Metropolitan South (C37) Homes with Uncovered Parking features

Metropolitan South (C37) Homes with Uncovered Parking features

Welcome to the vibrant heart of the Metropolitan South region in Los Angeles County, California—a dynamic area where urban living meets suburban charm. This thriving neighborhood is renowned for its diverse culture, rich history, and an array of amenities that cater to every lifestyle. From trendy cafes and eclectic boutiques to sprawling parks and top-rated schools, the Metropolitan South offers something for everyone.

One of the standout features of homes in this region is the availability of uncovered parking. In a city where parking can often be a challenge, having your own designated parking space is a true luxury. These homes provide the convenience of easy access to your vehicle, making your daily commute or spontaneous weekend adventures a breeze. Whether you’re heading out to explore the vibrant arts scene, enjoy a day at the beach, or simply run errands, you’ll appreciate the practicality that uncovered parking affords.

The homes themselves are as diverse as the community. From charming bungalows to modern townhouses, there’s a perfect fit for every taste and budget. Many properties boast spacious layouts, private outdoor areas, and contemporary finishes, making them ideal for families, young professionals, or anyone looking to enjoy the best of Los Angeles living.

With its unique blend of urban excitement and suburban comfort, Metropolitan South is more than just a place to live; it’s a lifestyle. Come discover your dream home in this enchanting corner of Los Angeles, where every day feels like an adventure waiting to unfold!

Newest Metropolitan South (C37) Homes with Uncovered Parking features

$785,000
4 Beds 4 Baths 26860481 MLS Active Status
We are pleased to present the opportunity to acquire 612 E. 83rd Street, a well-maintained 4-unit multifamily property located in the Florence neighborhood of South Los Angeles. Built in 1926, the property consists of four detached cottage-style 1-bedroom, 1-bathroom units totaling 1,920 square feet of rentable space on a 5,740 square foot lot. The property's bungalow-style layout provides residents with greater privacy and a more residential living experience than a traditional apartment building. Each unit is separately metered for gas and electricity and features its own water heater, helping reduce operating expenses and simplify management. Additional amenities include a gated entrance and four gated on-site parking spaces. Two units will be delivered vacant at closing, presenting an exceptional opportunity for an owner-user to occupy one unit while generating rental income from the remaining units, or for an investor to lease both vacancies at market rents and immediately increase the property's income potential. The property offers convenient access to Downtown Los Angeles, USC, Exposition Park, BMO Stadium, and the Los Angeles Memorial Coliseum. Residents also benefit from excellent regional connectivity via the 110, 10, and 105 Freeways, as well as nearby public transportation. The surrounding area continues to experience ongoing public and private investment, strong rental demand, and a limited supply of quality workforce housing, positioning the property for stable occupancy and long-term appreciation.

612 E 83rd Street, 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.