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

Welcome to Downtown Los Angeles (C42), a vibrant urban hub that blends the rich history of the City of Angels with modern sophistication. Nestled in the heart of Los Angeles County, this dynamic district is a tapestry of culture, art, and innovation. With its iconic skyline, Downtown L.A. is not just a place to live; it’s a lifestyle brimming with opportunities.

One of the most appealing aspects of living in Downtown L.A. is the diverse array of homes available, particularly those featuring two-level stories. These multi-story residences provide an ideal balance of space and privacy, catering to a variety of lifestyles. Imagine stepping into your stylish abode, where the main level serves as a welcoming space for entertaining guests, while the upper level offers a serene retreat to unwind after a bustling day in the city.

Downtown L.A. is a neighborhood that never sleeps, offering an eclectic mix of trendy restaurants, chic boutiques, and cultural landmarks. From the iconic Walt Disney Concert Hall to the bustling Grand Central Market, residents can enjoy a plethora of activities just steps from their front door. The area is also well-connected with public transportation, making it easy to explore the greater Los Angeles area.

Whether you’re a young professional seeking an urban oasis or a family looking for a vibrant community, Downtown L.A. with its two-level homes offers the perfect blend of comfort and convenience. Embrace the energy of the city while enjoying the spaciousness and charm of your multi-story residence in this iconic neighborhood. Discover your dream home in Downtown L.A. today!

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

$750,000

6 Beds ⋅ 3 Baths ⋅ DW26160611 MLS

Exceptional Duplex Opportunity in the Heart of Los Angeles! Whether you’re an owner-occupant or a multi-family, this versatile 6-bedroom, 3-bathroom duplex offers outstanding potential. Live in one unit while generating rental income from the other, or add a strong income-producing property to your investment portfolio.Ideally situated just minutes from Downtown Los Angeles, this property provides convenient access to major freeways, shopping, dining, schools, public transportation, and many of the city’s top employment and entertainment destinations. With strong demand for housing in this central location, this duplex presents an excellent opportunity for long-term ownership and investment.Don’t miss your chance to own a valuable piece of Los Angeles real estate with both lifestyle and income potential. Schedule your private showing today!

1223 E 46th, Los Angeles

$849,995

SB26146543 MLS

Don't miss this rare opportunity to acquire a well-maintained, income-producing triplex in the heart of Los Angeles. Ideally situated just minutes from Downtown Los Angeles, the Arts District, and USC, this property offers investors a compelling combination of stable rental income, future appreciation, and value-add potential. The property features an attractive unit mix consisting of two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each residence has been meticulously cared for, providing a solid foundation for long-term ownership. Situated on a generously sized lot with ample off-street parking, the property may offer the opportunity to add an additional unit at the rear of the lot (buyer to verify with the City of Los Angeles), creating even greater income potential. Tenants are responsible for their own gas and electricity, helping to minimize operating expenses and maximize cash flow. Properties of this caliber, in this location, and with this level of upside rarely come to market. Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this is an opportunity you won't want to miss.

725 E 40th Place, Los Angeles

$1,895,250

SR26138305 MLS

*** 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 highdemand 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

$1,200,000

8 Beds ⋅ 4 Baths ⋅ PW26148827 MLS

Exceptional investment opportunity in Los Angeles! This well-maintained four-unit income property offers immediate cash flow with all units currently tenant occupied, making it an ideal addition to any investment portfolio. The property features a rare combination of ample on-site parking, including a large parking pad as well as a separate fully paved bonus parking lot—providing valuable convenience for tenants and potential future flexibility. Situated on a generously sized lot, this multi-family property offers strong rental appeal in a high-demand location with easy access to shopping, dining, public transportation, major freeways, and local employment centers. Whether you're a seasoned investor looking to expand your portfolio or seeking a stable income-producing asset with long-term upside, this Los Angeles fourplex presents an outstanding opportunity to own a solid multi-unit property in one of Southern California's most sought-after rental markets.

1063 E 49th Place, Los Angeles

$1,200,000

PW26148828 MLS

1063 E 49th Place, Los Angeles

$849,900

SB26136713 MLS

Excellent opportunity to own this income producing 2,755 square feet duplex situated on 6,000 sq feet lot with 2 car garage, gated entrance, and a long driveway providing ample additional parking. ONE STORY 4BEDROOM 2BATHROOM FRONT UNIT (232 E 47TH STREET) offers spacious garden like front yard with mature avocado tree. ADDED IN 2015 WITH PERMITS, 2 STORY 3BEDROOM 3BATHROOM REAR UNIT (234 E 47TH STREET) has a private back yard paved with concrete allowing privacy and parking for several vehicles. Both Units have functional floor plans, inside laundry areas, granite counter tops, and separate gas and electric meters. Property has strong in place rents with long standing reliable tenants and might qualify for additional JADU/garage conversion to provide another income venue. (Buyer and Buyer's agent have to exercise their own due diligence with City of LA). Seller might be able to deliver the back unit vacant, but GIVES NO GUARANTEE. Close proximity to all major freeways and downtown LA provides a great potential for a long term real estate investment.

