Downtown L.A. Homes under $1.5 million

Welcome to Downtown Los Angeles, a vibrant and dynamic neighborhood that beautifully blends the historic charm of the past with the innovative spirit of modern urban living. Nestled in the heart of Los Angeles County, this bustling area is a cultural hub, brimming with art, entertainment, and culinary delights. From iconic landmarks like the Walt Disney Concert Hall to the trendy boutiques of the Arts District, Downtown L.A. offers an unparalleled lifestyle for those seeking the pulse of the city.

For homebuyers looking for affordable options, Downtown L.A. presents an exciting opportunity with a variety of homes available for under $1.5 million. Whether you're searching for a chic loft with panoramic city views, a stylish condo in a high-rise building, or a charming historic residence, there's something to suit every taste and budget. The real estate market here is as diverse as its residents, providing options that cater to both first-time buyers and seasoned investors.

Living in Downtown L.A. means embracing a lifestyle filled with convenience and excitement. With a plethora of dining options, from five-star restaurants to cozy cafes, and an array of entertainment venues, including theaters, galleries, and nightlife hotspots, you'll never run out of things to do. Plus, the area’s excellent public transportation options make commuting a breeze, connecting you to the rest of the city and beyond.

Discover the allure of Downtown Los Angeles, where you can enjoy urban living without compromising on comfort or style—all within your budget. Your dream home awaits!

Newest Downtown L.A. Homes under $1.5 million

1234 Wilshire Blvd Unit 422, Los Angeles

$376,800

1 Beds ⋅ 1 Baths ⋅ ACTIVE Status ⋅ Vero BLDG.

Fourth floor 1 Bedroom, 1Bath at Vero. South facing with a private balcony. Set off Wilshire so it is quieter than the boulevard facing layouts. Open living space with hardwood floors, a contemporary kitchen with Caesarstone counters, European cabinets, stainless steel appliances, and a stacked washer and dryer in unit. Central heat and air. Two assigned covered parking spaces in the secured garage. Vero is a full service mid-rise with controlled access, a 24-hour front desk security, heated pool and spa, sauna, fitness center, yoga studio, and guest parking. West edge of downtown, between Lucas and Witmer with quick access to freeways and a short trip to Crypto.com Arena, L.A. Live, and Fig at 7th. Vero has many great amenities and easy to show.

1234 Wilshire Blvd Unit 422, Los Angeles

Courtesy of The Passman Group, Inc., James H. Lee - CA DRE#01843578

$725,000

7 Beds ⋅ 4 Baths ⋅ 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 St, Los Angeles

Courtesy of Kidder Mathews of California, Inc., Casey Lins - CA DRE#01902650

$1,250,000

9 Beds ⋅ 6 Baths ⋅ 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 St, Los Angeles

Courtesy of Keller Williams Beverly Hills, Won Mo - CA DRE#02207272

$1,500,000

ACTIVE Status

The asking price represents for both parcels, the suggested minimum starting bid of $1,500,000. Worldbid Auction Sale on November 19, 2026. Pre-auction bids are due now through November 5, 2026. The auction qualifying round will take place from November 12 through November 19, 2026, with bids due by 12:00 noon PST on November 19, 2026. For the available due diligence materials, please register at: https://www.braunco.com/1250-1252-south-lake-street-los-angeles-ca-90006/ Trust Sale. No Court Confirmation Required. For sale AFTER 43 years! 18-unit Mixed-use property + Parking Lot located in the heart of Koreatown. Unit mix 10 x 1 bed 1 bath, 1 x 1 bed 3 bath & 1 x 2 bed 1 bath residential units, plus 6 commercial units. Adjacent parking lot at 1250 S Lake St (APN 5136-024-018) with approx. 8,699 SF, zoned LAR4, has 25 parking spaces. Both properties to be sold together. Existing building is approx. 12,960 SF on approx. 8,504 SF lot, zoned LAC2. One of the commercial units is vacant and will be delivered vacant at COE. Separately metered for both gas and electricity for residential. Property is being sold AS IS and WHERE IS without warranty expressed or implied and with current tenants in place. Minutes away from Downtown LA, Staples Center, LA Live, Restaurants, major attractions, and USC. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.

