Downtown L.A. (C42) Homes under $2 million

Welcome to Downtown Los Angeles (C42), a vibrant urban hub where the pulse of the city beats strongest. Nestled in the heart of California's iconic city, this dynamic neighborhood is a blend of rich history and modern sophistication, making it a coveted destination for homebuyers seeking a unique living experience.

Downtown L.A. boasts an impressive skyline punctuated by stunning high-rises, historic buildings, and artistic murals that reflect the city's diverse culture. With an array of amenities at your fingertips, residents enjoy easy access to world-class dining, trendy cafes, and eclectic shops. The area is home to cultural landmarks such as The Walt Disney Concert Hall, The Broad Museum, and the bustling Grand Central Market, ensuring that there’s always something exciting to explore.

For those looking to make Downtown L.A. their home, there are fantastic opportunities available, especially for properties priced under $2 million. You'll find a variety of housing options, from chic lofts and modern condominiums to charming vintage apartments. Many of these homes offer breathtaking views of the city, spacious layouts, and contemporary finishes that cater to a stylish urban lifestyle.

Living in Downtown L.A. means embracing a vibrant community filled with art, entertainment, and endless opportunities for adventure. Whether you're a young professional, a growing family, or a retiree looking for an exciting urban experience, Downtown L.A. has something for everyone. Discover your dream home in this thriving neighborhood and immerse yourself in the energy and excitement that only Los Angeles can offer!

Newest Downtown L.A. (C42) Homes under $2 million

1234 Wilshire Boulevard Unit 115, Los Angeles

$375,000

1 Beds ⋅ 1 Baths ⋅ 26996331 MLS

This modern one-bedroom condo is a great entry point to homeownership, setting you up for low-maintenance living with great amenities including a pool. The open-plan living and dining feel airy and bright; the kitchen features a full appliance suite and ample storage, and there is a balcony for morning coffee. The bedroom includes a dedicated desk nook, and the full bath features a soaking tub. Central HVAC, in-unit laundry, and two tandem parking spaces in the secured subterranean garage provide convenience. The well-maintained community provides secured entry, 24/7 security, and concierge service, along with a pool, fitness center, conference room, and outdoor gathering areas with a firepit. The central location puts you near the DTLA Financial and Arts Districts, Koreatown, and Little Tokyo, with Whole Foods, Bottega Louie, Metro stations, and freeway access within easy reach.

1234 Wilshire Boulevard Unit 115, Los Angeles

Listing courtesy of Listing Agent: Tracy B Do (tracy@tracydo.com) from Listing Office: Coldwell Banker Realty.

100 S Alameda Street Unit 235, Los Angeles

$429,000

1 Beds ⋅ 1 Baths ⋅ P1-29163 MLS

Urban living meets resort-style amenities at Savoy, ideally situated at the intersection of Little Tokyo and the Arts District. Uniquely sharing just one wall, this thoughtfully refreshed second-level 1-bedroom, 1-bath residence features an open-concept living and dining area, updated wood-style flooring, a private balcony, and a coveted, light-filled interior location overlooking the landscaped courtyard and pool. The kitchen offers a breakfast bar, while the refreshed, spacious bathroom features generous storage and a full-size in-unit laundry closet. The bedroom includes a walk-in closet plus custom built-ins unique to this unit, providing exceptional additional storage. Savoy offers an impressive collection of amenities including a pool and spa, fitness center, rooftop decks with Downtown LA skyline views, BBQ areas, sports cafe and business center, to name a few. The community also offers 24-hour security, controlled access, and guest parking within the gated garage. Just moments away are the celebrated dining scenes of Little Tokyo and the Arts District, including Michelin-recognized destinations such as Manuela, Bavel, Bestia, Sushi Kaneyoshi and Damian. Some of LA's best restaurants and coffee shops, including Alfred and Verve, as well as acclaimed galleries and shopping destinations like Hauser & Wirth, Dover Street Market and ROW DTLA, are all within easy reach. Everyday essentials can be found at Little Tokyo Market Place, while Metro access and major freeways are nearby, completing this exceptional location. Everything you could possibly need in your immediate neighborhood, what could be better.

100 S Alameda Street Unit 235, Los Angeles

Listing courtesy of Listing Agent: Elle Grant (elle.grant@compass.com) from Listing Office: COMPASS.

