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

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

Welcome to Downtown Los Angeles (C42), a vibrant hub of culture, creativity, and opportunity nestled in the heart of California's bustling metropolis. Renowned for its eclectic blend of historic charm and modern sophistication, this dynamic region offers an exceptional lifestyle that attracts residents from all walks of life.

Downtown L.A. is a true melting pot, brimming with diverse neighborhoods, each offering its own unique flair. From the iconic skyscrapers of the Financial District to the artistic vibes of the Arts District, there’s something for everyone. Enjoy the convenience of world-class dining, shopping, and entertainment right at your doorstep. The area is home to renowned venues like the Walt Disney Concert Hall and the Los Angeles County Museum of Art, ensuring that culture and creativity are always within reach.

For those considering a move to this vibrant city, Downtown L.A. presents a fantastic opportunity in the apartment market. With a variety of homes featuring modern amenities and stunning city views, residents can enjoy the perfect blend of comfort and style. Many apartments are designed with open-concept layouts, high ceilings, and luxurious finishes, catering to the needs of urban dwellers who appreciate both aesthetics and functionality.

Living in Downtown Los Angeles means embracing an active lifestyle, with easy access to parks, fitness centers, and a plethora of events throughout the year. Whether you’re looking for a chic studio or a spacious multi-bedroom apartment, the Downtown L.A. real estate market is flourishing, making it an ideal place to call home. Experience the energy and excitement of this iconic city—your new urban adventure awaits!

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

$1,150,000
SR26162861 MLS ⋅ Active Status
Toberman House - a beautifully restored 1899 Historic Victorian in the South Park / Pico-Union area, blocks from Downtown LA, LA Live and Metro. Offered at $1,150,000. Five legal units (studios, a one-bedroom and a two-bedroom) plus an on-site parking space, fully renovated in 2022 with mini-split A/C and in-unit laundry hookups. Priced at a 5.40% in-place cap rising to a 5.65% pro forma, with contracted lease-up and mark-to-market on housing-assisted units for stable, government-supported cash flow. Buyer to verify all figures, unit legality and square footage.

1703 Toberman Street, Los Angeles
$1,500,000
SR26162859 MLS ⋅ Active Status
The Victorian at 11th Place - a beautifully renovated 1900 Historic Victorian in Pico-Union / Central Los Angeles, offered at $1,500,000. Six legal units operated as 11 income keys (four studios, by-the-bedroom rooms, and an income-producing ~1,000 SF live/work loft), fully renovated with new kitchens, baths, flooring and mini-split A/C. 100% leased at a 6.10% in-place cap rising to a 6.75% pro forma, with on-site laundry and five on-site parking spaces. Additional upside through a rear-yard detached ADU (buyer to verify feasibility) and mark-to-market of the by-the-bedroom rooms. Steps to DTLA, USC and Metro. Buyer to verify all figures, unit legality, square footage and development potential.

1840 W 11th Place, Los Angeles
$3,525,000
TR26148256 MLS ⋅ Active Status
A 16-unit apartment building that was built in 1983 and not subject to rent control. The property features an attractive unit mix consisting of 6 one-bedroom units and 10 two-bedroom units. Amenities include 21 gated parking spaces and also offers the convenience of an on-site laundry facility, providing additional value for both residents and ownership. Ideally located approximately half a mile from the 110 Freeway, the property offers excellent connectivity to Downtown Los Angeles, USC, and major employment centers throughout the region. Residents enjoy convenient access to public transportation, shopping, dining, and neighborhood services. Nearby attractions include BMO Stadium, the Los Angeles Memorial Coliseum, and Arena, while educational institutions such as the University of Southern California and Los Angeles Trade-Technical College further enhance the area's appeal. The property's central location and strong accessibility support sustained rental demand and long-term investment potential. Exempt from local rent control regulations, the property offers investors the opportunity to capitalize on the current rental upside in a centrally located Los Angeles submarket supported by strong and diverse tenant demand.

