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 region nestled in the heart of the bustling city of Los Angeles, California. Known for its unique blend of historic charm and modern amenities, Downtown LA offers a diverse array of real estate opportunities, including homes with two levels, providing both style and functionality for residents.

Imagine coming home to a spacious two-story abode in the heart of this thriving urban center. With ample living space spread across multiple levels, these homes offer the perfect combination of privacy and togetherness for you and your loved ones. Whether you're looking for a cozy townhouse or a stylish loft, Downtown LA has a variety of two-level homes to suit your lifestyle and preferences.

Living in Downtown LA means being surrounded by a rich tapestry of cultural attractions, dining options, and entertainment venues. From iconic landmarks like the Walt Disney Concert Hall to trendy rooftop bars with stunning skyline views, there's always something new to explore and experience in this vibrant neighborhood.

With easy access to public transportation, major highways, and a thriving business district, Downtown LA is not just a place to live, but a lifestyle to embrace. Whether you're a young professional seeking convenience or a family looking for urban excitement, Downtown LA offers the perfect blend of urban living and modern convenience in the heart of Los Angeles.

Discover the charm and allure of Downtown LA's two-level homes and experience the best that city living has to offer. Welcome home to Downtown Los Angeles (C42), where every day is an opportunity to live, work, and play in one of the most exciting neighborhoods in Southern California.

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

259 E 41st Place, 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
438 S Rampart Boulevard, 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
1166 E 64th Street, 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
412 Union Drive, 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
671 W 62nd Street, Los Angeles
$1,250,000
9 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 a spacious 5 Bed / 3 Bath unit and a 4 Bed / 3 Bath unit. 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

671 W 62nd Street, Los Angeles
1373 E 23rd Street, Los Angeles
$705,000
4 Beds ⋅ 2 Baths ⋅ 26996343 MLS ⋅ Active Status
Incredible investment or owner-user opportunity in the heart of Los Angeles! This prime duplex delivers ultimate flexibility and immediate value. The property features a perfect setup: the upper unit will be delivered completely vacant, making it an absolute dream for an owner-occupant looking to house-hack or an investor wanting to hand-pick their next tenant at updated market terms. This remodeled upper unit features a new stove, sleek laminate flooring, washer/dryer hookups, and a spacious, formal dining room. The second unit features an unpermitted bonus bathroom and a stable, long-term tenant already in place. Both units offer comfortable, highly functional layouts. Situated proximate to DTLA, the property boasts an expansive, fenced-in backyard concrete parking area accessed off a maintained, paved alleyway. Retain immediate stability while capturing immediate upside. This multi-family asset is a rare find in today's market and a must-see! Schedule your tour today!"

1373 E 23rd Street, Los Angeles
678 E 45th, Los Angeles
$1,425,000
SR26212626 MLS ⋅ Active Status
Three-unit property featuring two remodeled residences and a newly built, two-story detached ADU with a Certificate of Occupancy issued in 2026. The rear residence includes an approved addition. City documents show 1,384 sq ft for Unit 1, 758 sq ft for Unit 2, and 955 sq ft for the ADU, totaling 3,097 sq ft. Lease and rent information is available upon request. Buyer to verify property details and applicable rental regulations.

678 E 45th, Los Angeles
655 E 50th Street, Los Angeles
$899,000
4 Beds ⋅ 4 Baths ⋅ P1-29083 MLS ⋅ Active Status
Historic Craftsman with Multiple Living Spaces & R3 ZoningEnter into a piece of history with this charming Craftsman, originally built in 1905 and lovingly owned by the same family for 85 years. Full of character and opportunity, this unique property offers a front residence plus a separately built rear home with additional living space and two large yard areas. Additional unit in the back. The inviting front house features 2 bedrooms, 1 bathroom, and an additional office just off the entry that was previously used as a bedroom. The spacious living room is filled with natural light and features beautiful windows and a classic pocket door leading to the formal dining room. The dining room offers excellent natural light, new windows, and a built-in glass-front cabinet.The updated kitchen features new cabinetry, flooring, and a large pantry area. A convenient service porch includes a washer/dryer and a new soaking sink. Outside, the expansive rear yard has provided the perfect setting for gatherings and entertaining, with plenty of room to enjoy and personalize.Built by the family in 1947, the rear home offers additional versatility. The upstairs unit features 1 bedroom, 1 bathroom, a kitchen, and living room. The downstairs studio is not permitted and includes a full bathroom. An additional yard area is located behind the rear house.The property is zoned R3 and features numerous recent improvements, including some electrical and plumbing upgrades, new flooring in both homes, nine new windows and new doors in the front house, a new bathroom vanity, and fresh interior paint throughout both homes.With its historic charm, multiple living spaces, generous outdoor areas, three fruit trees, and R3 zoning, this property offers a variety of possibilities for homeowners, extended families, or investors. A special property with a long family history--ready for its next chapter.

