Downtown L.A. (C42) Homes under $2 million

Welcome to Downtown Los Angeles (C42), where the pulse of the city beats with vibrant energy and endless possibilities. Nestled in the heart of Los Angeles County, this dynamic urban hub is a blend of rich history, cutting-edge architecture, and a flourishing cultural scene. With its iconic skyline, Downtown L.A. offers a unique juxtaposition of modern living and historical charm, making it one of the most sought-after areas for homebuyers and investors alike.

For those looking to find homes under $2 million, Downtown L.A. presents an array of exciting options. From chic lofts in converted warehouses to contemporary condos with breathtaking city views, there’s something for everyone. Imagine waking up to the bustling sounds of the city, with easy access to world-class dining, shopping, and entertainment just steps from your front door. The area boasts a rich tapestry of neighborhoods, each with its own character—whether you’re drawn to the artsy vibe of the Arts District or the upscale feel of Bunker Hill.

Residents enjoy a lifestyle filled with cultural experiences, from art galleries and theaters to trendy cafes and rooftop bars. The well-connected public transport system makes commuting a breeze, allowing you to explore all that Los Angeles has to offer without the hassle of traffic.

Discover your dream home in Downtown L.A. today, where urban sophistication meets affordability. With homes available under $2 million, you can embrace the vibrant city life you’ve always desired while making a smart investment in one of California's most exciting locales. Come and experience the charm of Downtown L.A.—your urban oasis awaits!

Newest Downtown L.A. (C42) Homes under $2 million

100 S Alameda Street Unit 419, Los Angeles

$398,000

1 Baths ⋅ 26998497 MLS ⋅ Active Status

Come home to a bright, thoughtfully updated top-floor studio at Savoy, with high ceilings, a private courtyard-facing balcony and space to settle into your own city routine. The open layout comfortably accommodates living and dining, while a tucked-away sleeping nook with a Murphy bed offers flexibility throughout the day. Light-toned engineered wood floors with cork underlayment provides a cushioned, resilient layer for exceptional underfoot comfort. Recessed lighting throughout create a clean, bright and airy setting. The kitchen features freshly painted cabinetry and updated appliances, while the refreshed bathroom includes a newer vanity, refinished tub/shower and textured stone flooring. Top-down/bottom-up shades provide adjustable light and privacy. A newer HVAC system, in-unit washer and dryer, and one assigned parking space add everyday convenience. Enjoy Savoy's pool and spa, fitness center, rooftop deck, screening room, business center and 24-hour lobby. With Little Tokyo's restaurants, cafes and shops nearby and the Arts District within easy reach, Residence #419 offers a welcoming home base for enjoying Downtown Los Angeles.

100 S Alameda Street Unit 419, 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

$1,295,000

SB26218695 MLS ⋅ Active Status

211 E 55th St presents an attractive opportunity to acquire a 9-unit multifamily investment opportunity in Los Angeles, offered at $1,295,000. The property features a desirable unit mix of (2) Studios, (6) 1 Bed/1 Bath, and (1) 2 Bed/1 Bath Units, complimented by 4 on-site parking spaces. The property offers strong, in-place returns with a 7.25% Cap Rate and 8.21 GRM, providing investors with an attractive day one-yield. Pro forma rents reflect a 17.51% increase in scheduled income, highlighting meaningful value-add upside. Additionally, one currently vacant unit provides an opportunity to generate additional rental income and further enhance overall returns. Ideally situated in Los Angeles, CA 90011, the property benefits from proximity to major employment centers, retail corridors, and public transportation, making it an attractive investment in an established rental market.