100 S Alameda Street Unit 419, Los Angeles

$398,000

1 Baths ⋅ 26998497 MLS

Come home to a bright, thoughtfully updated top-floor studio at Savoy, with high ceilings, a private courtyard-facing balcony and space to settle into your own city routine. The open layout comfortably accommodates living and dining, while a tucked-away sleeping nook with a Murphy bed offers flexibility throughout the day. Light-toned engineered wood floors with cork underlayment provides a cushioned, resilient layer for exceptional underfoot comfort. Recessed lighting throughout create a clean, bright and airy setting. The kitchen features freshly painted cabinetry and updated appliances, while the refreshed bathroom includes a newer vanity, refinished tub/shower and textured stone flooring. Top-down/bottom-up shades provide adjustable light and privacy. A newer HVAC system, in-unit washer and dryer, and one assigned parking space add everyday convenience. Enjoy Savoy's pool and spa, fitness center, rooftop deck, screening room, business center and 24-hour lobby. With Little Tokyo's restaurants, cafes and shops nearby and the Arts District within easy reach, Residence #419 offers a welcoming home base for enjoying Downtown Los Angeles.

100 S Alameda Street Unit 419, Los Angeles

Listing courtesy of Listing Agent: Agnes Ferreyra (Agnes@DTLA-Residential.com) from Listing Office: Realty Source Incorporated.

$1,699,999

16 Beds ⋅ 8 Baths ⋅ 26998473 MLS

For questions and offers please reach out to Anthony (213) 618-9939 Email: anthony@coastalpremierrealtygroup.com. An excellent opportunity to acquire an 8-unit multifamily property in the highly centralized Westlake/Pico-Union area of Los Angeles. The property consists of approximately 5,492 square feet of building area situated on a 7,501-square-foot lot, with LAR3 zoning offering potential flexibility for an investor looking to acquire a well-located Los Angeles multifamily asset. The property is positioned near Westlake/MacArthur Park, Koreatown, Downtown Los Angeles, and major employment and transportation corridors, providing residents convenient access to restaurants, retail, entertainment, employment centers, and public transportation. The Westlake/MacArthur Park Metro station is located nearby, further enhancing this property's accessibility.

1016 S Westlake Avenue, Los Angeles

Listing courtesy of Listing Agent: Kyle Buckley (100kjbucks@gmail.com) from Listing Office: Lyra Residential Inc..

$1,900,000

15 Baths ⋅ 26997915 MLS

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

Listing courtesy of Listing Agent: Max Berger (max.berger@compass.com) from Listing Office: Compass.

$1,295,000

SB26218695 MLS

211 E 55th St presents an attractive opportunity to acquire a 9-unit multifamily investment opportunity in Los Angeles, offered at $1,295,000. 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 7.25% Cap Rate and 8.21 GRM, providing investors with an attractive day one-yield. Pro forma rents reflect a 17.51% 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

Listing courtesy of Listing Agent: Aaron Jacobson (aaron@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..

1130 S Flower Street Unit 215, Los Angeles

$555,000

1 Beds ⋅ 2 Baths ⋅ 26998213 MLS

A rare opportunity to live, work, and create at Flower Street Lofts in the heart of South Park DTLA. The unit offers the versatility of a building zoned and entitled for live/work use, combining residential comfort with space for a home office, creative studio, or business. A flexible built-in area with sliding doors can accommodate office cubicles, creative workspace, or a home gym. The west-facing living area features floor-to-ceiling windows with views toward Oceanwide Plaza, while the bedroom overlooks the building's open-air common corridor. South Park is positioned near the center of Downtown's Olympic activity in 2028, with nearby Crypto.com Arena designated as an LA28 competition venue. Oceanwide Plaza's court-approved sale process and planned revitalization add to the neighborhood's evolving outlook as Los Angeles prepares for the Games. This pet-friendly building places dining, shopping, fitness, and entertainment within easy reach, including Pine & Crane, South Park Grocery, Prank Bar, Sonoritas, Starbucks, LA Live, the Ritz-Carlton, Whole Foods, and Bottega Louie. Nearby Pico Metro Station enhances connectivity, with a Walk Score of 93 and Transit Score of 100. HOA dues include two reserved parking spaces and a Spectrum internet and entertainment package. Discover a distinctive South Park residence offering flexibility, convenience, and a compelling place to call home. Currently tenant-occupied on a month-to-month basis. Agents: Please see private and showing remarks.

1130 S Flower Street Unit 215, Los Angeles

Listing courtesy of Listing Agent: Rasmus Ray Lee (ray@prebroker.com) from Listing Office: Premier Real Estate.

