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

Welcome to the vibrant heart of Downtown Los Angeles (C42), where urban sophistication meets cultural richness. Nestled in the bustling city of Los Angeles, this dynamic region is a hub of creativity, commerce, and community. With its iconic skyline punctuated by stunning high-rises and historic buildings, Downtown L.A. offers a unique blend of modern living and classic charm that captivates residents and visitors alike.

One of the standout features of this area is the availability of exquisite two-level homes. These multi-story residences provide the perfect canvas for those seeking a spacious and stylish living environment. Imagine waking up in a beautifully designed loft or townhouse, where the open-concept layout allows for seamless flow between living, dining, and entertaining spaces. The two-level design not only maximizes square footage but also creates a sense of privacy, with bedrooms often situated on the upper level, away from the hustle and bustle of daily life.

Living in Downtown L.A. means embracing an active lifestyle, with an array of world-class dining, shopping, and entertainment options right at your doorstep. Explore the eclectic arts scene, indulge in culinary delights from gourmet restaurants, or enjoy a leisurely stroll through historic streets lined with cafes and boutiques. Plus, with easy access to public transportation and major freeways, commuting to other parts of Los Angeles is a breeze.

Whether you’re a young professional, a growing family, or a creative soul, Downtown L.A. offers a vibrant lifestyle that’s hard to resist. Discover your dream two-level home in this exciting urban oasis today!

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

$949,000

11 Beds ⋅ 5 Baths ⋅ 26102135 MLS ⋅ Active Status

We are proud to present 6910 Main St, a 5-unit multifamily property located in Los Angeles offered at an 8.73 GRM and 7.69% CAP on actual income. This property consists of a detached, single-story home in the front and a 2-story 4-unit building in the rear consisting of a total of 3,542 rentable square feet. Built in 1922, the property sits on a sizable 10,167 square foot LAC2-zoned midblock that is fully parked with uncovered driveway parking with excess land that may continue to serve as parking and/or for future ADU(s). The unit mix features one (1) three-bedroom one-bathroom unit in the front house and four (4) two-bedroom one-bathroom units in the rear 4 unit. Three out of five units (all two-bedrooms units) have been renovated. Located off of Main St and W 70th St nearby Bethune Middle School just two blocks east of the 110 freeway nearby numerous transit stops, this location offers excellent access to Downtown Los Angeles and neighboring communities such as Inglewood, Gardena, Crenshaw, Huntington Park, Lynwood and more. Contact the listing broker for additional information.

6910 S Main Street, Los Angeles

$925,000

PW26221449 MLS ⋅ Active Status

3 BEDROOM 2 BATH UNIT VACANT AT COE, offering a new owner the opportunity to OWNER OCCUPY the unit or lease it while benefiting from income generated by the remaining units. Including the pro forma rent for the vacant 3-bedroom unit, the property generates just under $7,000 in monthly rental income. 134 E 31st Street is a 4-unit multifamily opportunity featuring a unit mix of (1) 3+2, (2) 2+1, and (1) 1+1. The remaining units are occupied by long-term tenants, providing dependable in-place income and stability from day one. This creates an attractive balance of reliable current cash flow, immediate lease-up potential, and long-term rental upside as units turn over over time. Located just east of USC and Exposition Park, the property benefits from proximity to Downtown Los Angeles, major employment centers, transit, the LA Memorial Coliseum, BMO Stadium, the California Science Center, and other major destinations. Its central location, established tenancy, and immediate vacancy make 134 E 31st Street a compelling opportunity for both investors and owner-users seeking long-term value in Los Angeles.

134 E 31st Street, Los Angeles

$1,650,000

16 Beds ⋅ 8 Baths ⋅ 26999373 MLS ⋅ Active Status

6701 S San Pedro is an eight-unit apartment complex located in South Los Angeles, near Gage and east of the110 freeway. The building has an excellent unit mix of (2) 4 bedroom - 2 bath units, (2) 4 bedroom -1.5 bath units, (3) 3bedroom 1.5 bath units and 1-3 bedroom 1 bath unit. The complex is huge, boasting 10,670 square feet for an average of over 1,300 square feet per unit. The structure is situated on a corner lot and contains 7,040 square feet. Tenants will appreciate the large parking area behind the apartments. The building is in good condition, shows well and stands out in the area. Currently, the property is producing $13,845 per month. However, because the rents are substantially below market, this property has a market GRM of 6.03 and a market CAP of 12.67%. This is outstanding opportunity for an investor that understands how to utilize strategies to get the rents to market and enjoy double digit returns

