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

Welcome to Downtown Los Angeles (C42), a vibrant and dynamic urban hub where modern living meets rich history. Nestled in the heart of Los Angeles County, this iconic district is known for its stunning skyline, cultural diversity, and thriving arts scene. With a perfect blend of bustling city life and serene residential neighborhoods, Downtown L.A. offers an unparalleled lifestyle that appeals to both young professionals and families alike.

One of the standout features of this area is the availability of homes with two-level stories. These multi-story residences provide a unique opportunity for spacious living, allowing for a distinct separation of private and communal spaces. Imagine waking up in a sun-drenched master suite on the upper level, while the lower level serves as a lively gathering space for family and friends. Whether you’re looking for a chic loft or a contemporary townhouse, the two-level homes in Downtown L.A. cater to a variety of tastes and preferences.

Living in Downtown L.A. means being just steps away from an array of world-class dining, shopping, and entertainment options. Explore the trendy eateries of the Arts District, catch a show at the historic Orpheum Theatre, or enjoy a leisurely stroll through Grand Park. With convenient access to public transportation and major freeways, commuting to other parts of Los Angeles is a breeze.

Experience the best of urban living in Downtown L.A. where two-level homes await to provide you with the space and style you desire. Your dream home in this exhilarating city is just around the corner!

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

$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

$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

$1,250,000

9 Beds ⋅ 6 Baths ⋅ 26991539 MLS ⋅ Active Status

BUILT IN 2021 | NOT SUBJECT TO LA CITY RSO PER SELLER | 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

$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

$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

$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

$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

$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

$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

$1,125,000

12 Beds ⋅ 7 Baths ⋅ 26982531 MLS ⋅ Active Status

Investor' s Prime location, just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, Thomas Jefferson High School and Exposition Park, where the 2028 Olympics will be held! The property consists of 7 large UNITS / 2 two story buildings , with an attractive combination of existing income and long-term upside, a great unit mix consisting of (4) 2 Bed / 1 Bath, (3) 1 Bed / 1 Bath units. Excellent in-place cash flow on day one, with the benefit of an additional of 35% upside in rents. POSITIVE cash on cash return with current rents. ESTIMATED 7.36 % cap rate, 9.21GRM. Electric and Gas utilities for both buildings are separately metered. Inside with an accepted offer. Fully occupied building , do not disturb tenants . call agent for ore information and Make an offer on the car form RIPA.

4222 Hooper Avenue, Los Angeles

$1,249,000

7 Beds ⋅ 6 Baths ⋅ 26989285 MLS ⋅ Active Status

Large and very spacious duplex, updated and full of character, with one vacant unit. Perfect opportunity to live there and enjoy income from the other unit. Ground floor unit (128 S Hoover) features 4 bedrooms and 3 bathrooms, with tenants paying $3375 per month. Convenient, functional floor plan, side patio area and parking. The upper unit (130 S Hoover) is 3 bedrooms, 3 bathrooms and is being delivered vacant. Both units have been tastefully remodeled for maximum appeal, featuring newer stainless steel kitchen appliances and quartz countertops, updated bathrooms and laminate flooring. The lot has been gated and features drought resistant landscaping for easy maintenance. Private hedged front yard, ideal for quiet contemplation. There is a one car garage, plus space for two additional cars to be parked in the driveway. Terrific location in up and coming Rampart Village, situated between Koreatown and Silver Lake, with close proximity to DTLA.

128 S Hoover 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.