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

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

Welcome to Downtown Los Angeles (C42), a vibrant and dynamic neighborhood that perfectly blends urban sophistication with a rich cultural tapestry. Nestled in the heart of the City of Angels, Downtown L.A. is a thriving hub known for its eclectic mix of historic architecture, modern skyscrapers, and an array of dining, shopping, and entertainment options.

As you explore this exciting region, you'll discover an impressive collection of homes, including stunning two-level properties that offer both style and functionality. These multi-story residences are designed to maximize space and provide a sense of privacy, making them ideal for families or those who love to entertain. With spacious layouts, high ceilings, and abundant natural light, homes with two levels in Downtown L.A. create an inviting atmosphere for relaxation and socializing.

Living in Downtown L.A. means being at the center of it all. Enjoy a leisurely stroll through the Arts District, where you can immerse yourself in the local art scene, or take in a show at the iconic Walt Disney Concert Hall. The area is also home to a plethora of trendy cafes, gourmet restaurants, and unique boutiques that cater to every taste.

With convenient access to public transportation and major freeways, commuting to other parts of Los Angeles is a breeze, making Downtown L.A. an ideal choice for professionals and families alike. Embrace the urban lifestyle in this ever-evolving neighborhood, where the charm of historic streets meets the excitement of modern living. Experience the best of city life in a two-level home that truly embodies the spirit of Downtown Los Angeles.

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

$980,000
DW26208508 MLS ⋅ Active Status
Introducing a thoughtfully reconfigured early-1900s residence offering exceptional flexibility for investors, owner-users, and multi-generational living. This distinctive property has been transformed into a versatile multi-occupant residence designed to maximize functionality and rental potential. The main house features three first-floor bedrooms, thoughtfully converted from the original living and dining rooms, along with a spacious kitchen, laundry room, service room, and full bathroom. Upstairs, the former primary suite has been converted into a private studio apartment with its own kitchenette, full bathroom, and separate exterior entrance. Two additional spacious bedrooms and a second full bathroom provide even more flexibility for occupants, extended family, or rental use. The property also features an enclosed porch that has been converted into a permitted upstairs laundry and flex space, with the potential to create an additional studio. Adding further income-producing potential, the rear duplex at 620 and 620 ½ consists of two separate one-bedroom units, each offering a full living area, kitchen, dining space, and bathroom. Ample on-site parking is currently being used for storage but can readily be reclaimed for tenant parking. With its flexible configuration and multiple living spaces, this property presents a unique opportunity for investors seeking rental income or buyers looking for a versatile multi-generational residence. A rare Los Angeles property offering multiple occupancy options, substantial flexibility, and significant potential.

620 E 28th Street, Los Angeles
$1,699,999
16 Beds ⋅ 8 Baths ⋅ 26991777 MLS ⋅ Active Status
For questions and offers please reach out to Anthony (213) 618-9939 anthony@coastalpremierrealtygroup.com. 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 the property's accessibility.

1016 S Westlake Avenue, Los Angeles
$925,000
8 Beds ⋅ 4 Baths ⋅ 26990899 MLS ⋅ Active Status
This 4-unit property presents a compelling turnkey investment opportunity with room to grow, featuring a two-story, approximately 3,188 SF building on nearly 6,047 SF of LA[Q]R4-1 zoned land. All 4 units are appx 800 SF 2Br+1Ba units with 8 total parking spaces. The property benefits from stable tenants, many capital improvements, and one fully remodeled unit. Offered at 13.7 GRM and a 5.1% CAP Rate, this is a solid building with strong tenants and good bones. An ideal investment for under $1,000,000 in an area with extremely low historic vacancy, near DTLA, and with significant upside. 70% upside in rents! Additionally, the Seller has multiple feasibility studies and proposals to build up to 2 ADU's in the rear (Buyer to verify). The Seller also has a SB721 Balcony inspection report shows no needed repairs. Conveniently located near Central Avenue, the 10 Freeway, USC, Exposition Park, Downtown Los Angeles, the Fashion District, and LA LIVE, the property offers a combination of current income, value-add potential, and future development upside.