6701 S San Pedro Street, Los Angeles

$1,475,000

12 Beds ⋅ 12 Baths ⋅ 26999237 MLS ⋅ Active Status

Situated in the highly desirable Pico-Union submarket of Central Los Angeles, these multi-family assets at 924-930 S Grand View Street present a compelling investment opportunity characterized by strong urban infill fundamentals and enduring rental demand. Built in 1941, the properties feature classic architectural character across two well utilized parcels totaling 15,033-square-feet, offering approximately 8,276 gross square feet of residential space. Its strategic location just minutes from Downtown Los Angeles and Koreatown ensures exceptional proximity to major employment hubs, transit corridors, and neighborhood retail amenities, driving consistent tenant pool depth and low historical vacancy. Furthermore, the property's LAR4 zoning designation provides robust underlying land value and future redevelopment potential, making it an ideal acquisition for investors seeking a combination of stable near-term rental cashflow and long-term appreciation in a high-demand submarket. Currently the 2 six-unit buildings are producing $13,559 per month, with, at least, 50% upside upon turnover. The buildings contain 12-1 bedroom units, averaging almost 700sf each. Listed at a 6.1% CAP Rate, a 8.94 GRM and $122,917 CPU, this deal checks all of the boxes. These two buildings are on separate lots with their own APN's.

Los Angeles

$1,000,000

6 Beds ⋅ 6 Baths ⋅ 26998963 MLS ⋅ Active Status

Positioned in the core of the dynamic Pico-Union submarket at 945S Park View St, this multi-family property offers an exceptional urban investment opportunity characterized by strong historical character and significant operational upside. Originally constructed in 1903, the low-rise asset features desirable walk-up style apartments with spacious layouts that average almost 1,300 square feet per unit, complemented by classic architectural details such as crown molding and individual unit balconies. Situated on a 6,788 square foot lot with a highly walkable neighborhood score, the location provides tenants with immediate access to local retail, public transit corridors, and nearby employment centers in Downtown Los Angeles and Koreatown. The scheduled gross income is currently $8,174 per month. This is an attractive value-add profile for investors seeking long-term growth in a high-demand rental market

945 S Park View Street, Los Angeles

$924,900

DW26217441 MLS ⋅ Active Status

REMODELED VACANT BOTTOM UNIT IN A NO RENT CONTROL AREA – PRIME INVESTMENT OPPORTUNITY NEAR USC MEDICAL CENTER! Attention investors! Take advantage of this incredible opportunity to own a duplex featuring a REMODELED, VACANT UNIT in a reported NO RENT CONTROL AREA! Welcome to 2500 Fairmount St, Los Angeles, CA 90033, an investment property strategically located near Los Angeles General Medical Center (formerly LAC+USC Medical Center) and USC's Health Sciences Campus. This duplex features two units, each offering 3 bedrooms and 1 bathroom, with approximately 1,520 sq. ft. of total living space. With one unit already remodeled and vacant, investors have the opportunity to establish their own rental strategy without the added expense of renovating that unit. LOCATION IS KEY! Situated near one of Los Angeles' major medical corridors, this property presents an attractive opportunity for investors looking to capitalize on potential rental demand from traveling nurses, healthcare professionals, medical residents, and hospital staff seeking convenient housing near their workplace. Great opportunity for traditional long-term rentals or furnished mid-term housing for traveling medical professionals, this property offers flexibility to explore multiple income-generating strategies, subject to applicable regulations. Conveniently located near Downtown Los Angeles, major freeways, public transportation, shopping, dining, and employment centers, this duplex combines accessibility with investment potential. ONE REMODELED VACANT UNIT! NO RENT CONTROL AREA! SIX TOTAL BEDROOMS! PRIME LOCATION NEAR MAJOR MEDICAL FACILITIES! Whether you're expanding your investment portfolio or exploring the growing traveling healthcare professional rental market, this property offers an opportunity to establish a valuable income-producing asset in Los Angeles. Don't miss out! Schedule your private showing today and explore the investment potential this duplex has to offer!

