Downtown L.A. (C42) Homes with Two Levels Stories

Welcome to Downtown Los Angeles (C42), a vibrant urban hub where the pulse of the city beats with energy, culture, and opportunity. Nestled in the heart of Los Angeles County, this dynamic neighborhood is a melting pot of art, entertainment, and culinary delights, making it one of the most sought-after locations for homebuyers and investors alike.

Downtown L.A. is renowned for its stunning skyline, featuring iconic buildings that tell the story of the city’s rich history and rapid evolution. From the historic Bradbury Building to the modern Walt Disney Concert Hall, the architectural diversity here is nothing short of breathtaking. Residents enjoy a lifestyle that blends the excitement of city living with the comforts of home, all within walking distance to trendy boutiques, world-class restaurants, and vibrant nightlife.

One of the standout features of homes in this area is the availability of two-level stories. These multi-level residences offer an ideal blend of space and privacy, perfect for families, professionals, or anyone looking to entertain. With ample room for creativity, homeowners can design their living spaces to reflect their unique styles, whether it’s a cozy reading nook on the upper level or an expansive open-concept living area on the main floor.

Living in Downtown L.A. means you’re never far from the action, yet you can retreat to your two-story sanctuary at the end of the day. Experience the best of both worlds in a community that is constantly evolving while retaining its distinctive charm. Discover your dream home in Downtown L.A. today, where urban living meets unparalleled convenience!

Newest Downtown L.A. (C42) Homes with Two Levels Stories

$875,000

8 Beds ⋅ 4 Baths ⋅ 26985825 MLS ⋅ Active Status

Fantastic Fourplex with four 2-bd, 1 ba apartments for OWNER/USER OR INVESTOR. Bring your first time buyers, FHA, and VA Buyers for this opportunity to move into the one vacant unit (Unit #3) that is already fully remodeled for the new owner. The other three units are already rented/occupied bringing in $5,205/mo in rent that could cover the buyer's mortgage! Or just rent out the vacant unit bringing the total income to approximately $7,500/mo. Great investor opportunity!!! Unlock approximately 20% upside potential in rental income. This fourplex moneymaker in the heart of Los Angeles comes with four 2-bedroom, 1 bath apartments two garage spaces and 4 additional parking spaces on site. Potential to build 2 ADU's; Buyer to verify. Minutes away from DTLA, USC & 105,110 & 10 freeways. Centrally located to Restaurants, Entertainment, and public transportation. This property is great to add to your investment portfolio!

315 W 65th Street, Los Angeles

$975,000

5 Beds ⋅ 2 Baths ⋅ 26985373 MLS ⋅ Active Status

First time on the market in over 20 years! Owned and enjoyed by the same family for over two decades, this rare investment opportunity is ideally located in the highly sought-after University Park neighborhood, just moments from USC. Built in 1903, this residence offers approximately 2,001 sq ft of living space on a 5,930 sq ft lot and is currently configured and used by the current owners as a 5-bedroom, 2-bath income-producing property. The property is currently tenant occupied and will be delivered vacant at the close of escrow. Spacious backyard offers potential for future projects, including a possible ADU or other improvements, subject to buyer verification and applicable approvals. Property is recorded as a single-family residence. Detached garage currently provides additional bonus space; buyer to verify permits, legal use, and all applicable approvals. Buyer to investigate all aspects of the property, including but not limited to permits, current use, rental income, square footage, zoning, development potential, and satisfy themselves through their own due diligence. Ideally located in University Park, one of Los Angeles's most established neighborhoods surrounding USC, with convenient access to Exposition Park, BMO Stadium, Downtown Los Angeles, restaurants, shopping, entertainment, and public transportation. An exceptional opportunity in one of Los Angeles's most desirable investment corridors.

1030 W 20th Street, Los Angeles

$1,225,000

PW26196197 MLS ⋅ Active Status

Four large 2-bedroom, 1-bathroom units in a 1985 built building, the kind of floor plan that keeps tenants in place for decades and rarely comes to market in this pocket of Los Angeles. One unit is delivered vacant and fully remodeled, giving an owner-occupant the option to move in immediately or an investor the ability to reset that unit to full market rent on day one. Because the property was built in 1985, it is exempt from the Los Angeles Rent Stabilization Ordinance. Rents are governed instead by the state's Tenant Protection Act, which currently permits annual increases of up to 8.7% in the Los Angeles metro area (subject to annual adjustment), nearly three times what an RSO building allows. In-place rents are already strong, but every occupied unit still sits below the vacant unit's market rate, so the next owner inherits both durable current income and a clear, legal path to raise it. The building is turnkey. New roof, well maintained, and off-street parking already in place for tenants with room to add more. Offered at a 9.91 GRM on current income, or roughly 8.77 GRM once all four units reach market. Directly across from Trinity Park and minutes from USC, Downtown, and the 110, the location draws from one of the deepest and most consistent tenant pools in the city.