$495,000

1 Beds ⋅ 1 Baths ⋅ 26998079 MLS

BEAUTIFUL LUXURY CONDO ON 26TH FL W/PANORAMIC & STUNNING VUE OF THE L.A. SKYLINE IN ONE OF MOST SOUGHT-AFTER ADDRESSES IN DWTN LA: BUNKER HILL TOWER; BEAUTIFUL HRDW FLR, WALL MIRRORS, RECESSED LIGHTING, UNCOMPROMISING AMENITIES INCLUDE; HEATED SWIMMING POOL, HOT TUB, TENNIS COURTS, BBQ PARK, SAUNA, PRIVATE PARK...WALKING DISTANCE TO SHOPS, RESTRNTS, ENTERTAINEMNT, DISNEY CONCRT HALL, FINANCIAL CENTER, FOOD COURT...EXECUTIVE LIVING AT ITS BEST. MUST SEE TO APPRECIATE! WELCOME HOME!

800 W 1st Street Unit 2607, Los Angeles

Listing courtesy of Listing Agent: Charles Le (Charles@Charleshle.com) from Listing Office: Beverly Hills Fabulous Estates Inc..

$369,000

2 Beds ⋅ 1 Baths ⋅ CV26218018 MLS

We are pleased to present Unit 304 at the historic SB Grand Lofts, located in the heart of Downtown Los Angeles. This approximately 740 SF, 2 bedroom, 1 bath loft offers high ceilings, great natural light, updated laminate flooring, a private balcony, and CitiQuiet windows in the second bedroom with views toward Pershing Square and the Downtown skyline. The kitchen features stainless steel appliances, ample cabinetry, and a breakfast bar. The spacious bathroom includes an oversized soaking tub, shower, and an in-unit washer and dryer. Residents enjoy a rooftop deck with 360-degree city views, pool and spa, fitness center, 24-hour lobby security/concierge, and in-building parking available for an additional fee. Set directly across from Pershing Square and just steps from Metro access, the property is close to Grand Central Market, Spring Street, Grand Park, Little Tokyo, LA Live, Crypto.com Arena, restaurants, nightlife, and many of Downtown’s cultural destinations. A great opportunity for an owner-user or investor seeking a true DTLA loft with a spacious layout, skyline views, and a prime central location. The property also offers added flexibility for investors considering either a traditional rental or short-term rental strategy.

312 W 5th Street Unit 304, Los Angeles

Listing courtesy of Listing Agent: Sean Hwangbo (seanhwangbo@outlook.com) from Listing Office: TNG REAL ESTATE CONSULTANTS.

$2,000,000

16 Baths ⋅ 26997923 MLS

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

Listing courtesy of Listing Agent: Max Berger (max.berger@compass.com) from Listing Office: Compass.

889 Francisco Street Unit 2910, Los Angeles

$550,000

1 Beds ⋅ 1 Baths ⋅ TR26217031 MLS

Enjoy modern living in a high-rise residence in the heart of Downtown LA! This 29th floor luxury condo offers a soaring view of the downtown skyline and great open-space layout. Home futures one bedroom/one bath with a partition in the living space to create a second bedroom. French oak style flooring, chef's kitchen with euro style cabinets and Bosch washer & dryer in the unit makes this a comfortable home, or a great investment. Resort-like amenities include pool, hot tub, sauna, dog park, club house, BBQ area, billiards room and world-class fitness center. HOA dues cover gas, water, trash, sewer, earthquake insurance, controlled access and 24/7 concierge service. Conveniently located close to USC and Cal State LA, walking distance to LA Live/Staples Center, Regal Cinemas, shops, restaurants and so much more!

889 Francisco Street Unit 2910, Los Angeles

Listing courtesy of Listing Agent: Yuanyuan Estrada (yvonne@yourcalihomes.com) from Listing Office: Real Broker.

267 S San Pedro Street Unit 320, Los Angeles

$349,000

2 Beds ⋅ 2 Baths ⋅ 26997857 MLS

Located in the heart of DTLA's historic Little Tokyo is this interior unit offering a soothing setting. Features include two bedrooms, two full bathrooms, living room and cook's kitchen with granite counter tops, plenty of storage cabinetry & stainless steel appliances. The east facing unit provides lots of natural light, affording sun drenched afternoons. The living room slider leads out to a balcony, with storage closet, providing courtyard and DTLA skyline top views. Additional qualities include central air & heat, full side-by-side washer & dryer and one assigned parking space. Teramachi is a 55+ adult condominium offering a variety of amenities including a central courtyard with koi pond, fitness center, guest lounges, two-story community room, community barbecues, guest parking and 24 hour front desk/security station. Close to Little Tokyo shops & restaurants, Arts District, Grand Central Market, Union Station, Dodger Stadium, Dorothy Chandler Pavilion & Disney Hall. Welcome Home!

267 S San Pedro Street Unit 320, Los Angeles

Listing courtesy of Listing Agent: Thomas Inatomi (thomasinatomi@bhhscal.com) from Listing Office: Berkshire Hathaway HomeServices California Properties.

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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.