2500 Fairmount, Los Angeles

$1,699,999

16 Beds ⋅ 8 Baths ⋅ 26998473 MLS ⋅ Active Status

An excellent opportunity to acquire an 8-unit multifamily property in the highly centralized Westlake/Pico-Union area of Los Angeles. The property consists of approximately 5,492 square feet of building area situated on a 7,501-square-foot lot, with LAR3 zoning offering potential flexibility for an investor looking to acquire a well-located Los Angeles multifamily asset. The property is positioned near Westlake/MacArthur Park, Koreatown, Downtown Los Angeles, and major employment and transportation corridors, providing residents convenient access to restaurants, retail, entertainment, employment centers, and public transportation. The Westlake/MacArthur Park Metro station is located nearby, further enhancing this property's accessibility.

1016 S Westlake Avenue, Los Angeles

$1,900,000

15 Baths ⋅ 26997915 MLS ⋅ Active Status

259 E 41st Place is a 15-unit multifamily property in South Los Angeles, offered at $1,900,000, or $126,667 per unit. Built in 1947, the property totals approx. 4,828 SF, including the ADU, on a 6,551 SF street-to-street lot and is comprised of studio units. Buyer to verify building and ADU square footage. At current rents, the property performs at a 7.27% CAP and 8.11 GRM, giving a buyer a strong in-place return from day one. The property presents as a well-kept multifamily building centered around a broad paved courtyard, mature hedges and palm landscaping, and a clean stucco exterior. The street-to-street lot gives the building a more open layout, while the common areas appear clean and well maintained. 259 E 41st Place features a mix of functional studios and more recently updated units with wood-style flooring, refreshed kitchens and bathrooms, ceiling fans, and updated finishes. Property operating features include master-metered electricity and separately metered gas, while the ADU is separately metered for gas, electricity, and water. Current monthly scheduled income is approx. $19,525, compared with projected income of approx. $21,850. At projected rents, the property is expected to perform at an 8.64% CAP and 7.25 GRM. Located approx. 1.5 miles from both USC and Exposition Park, 259 E 41st Place provides convenient access to the LA Memorial Coliseum, BMO Stadium, Natural History Museum of Los Angeles County, California Science Center, and the broader USC campus. The property also sits across from Gilbert W. Lindsay Recreation Center and near Harmony Missionary Baptist Church, adding recreation and community uses to the immediate neighborhood setting. 259 E 41st Place brings together a $126,667 per-unit basis, a strong current return, a well-kept physical property, and additional income growth still available in the rent roll. With USC and Exposition Park approx. 1.5 miles away, the property offers a straightforward investment story supported by both current performance and location.

259 E 41st Place, Los Angeles

$2,000,000

16 Baths ⋅ 26997923 MLS ⋅ Active Status

438 S Rampart Blvd is a 16-unit multifamily property adjacent to Koreatown, offered at $2,000,000, or $125,000 per unit. Built in 1922, the property totals approx. 9,248 SF on an 8,402 SF lot and is comprised of 16 studio units. At current rents, the property performs at a 6.12% CAP and 8.70 GRM. The property has the character of a vintage LA multifamily building, with arched windows, decorative ironwork, mature trees, and established landscaping across the front of the property. Property amenities include community laundry, master-metered gas, and separately metered electricity. Current scheduled rents total approx. $18,996 per month, compared with projected rents of $24,000 per month, representing approx. 26% rental upside. At projected rents, the property is expected to perform at an 8.98% CAP and 6.90 GRM. Located adjacent to Koreatown, 438 S Rampart Blvd provides convenient access to several of the neighborhood's commercial corridors, including West 8th Street, the 6th Street and Irolo area, and retail and dining along Vermont and Western. The property is also approx. 2 miles from Echo Park Lake, with Echo Park and its surrounding shops, restaurants, and neighborhood businesses within a short drive. 438 S Rampart Blvd brings together a $125,000 per-unit basis, a 6.12% current CAP, 1920s architectural character, and additional income growth available in the existing rent roll. Its location adjacent to Koreatown and within a short drive of Echo Park gives the property convenient access to several established neighborhood hubs.

