1362 South Downey Road
Los Angeles, CA, 90023
$828,000
MLS: PW26034473
Beds
4
Baths
2
Sq Ft
1,427
Lot
0.12 ac
Year Built
1922
MLS #
PW26034473
Days on Market
21
Listed
Feb 27, 2026
Description
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.
Location
Los Angeles, Los Angeles County, CA 90023
Open on Google Maps ↗Listed by: Louis Camarena · THE brokeredge
Payment estimate
$6,052
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $82,800 · Loan: $745,200
- Principal & Interest
- $4,579
- Property tax (1.25%)
- $863
- Homeowners insurance
- $300
- Mortgage insurance
- $311
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $28,980 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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