1335 E 21st Street, Los Angeles
$833,000
5 Beds ⋅ 5 Baths ⋅ 26990985 MLS ⋅ Active Status
We are pleased to present the opportunity to acquire 6714 Parmelee Ave, an attractive multifamily property that consists of five legal units and one non-conforming unit, located in the Florence-Firestone neighborhood of South Los Angeles. The property consists of approximately 2,506 SF of building area on a 5,237 SF lot and is zoned LCR3YY, offering an attractive combination of existing income and long-term upside. Originally constructed in 1963, the property features six 1-bedroom/1-bathroom units, providing an investor with a diverse income-producing asset. The property offers six parking spaces, including two open-air spaces and four covered carport spaces located in the rear, along with gated access. Residents benefit from individually metered gas and electricity, allowing the owner to minimize utility expenses and place greater responsibility for consumption directly on tenants. The property offers approximately 29% rental upside, providing an investor with an opportunity to increase income through the repositioning and lease-up of the property. The property is conveniently located directly across the street from Miramonte Elementary School, one block west of Compton Ave, and just a few blocks south of Gage Ave. Its location provides convenient access to major thoroughfares, public transportation, schools, employment centers, and neighborhood amenities throughout South Los Angeles.

6714 Parmelee Avenue, Los Angeles
$2,750,000
2 Beds ⋅ 20 Baths ⋅ 26990751 MLS ⋅ Active Status

4309 S Main Street, Los Angeles
$1,750,000
SR26205036 MLS ⋅ Active Status
*** 3 UNITS WILL BE DELIVERED VACANT **** This exceptional five-unit multifamily property presents a rare value-add opportunity in the heart of rapidly evolving Exposition Park, one of Los Angeles’ most active rental markets e The property features an attractive and versatile unit mix consisting of one 2-bedroom, 1-bathroom unit, two expansive 5-bedroom, 2-bathroom units, one 4-bedroom, 2-bathroom unit, and one 3-bedroom, 1-bathroom unit. The large unit configurations and flexible layout create outstanding income potential for investors pursuing student housing, traditional multifamily rentals, or alternative housing strategies in a consistently high demand location .Ideally situated 10 minutes walk distance to the University of Southern California, the property benefits from close proximity to some of Los Angeles’ most iconic destinations, including the Los Angeles Memorial Coliseum, a featured venue for the upcoming 2028 Olympic Games, the highly anticipated Lucas Museum of Narrative Art located less than half a mile away, only 10 minutes walk or 0.5 miles away ; Exposition Park, the California Science Center, the historic Rose Garden, BMO Stadium, and the Expo Line Metro Station offering convenient access from Downtown Los Angeles to Santa Monica .The property also provides easy access to major freeways and public transportation, further strengthening its long-term desirability and tenant demand .Adding to its exceptional appeal, the property is sitting in a 9,894 sq ft lot and it will be delivered almost vacant, offering investors a rare opportunity to immediately reposition the property, establish market rents, and maximize future income potential .This is an outstanding opportunity to acquire a well-located multifamily asset in one of Los Angeles’ most dynamic and transformative neighborhoods.

1134 W 39th, Los Angeles
$850,000
13 Beds ⋅ 7 Baths ⋅ 26856169 MLS ⋅ Active Status
Offered is a value-add South Central property consisting of a vacant 1,500+ SF house and quadruplex with 1 vacant unit. The house is in need of a full gut renovation and reconfiguration, ideal for a Jr. ADU conversion. The vacant unit in the 4plex is also in need of remodeling. Once rented, the owner will have 2 (or 3!) units at market rent, with significant upside in rent for the legacy tenants. Located on a corner lot with 2 curb cuts, there are 11 open parking spaces currently leased by the tenants on separate parking leases. The property will be sold with a recently passed SCEP Inspection. At under $200/SF and operating with all 2-4 bedroom units, this is an incredible deal at an affordable price point with huge upside. Located directly across from the YMCA and a church, and minutes from USC and the vibrant Exposition Park district, home to famous venues including BMO Stadium and Los Angeles Memorial Coliseum. Residents and tenants also benefit from immediate access to major cultural institutions such as the Natural History Museum and the California Science Center. This is a compelling value-add opportunity in a high-demand rental submarket, with multiple pathways for income growth through renovation, repositioning, and future development. Marketing package available with more info. Potential to be sold with other multifamily properties from same owner.