438 S Rampart Boulevard, Los Angeles

$725,000

7 Beds ⋅ 4 Baths ⋅ 26996933 MLS ⋅ Active Status

1 UNIT VACANT!!! We are pleased to present 1166 E 64th St, a well-positioned 4-unit multifamily property in Los Angeles, offered at an attractive 6.93% CAP and 9.27 GRM on current rents, with value-add potential to reach an 10.19% CAP and 6.90 GRM with 1 UNIT DELIVERED VACANT! Located just east of the 110 Freeway, the property offers easy access to the Florence and Slauson Light Rail Stations, multiple Metro lines, and nearby neighborhoods including Huntington Park, Walnut Park, South Gate, and Maywood. It's also conveniently situated near Edison Middle School, Public Service Community High School, and Mary M. Bethune Park. The property consists of two separate structures a front triplex and a rear detached house totaling 1,952 rentable square feet on a 4,836 SF LCR3YY-zoned lot. Built in 1958 and 1923, respectively, the buildings feature a unit mix of 3 two-bedrooms and 1 one-bedroom, with two units already renovated and 1 two-bedroom unit being delivered vacant at closing. The site also includes both covered and uncovered on-site parking, enhancing tenant appeal. Contact the listing broker for additional information.

1166 E 64th Street, Los Angeles

$2,100,000

18 Beds ⋅ 18 Baths ⋅ 26996879 MLS ⋅ Active Status

FULLY PARKED 18 unit multifamily investment in City West, minutes from the Downtown Los Angeles core, with 22 on site parking spaces. The offering consists of two adjacent two story walk up buildings (412 and 416 Union Dr.) on a single R4 zoned parcel of approximately 0.38 acres, built in 1925 and totaling approximately 10,950 gross square feet. On site surface parking runs along the eastern boundary with a striped lot spanning the full southern edge of the site. Competing vintage buildings in the submarket offer street parking only or no parking at all, so a fully parked property leases faster and supports a rent premium on every turn. LARGE UNITS: the building area averages roughly 608 square feet per unit, well above the 450 to 500 square foot studios typical of competing vintage product nearby. The mix is 16 studios and 2 one bedroom units, all with one bath, with spacious floor plans that include separate full kitchens, generous closets, original hardwood flooring, ceiling fans, and wall heaters. A number of units have already received updated flooring, cabinetry, countertops, and bathroom fixtures, establishing the renovation standard a new owner can carry through the balance of the property. SIGNIFICANT UPSIDE: current rents average well below market, and three units will be delivered vacant at close of escrow for immediate renovation and releasing. Gross potential rent grows from $219,695 to a projected $366,000 on a fully stabilized basis, lifting net operating income from $130,358 to $218,772, the cap rate from 6.21% to 10.42%, and the GRM from 9.56 to 5.74. Offered at $116,667 per unit and $191.78 per square foot, approximately 19% below the average price per unit of the two most recent comparable sales in the 90017 zip code. Close to the Financial District, the Civic Center, the 110 and 101 freeways, and Metro rail and bus service. Buyer to independently verify all information.

412 Union Drive, Los Angeles

$1,250,000

10 Beds ⋅ 6 Baths ⋅ 26991539 MLS ⋅ Active Status

BUILT IN 2021 | NO RENT CONTROL LA CITY RSO | ALL UTILITIES INCLUDING WATER PAID BY TENANTS | SEPARATELY METERED | FULLY PERMITTED |ONE UNIT VACANT Built in 2021, this well-maintained duplex offers a great opportunity for investors and owner-users. Water, electricity, and gas are separately metered, and each tenant pays their own utilities, helping keep the owner's operating expenses very low and more low. The seller's regular monthly service expenses are only approximately $45 for pest control and $40 for gardening. The property features two spacious 5 Bed / 3 Bath units. One of the 5-bedroom unit is currently vacant, offering an excellent opportunity for an owner-user or the ability to lease it at current market rent. The property has been professionally managed and well maintained. Solar panels are installed. Great opportunity for an owner-user, investor, or 1031 Exchange buyer looking for a newer income property with separate utilities, low operating costs, and strong rental potential. Buyer to independently verify all property information, including rents, expenses, CAP rate, utility metering, rent control status, permits, square footage, and all investment calculations, and to conduct their own due diligence. Easy showing for the vacant unit.

671 W 62nd 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.