655 E 50th Street, Los Angeles
915 E 50th Street, Los Angeles
$1,150,000
12 Beds ⋅ 6 Baths ⋅ 26995011 MLS ⋅ Active Status
Fantastic opportunity to acquire 915 E. 50th Street Apartments, a well-located multifamily property situated on a spacious 12,652-square-foot lot. The property includes six apartment units: three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, and two 2-bedroom/1-bath townhome-style units. Each unit is separately metered and equipped with an individual water heater. The property also features 10 parking spaces and an on-site laundry facility owned by the property. One unit is currently vacant and rent-ready, providing an immediate opportunity for the new owner. The property also offers potential to develop detached ADUs using excess land, subject to verification and approval by the City of Los Angeles.

915 E 50th Street, Los Angeles
324 W 51st Street, Los Angeles
$1,650,000
16 Beds ⋅ 7 Baths ⋅ 26994983 MLS ⋅ Active Status
Renovated six-unit income property in South Park (South LA). Short sale, subject to lender approval. The 1922 front building was remodeled under 2021-22 LADBS permits into four 3-bedroom units. Two are 3/1.5 down, two are 3/1 up. Two detached 2 bed / 1 bath ADUs have a 2023 Certificate of Occupancy. Renovated kitchens with shaker cabinets, stainless appliances, built-in microwaves and vinyl plank floors. Mini-split heat and AC in every unit. The four front units have dishwashers and in-unit stacked laundry. Gas and electric are separately metered. Water is submetered. Tenants pay gas, electric and trash. Five units also pay water. All six units are leased at $14,657 per month. Four leases began in 2026. 8.0% cap rate and 9.4 GRM at list price on broker-estimated expenses. The front building is under LA rent stabilization. The ADUs are exempt per LAHD. Minutes to USC, Exposition Park and the Lucas Museum. Buyer to verify all figures, permits, unit count and square footage.

324 W 51st Street, Los Angeles
840 S Hoover Street, Los Angeles
$1,850,000
26994459 MLS ⋅ Active Status
840 S Hoover St is a residential structure but is highly suitable for commercial-style uses including acupuncture, medical/dental office, skin care, automotive-related use, retail, salon/barbershop, or creative office. Both parcels are zoned C2 with TOC Tier 3, allowing for increased density, mixed-use, or multifamily development (buyer to verify with City). Properties may be developed together or 840 may serve as parking or auxiliary support for 830. Prime high-traffic Koreatown location minutes to DTLA, transit, and major amenities.Drive-by only. Do not disturb tenants. Sold as-is. Buyer to conduct own due diligence. Submit offers with POF.

840 S Hoover Street, Los Angeles
100 S Alameda Street Unit 432, Los Angeles
$729,900
2 Beds ⋅ 2 Baths ⋅ 26994317 MLS ⋅ Active Status
Top-floor 2BR + loft at Savoy in the heart of Little Tokyo in one of Downtown LA's most vibrant and evolving neighborhoods, now buzzing with energy at near pre-pandemic levels. This highly sought-after lofted floor plan offers dramatic volume with soaring ceilings and expansive windows that bring in beautiful natural light and open views of blue skies above. The open-concept living, dining, and kitchen layout flows effortlessly, anchored by rich wood flooring. The kitchen boasts a breakfast island, granite counters, stainless steel appliances, and a newer stove and dishwasher. The versatile loft space is ideal for a home office, guest area, or creative studio. The primary bedroom offers a quiet retreat, while the second bedroom provides flexibility for guests or additional workspace. Additional upgrades include a newer HVAC system (replaced in 2022, approx. $10K). Two parking spaces are included, equipped with an EV charger, an exceptional convenience. Savoy is known for its lush landscaped courtyards and resort-style amenities including pool, spa, fitness center, screening room, business center, rooftop deck, and 24-hour attended lobby with guest parking. Just moments from Little Tokyo's best dining, cafes, markets, and cultural landmarks, with easy access to the Arts District and major transit lines. A rare opportunity to own one of the most desirable layouts in a prime Downtown location.

100 S Alameda Street Unit 432, 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.