933 E 28th Street, Los Angeles
$950,000
6 Beds ⋅ 5 Baths ⋅ 26989463 MLS ⋅ Active Status
Excellent five-unit residential income property situated on one parcel, consisting of a four-unit apartment building addressed as 550 W 41st Dr and a separate single-family residence addressed as 552 W 41st Dr. Both addresses are associated with APN 5019-019-022. Fully occupied and generating established rental income in a high-demand rental area, the property presents an appealing opportunity for investors, portfolio buyers, 1031 exchange buyers, and others seeking a well-located income-producing asset in Los Angeles. The property offers approximately 3,120 rentable square feet on an approximately 6,763-square-foot lot, with low-maintenance landscaping and no on-site laundry helping simplify ongoing upkeep. Centrally located near USC, Exposition Park, BMO Stadium, the Los Angeles Memorial Coliseum, the Natural History Museum, the California Science Center, and the new Lucas Museum of Narrative Art, with convenient access to Metro transit, Downtown Los Angeles, major freeways, shopping, dining, and entertainment. Ideally positioned near major venues associated with the upcoming Los Angeles 2028 Olympic Games. Property to be delivered fully occupied.

550 W 41st Drive, Los Angeles
$3,150,000
27 Baths ⋅ 26988197 MLS ⋅ Active Status
We are pleased to present a twenty-seven (27) unit plus one (1) non-conforming unit apartment building located at 511 S Union Ave in Los Angeles, California. The subject property is located in a solid Westlake location, just north of 6th St and east of Alvarado St. Located in the heart of Westlake, this classic Spanish-style apartment building offers convenient access to Wilshire Boulevard, Beverly Boulevard, the Metro B Line, and the 101 and 110 freeways. The property features an efficient all-studio unit mix with approximately 25% rental upside, creating an attractive opportunity for investors seeking long-term growth. Additional value-add potential includes legalizing a nonconforming unit as an ADU and renting the vacant storage space for a projected $500 per month. Operational features include separate gas and electric meters, on-site laundry, one parking space, and a recently installed roof. Residents enjoy proximity to MacArthur Park, Vista Hermosa Natural Park, Lafayette Recreation Center, Grocery Outlet, Starbucks, the Grier Musser Museum, and MacArthur Park Shopping Center, among other neighborhood amenities. With significant rental upside, ADU conversion potential, and immediately rentable storage space, the property offers multiple avenues to increase income and enhance long-term value.

511 S Union Avenue, Los Angeles
$2,300,000
10 Beds ⋅ 9 Baths ⋅ 26986497 MLS ⋅ Active Status
Rare 9-unit value-add opportunity on the southeast corner of Hoover and W 45th, minutes from USC, Exposition Park, and the 110. Three buildings on one corner lot: two 2-story Spanish-style fourplexes plus a detached rear home, in all 8 one-bedroom units and 1 two-bedroom, 100% occupied. Approximately $107,300 in documented capital improvements since 2022, including new cool roofs on both fourplex buildings (2026), two full unit renovations, upgraded kitchens and baths, flooring, paint, water heaters, and electrical and plumbing repairs throughout. Four units are Section 8 with reliable HACLA-paid rents. Significant rental upside: most one-bedrooms rent well below the current HACLA payment standard of $1,793. Strong current cash flow with a clear path to a 6%+ cap rate at market rents. Additional income potential from an on-site laundry room with owner-owned machines. Units separately metered for gas and electricity. A clean, well-documented asset with detailed financials and improvement history available. Seller will cooperate with buyer's 1031 exchange.

4504 S Hoover Street, Los Angeles
$1,099,000
DW26200437 MLS ⋅ Active Status
An exceptional investment opportunity to acquire a large, income producing four-unit property ideally positioned within the high-demand Downtown Los Angeles rental market. This well located quadruplex features 12 bedrooms, 6 bathrooms, and approximately 4,164 square feet of total living space situated on a 6,258-square-foot lot. The property is fully rented and currently generates approximately $7,994 per month in gross rental income. Ideal for investors, 1031 exchange buyers, and developers. This property presents potential upside may be achieved through strategic rent adjustments, improved property management, unit renovations and upgrades. Ideally located just minutes from the University of Southern California (USC), USC Village, Los Angeles Memorial Coliseum, Exposition Park, BMO Stadium, and Downtown Los Angeles (DTLA). Its convenient access to major freeways, Metro Rail and public transportation enhances connectivity throughout Los Angeles. The location is particularly appealing to students, professionals, and long-term renters, benefiting from proximity to educational institutions, entertainment venues, sports facilities, and DTLA market. With the region continuing to experience significant investment and development, including preparations and improvements associated with the 2028 Olympic Games.

915 E 23rd 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
Start Your Search

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.