beds \| 1 Baths \| 376 Sq. Ft.	—
729 South Downey Rd, Los Angeles, CA 2 Beds \| 1 Baths \| 615 Sq. Ft.	—

Address	Redfin Estimate
711 South Downey Rd, Los Angeles, CA 3 Beds \| 2 Baths \| 1818 Sq. Ft.	$727,012
735 South Downey Rd, Los Angeles, CA 3 Beds \| 1 Baths \| 1416 Sq. Ft.	$559,815

Address	Redfin Estimate
719 South Downey Rd, Los Angeles, CA 3 Beds \| 1 Baths \| 880 Sq. Ft.	$657,887
801 South Downey Rd, Los Angeles, CA 3 Beds \| 1 Baths \| 1787 Sq. Ft.	$619,659

Property information provided by CRMLS when last listed in 2015. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in Eastside LA, CA

Sale history for 721 S Downey Rd

Tax history for 721 S Downey Rd

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 90023

Home values near 721 S Downey Rd

More real estate resources