427 E 25th Street, Los Angeles

$1,000,000

8 Beds ⋅ 8 Baths ⋅ 26969467 MLS ⋅ Active Status

We are pleased to present 1433 E 61st Street, an 8 unit multifamily investment opportunity in South Los Angeles. The property sits on a 6,957 square foot lot with 4,456 square feet of gross building area and was originally constructed in 1957.The building is configured entirely as 1 Bedroom + 1 Bathroom units, offering a uniform, easy to manage unit mix with consistent tenant appeal. The building consists of a two story, wood frame structure with gas and electricity separately metered by unit, allowing utility expenses to be passed through to tenants and simplifying ownership. The property offers 7 open parking spaces located at the rear of the building, a meaningful amenity for tenants and a point of differentiation in the submarket. Interior unit features include vinyl plank flooring in the living room, tile flooring in the kitchen, and a wall heater. Bathrooms have been improved with new tile surround at the tub and a new vanity, while kitchens remain in original condition, presenting a clear value add opportunity for a future ownership group. At a purchase price of $1,000,000 ($125,000 per unit), the offering reflects a 7.69% current cap rate and a 7.30 GRM. With approximately 18.07% rental upside to market, an investor can achieve a pro forma cap rate of 9.93% and a 6.18 GRM through targeted renovation and lease up to market rents. This presents a rare opportunity to acquire a stabilized, income producing asset in South Los Angeles with straightforward value add potential through kitchen renovations and rent growth to market levels.

1433 E 61st Street, Los Angeles

$990,000

4 Beds ⋅ 2 Baths ⋅ 26947227 MLS ⋅ Active Status

Prime investment and development opportunity located in the heart of Los Angeles' vibrant Pico-Union neighborhood. Featuring a historical 1903-built structure spanning approximately 2,775 sq. ft. on a generous 7,502 sq. ft. lot, and one common kitchen and two(2) bathrooms, this property offers incredible upside potential. Conveniently situated just minutes from Downtown LA and Koreatown, with easy access to major freeways and urban amenities. Bring your vision to this high-demand, centrally located pocket! Buyer/Agent to verify all information herein. Seller and brokers make no representations or warranties as to accuracy.

1020 S Westlake Avenue, Los Angeles

$699,999

HD26191623 MLS ⋅ Active Status

A versatile South LA property offering strong potential for both homeowners and investors. The home features a functional layout with ample room to personalize, along with a usable lot that supports future improvements or added value. Located near major transit routes, schools, and employment centers, this property sits in a high-demand area known for consistent rental activity and long-term growth. With solid fundamentals and flexible possibilities, it presents an excellent opportunity for those looking to build equity or expand their portfolio.

632 E 45th, Los Angeles

$4,050,000

18 Beds ⋅ 14 Baths ⋅ 26925555 MLS ⋅ Active Status

Huge ~750k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 7% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.75% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.

161 S Burlington Avenue, Los Angeles

$3,000,000

SR26188226 MLS ⋅ Active Status

Rare opportunity to acquire a well-maintained 20-unit multifamily property offering significant capital improvements and an attractive unit configuration in a highly accessible Los Angeles location. The property features 20 individual single units, with each unit having its own separate, enclosed kitchen room. The property has benefited from substantial infrastructure improvements, providing an investor with the advantage of major building components having already been addressed. Improvements include a complete re-roof, extensive electrical upgrades, new plumbing, updated meter boxes, and newer mechanical components. The electrical system has been extensively upgraded with wiring from the electrical meters to each individual unit, along with electrical meter boxes. The property also features separate electric and gas meters, providing individual utility metering for the units. Plumbing has likewise been significantly improved, with copper plumbing from the meters serving the individual units. The property is equipped with a newer gas water heater and recirculating pump, providing efficient distribution of hot water throughout the building. Security and life-safety features include exterior security cameras and a monitored fire alarm system, providing additional oversight and safety for the property and its residents. Adding to the property's functionality is a large approximately 14' x 38' basement area. This expansive space offers valuable flexibility and may provide potential for laundry facilities, tenant storage, building storage, or other permitted uses, subject to buyer verification and applicable city requirements. The property's location is another significant advantage. Situated with convenient access to Downtown Los Angeles, USC, the Los Angeles Convention Center, Metro rail, and the 110 Freeway, residents benefit from proximity to major employment centers, educational institutions, entertainment, sporting and convention venues, public transportation, and the many amenities of central Los Angeles. For investors, the combination of 20 units, separate enclosed kitchen rooms, separately metered utilities, extensive electrical and plumbing upgrades, complete re-roofing, newer water-heating equipment, security cameras, monitored fire protection, and additional basement space creates an appealing multifamily investment opportunity.

