Downtown L.A. (C42) Homes with Apartment Subtype

Downtown L.A. (C42) Homes with Apartment Subtype

Welcome to Downtown Los Angeles (C42), a vibrant urban oasis that embodies the dynamic spirit of Los Angeles. Nestled in the heart of the city, this area is a melting pot of culture, commerce, and creativity. Known for its iconic skyline, Downtown L.A. is home to a diverse array of architectural styles, from historic buildings to sleek modern high-rises. The area boasts a rich tapestry of neighborhoods, each with its own unique charm and character.

The allure of Downtown L.A. extends beyond its stunning views; it offers a lifestyle that is both exciting and convenient. Residents enjoy easy access to world-class dining, shopping, and entertainment options. Stroll through the bustling streets and discover trendy cafes, art galleries, and vibrant nightlife. With landmarks like the Walt Disney Concert Hall and the historic Olvera Street, there’s always something new to explore.

For those seeking the perfect home in this thriving metropolis, Downtown L.A. offers a variety of apartment options that cater to different lifestyles. From chic studios to spacious multi-bedroom units, these residences provide modern amenities and breathtaking views of the cityscape. Many apartments feature open floor plans, high ceilings, and stylish finishes, creating a welcoming atmosphere that feels like home.

Living in Downtown L.A. means embracing an urban lifestyle without sacrificing comfort. With excellent public transportation options and proximity to major business districts, this area is ideal for professionals and creatives alike. Experience the best of Los Angeles living in Downtown L.A.—where every day is an adventure waiting to unfold!

Newest Downtown L.A. (C42) Homes with Apartment Subtype

2401 W 10th Street, Los Angeles
$1,145,000
SR26241254 MLS ⋅ Active Status
Presenting a seven-unit bungalow-style multifamily investment opportunity in the Westlake/MacArthur Park neighborhood of Los Angeles. Built in 1923, the property features seven individual bungalow structures totaling approximately 3,450 square feet on an approximately 6,789-square-foot LAR4-zoned lot. The property offers a unit mix of five one-bedroom/one-bath units and two two-bedroom/one-bath units. Improvements include a new Siemens main electrical panel and subpanels, individual water heaters for each unit, and separate gas and electric meters. Select units feature upgraded modern interiors, providing a foundation for additional improvements and a value-add investment strategy. Investors have the opportunity to pursue targeted interior renovations, exterior enhancements, and operational improvements, with approximately 17.7% potential rental upside based on current underwriting. The LAR4 zoning may also provide future redevelopment opportunities, subject to applicable City of Los Angeles regulations, development standards, and approvals. Situated near Olympic Boulevard and Hoover Street, the property offers convenient connections to Downtown Los Angeles, Koreatown, Pico-Union, and surrounding employment and entertainment destinations. Nearby amenities include MacArthur Park, Metro rail service, neighborhood retail, restaurants, and major transportation corridors. With its distinctive bungalow configuration, existing income stream, and potential for additional value creation, the property presents an opportunity to acquire a multifamily asset in a centrally located Los Angeles rental market.

2401 W 10th Street, Los Angeles
4610 Compton Avenue, Los Angeles
$795,000
SR26235651 MLS ⋅ Active Status
4610 Compton Avenue is a five-unit multifamily property located in the Central-Alameda neighborhood of Los Angeles, near Downtown Los Angeles, the City of Vernon, and the Metro A Line Vernon Station. Built in 1962, the property encompasses approximately 3,124 square feet of building area on an approximately 4,880-square-foot lot zoned LAC2. The property reflects an underwritten 6.14% cap rate and 8.41 GRM, incorporating projected monthly rent of $1,995 for one two-bedroom/one-bath apartment. The unit mix consists of one one-bedroom/one-bath apartment, two two-bedroom/one-bath apartments, one two-bedroom/two-bath apartment, and one three-bedroom/one-bath apartment. Two- and three-bedroom units comprise 80% of the residential mix, providing a concentration of layouts with additional bedroom capacity. The property's reported average occupancy of 98% over the preceding twelve months reflects its recent leasing history. One two-bedroom/one-bath apartment is available for leasing. The property presents approximately 36.2% rental upside potential based on projected market rents, subject to applicable rent regulations and leasing outcomes. Eight on-site parking spaces in the rear parking area complement the residential configuration. The property is located near the historic Central Avenue corridor, Pacific Boulevard shopping district, South Park Recreation Center, and employment centers in Vernon and Downtown Los Angeles. Nearby Metro A Line service and the 110 and 10 freeways provide transportation connections throughout Los Angeles.