7001 S Main Street, Los Angeles
$1,049,000
TR26134027 MLS ⋅ Active Status
Prime 5-Unit Income Opportunity in High-Demand LA Rental Market! Excellent investment asset featuring two separate buildings on one lot. The front structure consists of four 2BR/1BA units, while the rear features a detached 3BR/1BA home. Ideal for a savvy investor or an owner-occupant looking to house-hack. All units are fully occupied, offering steady cash flow with great long-term rental upside. Individual gas and electric meters keep landlord expenses to a minimum. Centrally located in the heart of LA near BMO Stadium, the Coliseum, and Downtown, with effortless access to freeways, transit, and shopping. A low-maintenance, high-yielding portfolio addition!

158 W Martin Luther King Jr, Los Angeles
$4,940,000
SB26084832 MLS ⋅ Active Status
We are pleased to present 1009 E 29th St, a newly constructed 19-unit multifamily asset located in a central Los Angeles submarket with convenient access to Downtown Los Angeles and surrounding employment centers. ***The property is nearing Certificate of Occupancy and will be delivered 100% vacant, providing investors with full operational control and the ability to implement a customized lease-up strategy from inception. >>The asset offers a more manageable scale relative to larger developments, allowing for a more efficient lease-up and reduced execution risk. The building is fully ADA compliant, supporting a wide range of operational strategies, including workforce, voucher-based, or supportive housing.*** As new construction, the property requires no immediate capital expenditure, offering a stabilized physical plant and allowing ownership to focus on leasing and operations. The vacant delivery further enhances flexibility, eliminating tenant-related constraints and enabling immediate occupancy. << The location provides access to major transportation corridors, public transit, and a broad base of employment drivers throughout the Downtown Los Angeles area, supporting long-term rental demand. 1009 E 29th St presents an opportunity to acquire a newly delivered multifamily asset with operational flexibility, reduced near-term capital needs, and a clear path to stabilization.

1009 E 29th Street, Los Angeles
$2,050,000
SB26074038 MLS ⋅ Active Status
We are pleased to present this eight-unit investment opportunity located in the City of Los Angeles. The property features an attractive unit mix of eight 2-bedroom, 1-bath units, totaling approximately 6,383 rentable square feet on a 6,214 square foot lot. Recent upgrades include six units renovated with new cabinets, lighting, ceiling fans, and bathroom vanities. Amenities include a gated entry, large parking area with nine spaces, and separate gas and electric meters for each unit.

7104 san pedro, Los Angeles
$1,098,000
OC26017109 MLS ⋅ Active Status
Corner property has two address: House = 340 w. 62nd St & 4 units = 6210 Grand Ave. All units are 2 bedrooms & 1 bath. House & 2 units had been upgraded. Property is very private secured gate & fences with lock access. Property is well-maintained. Property has camera system in common area and parking areas. Property has many lights and well led at night. Total 10 parking space, 4 parking spaces in the front & 6 parking in the back. Each unit has 2 parking spaces.

340 W 62nd Street, Los Angeles
$3,200,000
OC26040247 MLS ⋅ Active Status
Well-located 12-unit apartment building in the heart of Westlake, directly across from LAPD Newton Division headquarters, which brings a real sense of stability and safety presence to the block. The property is fully occupied and currently produces steady rental income, making it suitable for an owner who wants cash flow from day one. Over time, rents have room to grow as units turn, and the underlying land sits in an area the City is actively encouraging more housing. It’s uncommon to find a Westlake property directly across from a police station with this level of zoning flexibility already in place. Opportunities with this combination of location, stability, and future potential don’t come up often — and when they do, they tend to move quickly.