211 E 55th Street, Los Angeles

1130 S Flower Street Unit 215, Los Angeles

$555,000

1 Beds ⋅ 2 Baths ⋅ 26998213 MLS ⋅ Active Status

A rare opportunity to live, work, and create at Flower Street Lofts in the heart of South Park DTLA. The unit offers the versatility of a building zoned and entitled for live/work use, combining residential comfort with space for a home office, creative studio, or business. A flexible built-in area with sliding doors can accommodate office cubicles, creative workspace, or a home gym. The west-facing living area features floor-to-ceiling windows with views toward Oceanwide Plaza, while the bedroom overlooks the building's open-air common corridor. South Park is positioned near the center of Downtown's Olympic activity in 2028, with nearby Crypto.com Arena designated as an LA28 competition venue. Oceanwide Plaza's court-approved sale process and planned revitalization add to the neighborhood's evolving outlook as Los Angeles prepares for the Games. This pet-friendly building places dining, shopping, fitness, and entertainment within easy reach, including Pine & Crane, South Park Grocery, Prank Bar, Sonoritas, Starbucks, LA Live, the Ritz-Carlton, Whole Foods, and Bottega Louie. Nearby Pico Metro Station enhances connectivity, with a Walk Score of 93 and Transit Score of 100. HOA dues include two reserved parking spaces and a Spectrum internet and entertainment package. Discover a distinctive South Park residence offering flexibility, convenience, and a compelling place to call home. Currently tenant-occupied on a month-to-month basis. Agents: Please see private and showing remarks.

1130 S Flower Street Unit 215, Los Angeles

$495,000

1 Beds ⋅ 1 Baths ⋅ 26998079 MLS ⋅ Active Status

BEAUTIFUL LUXURY CONDO ON 26TH FL W/PANORAMIC & STUNNING VUE OF THE L.A. SKYLINE IN ONE OF MOST SOUGHT-AFTER ADDRESSES IN DWTN LA: BUNKER HILL TOWER; BEAUTIFUL HRDW FLR, WALL MIRRORS, RECESSED LIGHTING, UNCOMPROMISING AMENITIES INCLUDE; HEATED SWIMMING POOL, HOT TUB, TENNIS COURTS, BBQ PARK, SAUNA, PRIVATE PARK...WALKING DISTANCE TO SHOPS, RESTRNTS, ENTERTAINEMNT, DISNEY CONCRT HALL, FINANCIAL CENTER, FOOD COURT...EXECUTIVE LIVING AT ITS BEST. MUST SEE TO APPRECIATE! WELCOME HOME!

800 W 1st Street Unit 2607, Los Angeles

$369,000

2 Beds ⋅ 1 Baths ⋅ CV26218018 MLS ⋅ Active Status

We are pleased to present Unit 304 at the historic SB Grand Lofts, located in the heart of Downtown Los Angeles. This approximately 740 SF, 2 bedroom, 1 bath loft offers high ceilings, great natural light, updated laminate flooring, a private balcony, and CitiQuiet windows in the second bedroom with views toward Pershing Square and the Downtown skyline. The kitchen features stainless steel appliances, ample cabinetry, and a breakfast bar. The spacious bathroom includes an oversized soaking tub, shower, and an in-unit washer and dryer. Residents enjoy a rooftop deck with 360-degree city views, pool and spa, fitness center, 24-hour lobby security/concierge, and in-building parking available for an additional fee. Set directly across from Pershing Square and just steps from Metro access, the property is close to Grand Central Market, Spring Street, Grand Park, Little Tokyo, LA Live, Crypto.com Arena, restaurants, nightlife, and many of Downtown’s cultural destinations. A great opportunity for an owner-user or investor seeking a true DTLA loft with a spacious layout, skyline views, and a prime central location. The property also offers added flexibility for investors considering either a traditional rental or short-term rental strategy.

312 W 5th Street Unit 304, 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 and operating features include community laundry, master-metered gas, and separately metered for 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, placing one of Central Los Angeles' most recognizable parks 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 Lake gives the property a clear connection to several of Central Los Angeles' most active neighborhood corridors.

438 S Rampart Boulevard, Los Angeles

889 Francisco Street Unit 2910, Los Angeles

$550,000

1 Beds ⋅ 1 Baths ⋅ TR26217031 MLS ⋅ Active Status

Enjoy modern living in a high-rise residence in the heart of Downtown LA! This 29th floor luxury condo offers a soaring view of the downtown skyline and great open-space layout. Home futures one bedroom/one bath with a partition in the living space to create a second bedroom. French oak style flooring, chef's kitchen with euro style cabinets and Bosch washer & dryer in the unit makes this a comfortable home, or a great investment. Resort-like amenities include pool, hot tub, sauna, dog park, club house, BBQ area, billiards room and world-class fitness center. HOA dues cover gas, water, trash, sewer, earthquake insurance, controlled access and 24/7 concierge service. Conveniently located close to USC and Cal State LA, walking distance to LA Live/Staples Center, Regal Cinemas, shops, restaurants and so much more!