331 W 45th Street, Los Angeles

$3,995,000

20 Baths ⋅ 26924643 MLS ⋅ Active Status

Huge 500k Price Reduction! Renovated 20-unit apartment building cash flowing at an amazing Current 9% Cap Rate from day 1! Fully Approved RTI plans to add 4 attached ADUs to achieve a remarkable 11% Cap Rate after taking into account all constructions costs (~322k assuming $350/SF). The property features 20 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Almost every single unit (95%) has been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers an on-site laundry room, which could be re-opened to generate additional income. Located in the heart of Westlake, just steps away from trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime urban corridor.

1344 W 4th Street, Los Angeles

$999,900

4 Beds ⋅ 4 Baths ⋅ 26894629 MLS ⋅ Active Status

Prime USC / Exposition Park Fourplex Income property in a highly desirable location near USC, Exposition Park, the Coliseum, BMO Stadium, and major cultural landmarks. The four-unit, approx. 3,672 sqft building on a 6,004 sqft lot offers strong long term appeal with easy access to the Metro E Line, 110 Freeway, and Downtown LA. Ideal for investors seeking multifamily income, USC oriented housing, or future value add potential. A rare opportunity to own a fourplex in one of LA's most high demand corridors.

4207 S Flower Street, Los Angeles

$799,000

2 Beds ⋅ 2 Baths ⋅ TR26157630 MLS ⋅ Active Status

Welcome to the luxury condominium community, MURA ideally situated between the vibrant Arts District and Historic Little Tokyo in Downtown Los Angeles. 1 bedroom and bath downstairs, 1 bedroom suite upstairs, high ceilings, this sought-after residential community offers the perfect blend of urban convenience, modern amenities, and resort-style living, placing residents just moments from some of the city's best dining, shopping, entertainment, and cultural attractions. Residents enjoy beautifully landscaped courtyards with serene fountains, a resort-style swimming pool and spa with Downtown views, an outdoor fireplace, built-in barbecue areas, a private recreation courtyard, a state-of-the-art fitness center, and secured resident parking. There's 24-hour security, excellent reception, Located in the heart of Downtown Los Angeles, the community offers convenient access to renowned destinations including the Walt Disney Concert Hall, Ahmanson Theatre, Dorothy Chandler Pavilion, Mark Taper Forum, Crypto.com Arena, Grand Central Market, Olvera Street, Little Tokyo, and the Arts District. Nearby recreation and wellness options include Pershing Square, trendy restaurants and shopping, and numerous parks, galleries, and entertainment venues. Commuting is effortless with close proximity to Metro Rail, DASH, Metrolink, Amtrak, Union Station, and major freeways, providing convenient access throughout Southern California. Featuring upscale finishes: granite kitchens counters, European-style cabinetry, stainless steel built in appliances, electronic blinds for windows, porcelain tile flooring, central heating and air conditioning, stackable washer and dryer laundry closet, and views. Offering an exceptional combination of location, amenities, and lifestyle, this Downtown Los Angeles community presents an outstanding opportunity to enjoy sophisticated urban living in one of the city's most desirable neighborhoods.

629 Traction Unit 403, Los Angeles

$899,000

P1-28621 MLS ⋅ Active Status

Historic Craftsman with Multiple Living Spaces & R3 ZoningEnter into a piece of history with this charming Craftsman, originally built in 1905 and lovingly owned by the same family for 85 years. Full of character and opportunity, this unique property offers a front residence plus a separately built rear home with additional living space and two large yard areas.The inviting front house features 2 bedrooms, 1 bathroom, and an additional office just off the entry that was previously used as a bedroom. The spacious living room is filled with natural light and features beautiful windows and a classic pocket door leading to the formal dining room. The dining room offers excellent natural light, new windows, and a built-in glass-front cabinet.The updated kitchen features new cabinetry, flooring, and a large pantry area. A convenient service porch includes a washer/dryer and a new soaking sink. Outside, the expansive rear yard has provided the perfect setting for gatherings and entertaining, with plenty of room to enjoy and personalize.Built by the family in 1947, the rear home offers additional versatility. The upstairs unit features 1 bedroom, 1 bathroom, a kitchen, and living room. The downstairs studio is not permitted and includes a full bathroom. An additional yard area is located behind the rear house.The property is zoned R3 and features numerous recent improvements, including some electrical and plumbing upgrades, new flooring in both homes, nine new windows and new doors in the front house, a new bathroom vanity, and fresh interior paint throughout both homes.With its historic charm, multiple living spaces, generous outdoor areas, three fruit trees, and R3 zoning, this property offers a variety of possibilities for homeowners, extended families, or investors. A special property with a long family history--ready for its next chapter.

655 E 50th Street, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.