517 Loma, Los Angeles
$3,150,000
SR26039501 MLS ⋅ Active Status
Investment Highlights • Comprehensive 2024 Gut Renovation with New COFO: The entire building was gut renovated, resulting in a new Certificate of Occupancy issued in 2024. Over $1.2 million in capital improvements were completed, including all-new plumbing, electrical systems, drywall, paint, flooring, and cabinetry. This turnkey status provides investors with a high-quality asset and minimal immediate maintenance requirements. • Proven Micro-Unit Model with Strong Rental Yield: The building features 23 units comprised primarily of micro-units (87% studios) designed to serve budget-oriented residents in Los Angeles. This high-efficiency model yields an impressive rent of $5.28 per square foot, justifying the property's valuation through proven rental demand for smaller, affordable living spaces. • Immediate Financial Performance and High Returns: At an asking price of $3,150,000, the property offers a current CAP rate of 6.25% and a 4.04% Cash-on-Cash return, with substantial mark-to-market upside as legacy leases are brought to the property’s own recently-achieved renovated rents. • Substantial Built-In Revenue Upside: There is significant potential for growth, with the pro forma CAP rate projected at 7.74% and a Cash-on-Cash return of 9.02%. Financial projections show that monthly income can grow from the current $34,290 to a market rate of $38,337, representing an approximately 12% revenue increase as legacy leases are marked to market. • Strategic Location in Historic South Central Hub: Located at 440 E 27th Street, the property is nestled in a thriving rental hub near the University of Southern California (USC) and major transit routes like the Expo Line. The neighborhood is experiencing active revitalization and sits within a demographic area projected to have an average household income of $81,857 within a 3-mile radius by 2026.

440 E 27th, Los Angeles
$1,075,000
DW26014864 MLS ⋅ Active Status
Excellent opportunity to acquire a remodeled 6-unit residential income property in the heart of Los Angeles—conveniently located near USC, Los Angeles Coliseum, BMO Stadium, Downtown LA, Fashion District, Crypto.com Arena, Dodger Stadium, and more. Ideal for investors seeking a strong rental portfolio and/or owner-user potential in a high-demand rental market. The property features two separate buildings with frontage on San Pedro Pl and Wall St, plus dual access from both streets. Recent improvements include new windows and new stucco, with additional upgrades throughout. The three units that are going to be delivered vacant will be moving ready. Unit Mix: Four (4) units: 2 Bedrooms / 1 Bath Two (2) units: 1 Bedroom / 1 Bath Vacancy: TWO (2) units delivered vacant — two (2) 2BR/1BA and , offering immediate upside potential through market rents or a convenient owner-occupy option.Don’t miss this rare Los Angeles multi-unit opportunity—perfect for long-term hold, rental growth, and portfolio expansion

4257 San Pedro Place, Los Angeles
$2,375,000
SR26000511 MLS ⋅ Active Under Contract Status
Villa Coronado is a well-maintained 14-unit garden-style apartment property located at 534 and 542 South Coronado Street in the Westlake District of Los Angeles. The property consists of two separate buildings situated on individual APNs and features classic architectural character and long-term ownership potential. Located on a quiet, tree-lined residential street, the property includes mature landscaping, garden pathways, and landscaped seating areas that create a cohesive residential environment. Constructed in 1922 and 1924, the two wood-frame buildings feature flat roofs and smooth stucco exteriors consistent with early Los Angeles architectural design. The property contains approximately 11,430 square feet of residential living area across two parcels totaling approximately 12,804 square feet and is zoned LAR3. The unit mix includes two studio units, ten one-bedroom units, one two-bedroom unit, and one two-bedroom-plus-den unit. Units feature open layouts, high ceilings, natural light, and original architectural details such as crown molding and hardwood-style flooring. Select units include individual hot water heaters and in-unit washer and dryer hookups. Parking is located off Ocean View Avenue and includes four surface spaces and four enclosed garages. The property has undergone improvements over time. The Westlake District is located just west of Downtown Los Angeles and offers convenient proximity to surrounding neighborhoods, including Koreatown and Hollywood. The area features a mix of historic, mid-century, and modern residential architecture. MacArthur Park serves as a central neighborhood amenity and includes landscaped open space and the Levitt Pavilion, which hosts public programming and live performances. Alvarado Street and Wilshire Boulevard function as key commercial corridors, while Metro rail and bus lines provide connectivity throughout the greater Los Angeles region.

534 S Coronado, Los Angeles
$975,000
CV25101490 MLS ⋅ Active Status
Located just blocks from USC in the heart of Los Angeles, this prime investment property features two buildings: a front four-unit structure with 1-bedroom, 1-bath units, and a rear detached single-family home with 3 bedrooms and 2 baths. Ideal for student housing or long-term investment, it offers strong rental potential in a high-demand area. The seller complies with Los Angeles Rent Control regulations and provides tenant relocation credits up to the maximum allowed. A rare opportunity combining location, value, and income potential.

1038 W 21st 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.