889 Francisco Street Unit 2910, Los Angeles

267 S San Pedro Street Unit 320, Los Angeles

$349,000

2 Beds ⋅ 2 Baths ⋅ 26997857 MLS ⋅ Active Status

Located in the heart of DTLA's historic Little Tokyo is this interior unit offering a soothing setting. Features include two bedrooms, two full bathrooms, living room and cook's kitchen with granite counter tops, plenty of storage cabinetry & stainless steel appliances. The east facing unit provides lots of natural light, affording sun drenched afternoons. The living room slider leads out to a balcony, with storage closet, providing courtyard and DTLA skyline top views. Additional qualities include central air & heat, full side-by-side washer & dryer and one assigned parking space. Teramachi is a 55+ adult condominium offering a variety of amenities including a central courtyard with koi pond, fitness center, guest lounges, two-story community room, community barbecues, guest parking and 24 hour front desk/security station. Close to Little Tokyo shops & restaurants, Arts District, Grand Central Market, Union Station, Dodger Stadium, Dorothy Chandler Pavilion & Disney Hall. Welcome Home!

267 S San Pedro Street Unit 320, Los Angeles

1234 Wilshire Boulevard Unit 422, Los Angeles

$376,800

1 Beds ⋅ 1 Baths ⋅ 26994929 MLS ⋅ Active Status

Fourth floor 1 Bedroom, 1Bath at Vero. South facing with a private balcony. Set off Wilshire so it is quieter than the boulevard facing layouts. Open living space with hardwood floors, a contemporary kitchen with Caesarstone counters, European cabinets, stainless steel appliances, and a stacked washer and dryer in unit. Central heat and air. Two assigned covered parking spaces in the secured garage. Vero is a full service mid-rise with controlled access, a 24-hour front desk security, heated pool and spa, sauna, fitness center, yoga studio, and guest parking. West edge of downtown, between Lucas and Witmer with quick access to freeways and a short trip to Crypto.com Arena, L.A. Live, and Fig at 7th. Vero has many great amenities and easy to show.

1234 Wilshire Boulevard Unit 422, Los Angeles

257 S Spring Street Unit 4N, Los Angeles

$649,000

2 Beds ⋅ 2 Baths ⋅ P1-29117 MLS ⋅ Active Status

This exceptional unit in the Historic Douglas Building features a thoughtfully designed floor plan with spacious living areas, a modern kitchen, 2 comfortable bedrooms, and 2 baths. It graciously combines genuine historic architectural features with essential modern amenities. Of note are the original brick work, vintage floor tiles, and refurbished Douglas Fir wood flooring. Upon entering, you are welcomed home by an inviting and bright vestibule. The vestibule provides access to the second bedroom (or home office) with an atrium view. Off the hallway leading from the vestibule is a closet with a full-size front-loading Miele Washer/Dryer. The hallway gives way to a spacious living area with stunning views of the LA skyline and the majestic 'Pope of Broadway' mural. The master bedroom includes an updated ensuite master bath with a walk-in shower and built-in bench. The open modern kitchen features stainless steel Bosch appliances and sleek Poggenpohl cabinetry. A combination of lofty high-ceilings and double-hung windows provide generous daylight from both eastern and western directions. This one-of-a-kind unit also comes with assigned parking in the elevator accessed garage. Optional transportation exists a block away at the new downtown Metro station. The neighborhood is replete with trendy restaurants and shops, and further situated within walking distance of various cultural venues including Disney Concert Hall, the Broad Museum, MOCA, the Music Center, the Bradbury Building, and the Grand Central Market. The Douglas Building is a classical revival building built in 1899. It was designated a local historic monument and has a Mills Act contract ensuring nearly 50-60% savings in property taxes. Don't miss out on this once in a lifetime opportunity to own and live in a significant historic building in a vibrant neighborhood.

257 S Spring Street Unit 4N, 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

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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.