4610 Compton Avenue, Los Angeles
626 E 51st, Los Angeles
$850,000
SB26226564 MLS ⋅ Active Status
8.30% Current Cap Rate!! 626 E 51st St presents an attractive opportunity to acquire a 5-unit multifamily investment property in Los Angeles, offered at $850,000. The property delivers a compelling 8.30% current cap rate and 7.38 GRM, with pro forma rents indicating an 18.84% increase in scheduled income and meaningful potential for enhanced returns. Built in 1911, the property encompasses approximately 3,265 SF of building area on a 4,680 SF lot, equating to approximately $260/SF. The unit mix consists of (1) 1 Bed/1 Bath, (3) 2 Bed/1 Bath, and (1) 3 Bed/1 Bath units, complemented by 4 on-site parking spaces. Ideally situated in Los Angeles, CA 90011, the property benefits from proximity to major employment centers, established retail corridors, and public transportation. Its diverse unit mix, attractive in-place returns, and rental upside make it a compelling opportunity for investors seeking strong cash flow with additional value-add potential.

626 E 51st, Los Angeles
134 E 31st Street, Los Angeles
$925,000
PW26221449 MLS ⋅ Active Status
3 BEDROOM 2 BATH UNIT VACANT AT COE, offering a new owner the opportunity to OWNER OCCUPY the unit or lease it while benefiting from income generated by the remaining units. Including the pro forma rent for the vacant 3-bedroom unit, the property generates just under $7,000 in monthly rental income. 134 E 31st Street is a 4-unit multifamily opportunity featuring a unit mix of (1) 3+2, (2) 2+1, and (1) 1+1. The remaining units are occupied by long-term tenants, providing dependable in-place income and stability from day one. This creates an attractive balance of reliable current cash flow, immediate lease-up potential, and long-term rental upside as units turn over over time. Located just east of USC and Exposition Park, the property benefits from proximity to Downtown Los Angeles, major employment centers, transit, the LA Memorial Coliseum, BMO Stadium, the California Science Center, and other major destinations. Its central location, established tenancy, and immediate vacancy make 134 E 31st Street a compelling opportunity for both investors and owner-users seeking long-term value in Los Angeles.

134 E 31st Street, Los Angeles
211 E 55th Street, Los Angeles
$1,250,000
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 $1,250,000. 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 7.56% Cap Rate and 7.92 GRM, providing investors with an attractive day one-yield. Pro forma rents reflect a 18% 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
2507 W 4th, Los Angeles
$899,000
BB26212477 MLS ⋅ Active Status
Original LA Spanish style building. 6 Units - (2) 2 + 1, (4) 1+ 1 with additional single (guest room -permits unknown) covering 3,828 sqft Bldg. Rents are being collected on 7 units. LADBS has property listed as 6 units, LAHD has 7 units paying rents. Current owners have acquired the property in its current configuration years ago. Property is gated for privacy and security with plenty of parking behind building on this 6,496 sq ft lot. Separate coin op laundry room. Fully occupied, Located in the heart of Los Angeles' Westlake/Downtown sub-market. Close to Downtown Los Angeles, Echo Park, Koreatown, retail Shops, public transportation and Freeways. Sale is contingent upon Seller securing upleg of choice and effecting a 1031 exchange. Seller will look at all offers. OSTI. Sold AS IS.

2507 W 4th, Los Angeles
1978 Bonsallo, Los Angeles
$1,500,000
PW26202470 MLS ⋅ Active Status
We are pleased to present 1978 Bonsallo Avenue, a 6-unit multifamily investment opportunity in University Park, Los Angeles. Built in 1923, the two-story, 3,456 SF building sits on a 6,244 SF lot one block south of the I-10 — roughly a mile north of the USC campus and Exposition Park and two miles from Downtown Los Angeles, in one of the most renter-dense pockets in the city. The property offers a well-balanced mix of one 3-bed / 2-bath, two 2-bed / 1-bath, one 1-bed / 1-bath and two studio units. Interiors have been renovated with new shaker cabinetry, stone-look counters, stainless appliances, luxury vinyl plank flooring and updated tiled baths; gas and electricity are separately metered to each unit, and a large front parking court and rear balcony complete the offering. Average in-place rent of $2,115 sits well below market — pro forma rents of $2,441 represent roughly 15% upside on natural turnover. Offered at $1,500,000 ($250,000 per unit, $434.03 per SF), the asset delivers a 7.02% in-place cap rate growing to 8.46% pro forma and a 9.85 GRM, with demand anchored by USC, Exposition Park and Downtown's 325,000 jobs.

1978 Bonsallo, Los Angeles
1352 E 21st Street, Los Angeles
$815,000
SB26201918 MLS ⋅ Active Status
1352 E 21st St presents an exceptional opportunity to acquire a 5 unit multifamily property in Los Angeles, offered at $815,000. The building consists of (2) 1 Bed/1 Bath, (2) 2 Bed/1 Bath, and (1) 3 Bed/1 Bath Units, providing a desirable unit mix that caters to a wide tenant pool. Additionally, the property provides 8 parking spaces, all situated on 5,184 rentable square feet. With a 7.15% Cap Rate and 8.81 GRM, the asset delivers solid day- one returns while still offering room to enhance value through rent optimization. Pro forma rents reflect a 45.27% increase in scheduled income, highlighting meaningful value-add upside. Located in a growing pocket of Los Angeles, the property is surrounded by trendy cafes, popular restaurants, and boutique retail, with convenient access to Downtown Los Angeles and major transit corridors. The area's strong rental demand and ongoing revitalization continue to support long-term appreciation.