232 E 47th, Los Angeles

$415,000

2 Beds ⋅ 1 Baths ⋅ PW26143022 MLS

Experience elevated urban living in this beautifully remodeled top-floor loft offering breathtaking city light views from your private rooftop patio. Flooded with natural light from expansive windows, this open concept residence blends modern style with functional design. The updated kitchen features newer stainless steel appliances and seamlessly flows into the spacious living and dining areas. Upstairs, the versatile loft provides additional open space perfect for a home office, guest area, or potential second bedroom. In unit washer and dryer, elevator access, and one assigned underground parking space (with potential for a second). The gated community offer resort-style amenities including a pool, spa, BBQ area, evening security (5pm-7am), and video surveillance for added peace of mind. Ideally located within walking distance to Crypto.com Arena, L.A. Live, Los Angeles Convention Center and minutes away from USC.

1119 Albany, Los Angeles

$1,200,000

5 Beds ⋅ 2 Baths ⋅ DW26142569 MLS

**Charming Income-Producing Property with Permitted ADU!** Excellent opportunity to own this spacious 5-bedroom, 2-bathroom home located in a prime Los Angeles location. The property also features a **permitted 1-bedroom, 1-bathroom ADU**, offering excellent potential for rental income, multigenerational living, or a private guest suite. Conveniently situated near schools, shopping, public transportation, and with easy access to major freeways, this property is also just minutes from **Crypto.com Arena**, LA Live, and Downtown Los Angeles. Combining comfort, flexibility, and investment potential, this home is ideal as a primary residence with additional income or as an investment property. Don't miss this unique opportunity to own a versatile property in a highly desirable in Los Angeles location!

1312 Arapahoe, Los Angeles

$1,290,000

IV26128936 MLS

Located blocks away from USC. Motivated seller offering an exceptional investment opportunity with this well kept 4-unit building. The property falls within the USC Department of Public Safety University Park Campus Patrol Area, per the published USC DPS patrol map. Buyer to verify patrol boundaries and services directly with USC DPS. Each unit has 1 bedroom, 1 full bathroom, a large main living area, ample kitchen, and a bonus room. This property places residents near USC, University Village, Mount Saint Mary's University, LA Live, BMO Stadium, shopping centers and less than 15 miles from LA area beaches. Potential for high rental value in a very popular area for investors. Water supply lines have been updated to copper. Property may offer ADU potential. Buyer to verify all requirements, feasibility, and approvals. DO NOT DISTURB THE TENANTS. Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer and buyer’s representative must verify the information above and bear all risk for any inaccuracies.

2208 Toberman Street, Los Angeles

$759,800

DW26125669 MLS

Outstanding value-add investment opportunity in South Los Angeles. This two-story, 4-unit quadruplex sits on a 7,147 sq ft lot in the high-demand 90011 corridor, just off Avalon Blvd and minutes from Downtown LA, USC, the Metro, and the 110 Freeway. Built in 1919 (LARD2 zoning), the building offers approximately 2,730 sq ft across four separate units with a total of 4 bedrooms and 4 bathrooms. With a Walk Score of 97, the location offers exceptional everyday convenience. The property is fully tenant-occupied and subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), providing steady in-place income with strong upside potential through natural unit turnover and market repositioning. A rare chance to acquire a stabilized cash-flowing asset with long-term appreciation in a rapidly evolving rental submarket. Buyer to verify all information, rents, square footage, unit count, permits, and condition through independent investigation. Do not disturb tenants — drive by only; interior access with accepted offer.

786 E 41st, Los Angeles

$875,000

OC26126352 MLS

INCREDIBLE UPSIDE INVESTMENT OPPORTUNITY! Potential to build up to four (4) additional ADUs in the area currently designated for parking, creating significant future income potential Prime 4-unit investment opportunity just steps from USC and located within the USC Security Patrol Zone. This newly restored apartment building offers an exceptional location near USC, the LA Memorial Coliseum, BMO Stadium, the Natural History Museum, and Downtown Los Angeles. Subject to LA City RSO rent control, the property presents significant upside potential with one unit currently eligible for eviction due to non-payment. Based on comparable rentals in the area, a renovated unit may support substantially higher rental income. Ideal for investors or owner-occupants seeking a value-add opportunity with strong long-term cash flow potential in one of Los Angeles' most well-priced rental markets.

1256 W 22nd, Los Angeles

$1,350,000

IG26126076 MLS

Two Houses, Two Addresses on a 7504 sq ft Lot, R2 zoning. The Front house( 807 E 21 St) is 3340 sq ft, Two stories with main floor (3 Bedroom/Den/3 bath plus upstairs ( 1bd/den/1ba). The Rear house is 1840 sq ft, newer building with 4 Studios, received a Certification of Occupancy on 2024. It is good for Owner occupy and rental income property or an investment property. The property is located at a very convenient location: proximity to Downtown Los Angeles, USC, and FWY 10,110, 101, 60, and 710.

807 E 21st Street, Los Angeles

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.