Metropolitan South (C37) Homes with Three Or More Levels Stories

Welcome to the vibrant heart of the Metropolitan South region in Los Angeles County, California, where urban sophistication meets suburban charm. This dynamic area is a mosaic of diverse neighborhoods, each offering its unique flair, making it an ideal destination for homebuyers seeking a community that truly embodies the essence of Southern California living.

In the Metropolitan South, you’ll discover a stunning array of homes, particularly those with three or more stories that provide ample space and breathtaking views. These multi-level residences are designed for modern living, offering expansive layouts that cater to families and individuals alike. Imagine waking up in a master suite on the top floor, with sweeping vistas of the iconic Los Angeles skyline or the serene mountains beyond. With multiple levels, these homes provide not just space, but also privacy and versatility, perfect for entertaining guests or creating a dedicated workspace.

Beyond the homes themselves, the Metropolitan South region boasts a rich tapestry of amenities. Residents enjoy access to vibrant shopping districts, eclectic dining options, and lush parks, perfect for outdoor enthusiasts and families. The area is well-connected by public transportation and major freeways, making commuting a breeze and allowing you to explore all that Los Angeles has to offer.

Whether you’re drawn to the bustling energy of downtown or the tranquil charm of nearby neighborhoods, the Metropolitan South region is a place where you can truly thrive. Discover your dream home in this captivating area and experience the best of Los Angeles living!

Newest Metropolitan South (C37) Homes with Three Or More Levels Stories

$3,600,000

OC26174561 MLS ⋅ Active Status

Built in 2024, 127-133 E. 88th Street is a turnkey 10-unit multifamily asset in South Los Angeles featuring eight four-bedroom residences and two JR ADUs. Unlike a typical value-add acquisition, this turnkey asset offers modern finishes, efficient new construction, and minimal near-term capital improvement requirements. The property consists of four residential buildings with eight spacious four-bedroom residences and two JR ADUs, providing a diverse mix of income streams within a single asset. Large, family-oriented floor plans, private entrances, multiple bathrooms, and extensive on-site parking create a highly rentable configuration designed to support durable tenant demand. Covered carports, landscaped areas, and dedicated utility and storage space further enhance the property’s functionality and tenant appeal. Located approximately eight miles south of Downtown Los Angeles, with convenient access to the I-110 and I-105 freeways, the property is well positioned near major employment centers, schools, shopping, and neighborhood services. With 10 income-producing units, low-maintenance construction, and strong long-term rental potential, this E. 88th Street property offers investors an attractive combination of immediate cash flow and long-term appreciation.

127 133 E 88th, Los Angeles

$2,800,000

12 Beds ⋅ 12 Baths ⋅ 26843201 MLS ⋅ Active Status

We are pleased to present 142 East 84th Street, a brandnew,12-unit 100% affordable multifamily asset located in South Los Angeles, offered at $2,800,000 ($233,333/unit | $475/SF). Being brought out to market vacant, the property consists entirely of one-bedroom/one-bath units across three stories on a 5,199 SF lot and requires no deferred maintenance or capital investment. The asset is subject to a recorded Rental Covenant Agreement Running with the Land administered by the Los Angeles Housing Department under the City's TOC Tier 2 Affordable Housing Incentive Program, restricting all 12 units as deed-restricted affordable for a 55-yearterm from Certificate of Occupancy. The covenant structure functions a s along-term, government-supported income guarantee, delivering a current caprate of 7.69% and NOI of $215,402, with a pro forma cap rate of 8.45% and NOI of $236,651 as rents adjust to prevailing AMI levels. The covenant is fully assumable and transferable, with a straightforward LAHD assignment process required at close of escrow. The property is ideally situated within the 90003 zip code of South Los Angeles, a densely populated and fundamentally supply-constrained submarket. With over64,000 residents within one mile, an average household size of 3.6 persons, and a renter-occupied housing rate exceeding 74% within a three-mile radius, the submarket presents persistent and deep demand for quality affordable housing. The surrounding area benefits from proximity to major employment centers including SpaceX, Nike, LADWP, Charles R. Drew University of Medicine, and the broader LA Metro network, driving a stable and consistent renter base across economic cycles. Median household income within one mile is approximately$51,000; well within the qualifying thresholds for Low Income restricted tenancy and further supporting strong occupancy fundamentals. For impact investors, CDFIs, affordable housing operators, and mission-aligned capital seeking predictable, low-volatility income with 55-year hold certainty, 142 East 84th Street represents a rare, turnkey opportunity into Los Angeles's regulated affordable housing market at a competitive basis relative to comparable new-construction product trading in the immediate submarket.

142 E 84th 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.