1352 E 21st Street, Los Angeles
162 W 65th Street, Los Angeles
$1,150,000
SB26201104 MLS ⋅ Active Under Contract Status
162 W 65th St offers a rare opportunity to purchase a four-unit property in a strong pocket of South Los Angeles, with 1 unit delivered vacant. The property features a great mix of units, including a VACANT and newly constructed 3 Bed/2 Bath unit, along with three additional units consisting of (1) large 4 Bed/2 Bath front house, (1) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units. The variety of unit mixes and 4 on-site parking spaces in the back of the property makes it attractive to a wide range of renters. Built in 1941, the property totals approximately 3,312 SF on a 6,690 SF lot ($347/SF). Based on market rents, the property has the potential to generate nearly $12,000 per month in gross income, making it a strong opportunity for an investor seeking solid cash flow. Priced at $1,150,000, the property is is currently operating at a 9.17% Cap Rate and 8.19 GRM, with upside potential. 162 W 65th St is well positioned in Los Angeles, CA 90003, close to major employment centers, retail corridors and transit, in a rental market characterized by consistent demand and long-term appreciation.

162 W 65th Street, Los Angeles
221 S Bonnie Brae, Los Angeles
$1,149,000
WS26198637 MLS ⋅ Active Status
221 S Bonnie Brae Street presents the opportunity to acquire a fully occupied 6-unit multifamily asset in the heart of Los Angeles' Westlake/Downtown L.A. submarket. Situated between Beverly Boulevard and West 3rd Street, west of Alvarado Street, the property benefits from proximity to Downtown Los Angeles, Koreatown, Echo Park, employment centers, public transportation, retail amenities, and major regional thoroughfares. The property is with six occupied apartment units positioned on a lot that extends from the street to the alley, providing functional access and parking accommodations. Owner has updated the electrical panel per insurance requirements. Each unit is individually metered for electricity, gas, and features its own water heater per unit, helping streamline utility management and expense allocations. Residents benefit from on-site parking and a common-area laundry facility that provides an additional revenue component. The property includes six parking spaces, consisting of garage and uncovered parking options accessible from the rear alley. A newly constructed building adjacent to the property reflects ongoing investment activity within the immediate neighborhood.

221 S Bonnie Brae, Los Angeles
526 534 W 47th St, Los Angeles
$3,099,000
SB26190326 MLS ⋅ Active Status
$250,000 PRICE REDUCTION! NOW OFFERED AT $3,099,000. Reduced from $3,349,000, this 19-unit offering consists of two neighboring apartment buildings at 526–534 W 47th Street in Los Angeles. The properties feature eighteen 1-bedroom/1-bathroom units and one 3-bedroom/1-bathroom unit, with approximately 11,953 square feet of building area situated on approximately 15,467 square feet of land. Four units are currently vacant, providing an incoming investor with the opportunity to renovate and lease the units while benefiting from the property’s existing income. Based on projected market rents, the property offers approximately 46% upside in scheduled rental income, increasing from approximately $356,568 to $521,400 annually. The offering consists of two separate parcels, each containing fewer than 16 units, which generally eliminates the state requirement for an on-site resident manager. Conveniently located near the 110 Freeway, USC, Exposition Park, the Los Angeles Memorial Coliseum and Downtown Los Angeles, this offering provides attractive scale, immediate vacant-unit potential and meaningful long-term rental upside.

526 534 W 47th St, Los Angeles
1253 E 46th, Los Angeles
$845,000
SB26172400 MLS ⋅ Active Status
1253 E. 46th St presents a rare opportunity to acquire a well- performing 3-unit multifamily property in Los Angeles, offered at $845,000. The property is currently generating a strong 7.00% cap rate and 10.24 GRM, with pro forma rents indicating approximately 16% upside in scheduled rental income, providing investors with immediate value-add potential. Built in 1913, the property consists of approximately 2,514 square feet of improvements situated on a 7,060 square foot lot, equating to just $336 per square foot. The unit mix includes (2) one- bedroom/one-bathroom units and (1) spacious four- bedroom/one-bathroom unit, complemented by six on-site parking spaces. Ideally located in the heart of Los Angeles, the property offers convenient access to major employment centers, shopping, dining, public transportation, and nearby freeways. With strong in-place cash flow, rental upside, and a desirable unit mix, 1253 E. 46th St presents an attractive investment opportunity in one of Los Angeles' most consistently demanded rental markets.

1253 E 46th, 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.

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