1250 & 1252 S Lake St, Los Angeles

Courtesy of Ingenious Asset Group, Inc., Vineendra Jain - CA DRE#01413466

$498,888

1 Beds ⋅ 1 Baths ⋅ ACTIVE Status ⋅ Elleven HOA BLDG.

This completely remodeled loft in the heart of the Social District has everything you are looking for in a loft. Enclosed bedroom, new Air Conditioning System, brand new appliances, new Acacia floors, fresh paint and new lighting. The large windows offer a serene tree line view with tons of natural light. The kitchen area is open to the large living area, while an oversized in-unit utility room with premium washer and dryer adds exceptional convenience. Elleven is a 2006 LEED certified building with a lap pool, spa, sun terrace with BBQs and lobby. Parking is deeded. A short walk to Whole Foods, Target, tons of dining & entertainment options, the PICO train stop and much more. With a walk Score of 95 you may never need to drive again!

1111 S Grand Ave Unit 817, Los Angeles

Courtesy of Loftway, Abraham Hernandez - CA DRE#01773826

$705,000

4 Beds ⋅ 2 Baths ⋅ 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 St, Los Angeles

Courtesy of Nkkai Properties, Gjenaii Givhan - CA DRE#01238757

$725,000

2 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ Sky Community Association BLDG.

Light, skyline views, and beautifully proportioned interiors set the stage for this striking 17th-floor residence at Sky Lofts. Expansive windows frame the surrounding cityscape, filling the home with natural light and creating a dramatic backdrop for everyday living. Warm wood floors, high ceilings, and a flowing open layout give the space an inviting sophistication, with generous room for lounging, dining, and entertaining. The kitchen features clean-lined cabinetry, stainless steel appliances, ample storage, and a broad peninsula with bar seating, keeping the cook connected to the conversation and the views. Two sleeping areas feature large sliding translucent-glass partitions, offering flexibility to open the home into one expansive space or close them for privacy while preserving its distinctive loft character. The primary retreat enjoys its own city outlook and a spacious bathroom with dual sinks, a separate glass-enclosed shower, and a soaking tub. A generous walk-in closet, second bathroom, dedicated laundry closet, and two assigned parking spaces add everyday convenience to the home's polished design. A private driveway off 8th Street leads to the residential lobby. Sky Lofts' impressive common spaces extend the experience beyond the residence, offering a soaring glass-lined lobby, fitness center, screening room, and spacious resident lounge with a kitchen. The exceptional lobby staff brings a welcoming personal touch, creating a sense of home from the moment you arrive. At 801 South Grand Avenue, this is Downtown living with architectural presence, warmth, and a captivating connection to the city.

801 S Grand Ave Unit 1712, Los Angeles

Courtesy of Realty Source Incorporated, Agnes Ferreyra - CA DRE#01799633

$1,150,000

12 Beds ⋅ 6 Baths ⋅ 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 St, Los Angeles

Courtesy of Mega Realty, Myung Seung Shin - CA DRE#01857653

420 S San Pedro St Unit 410, Los Angeles

$589,000

1 Baths ⋅ ACTIVE Status ⋅ Little Tokyo Homeowners Association BLDG.

Welcome to a New York-style loft in Downtown LA. The 2-bedroom loft is in a Landmark building. Unique to the Little Tokyo Lofts, the bedrooms are enclosed. The loft features architectural elements such as a semi-open floor plan with an original oversized steel casement window facing West. The window renders a stunning WOW-view of the Downtown L.A. skyline. The loft is a quiet and peaceful retreat from the hustle and bustle of the city. Watch the sunset from the comfort of your living room, kitchen or bedroom. Step into tall gallery walls, hardwood floors, 12 ft. ceilings, exposed beams and original columns. Natural light emanates throughout. One bedroom is enclosed with custom hidden doors disguised as a bookcase. The secret duo-doors add style and function as they open wide blending seamlessly into the semi-open floor plan. The kitchen is fully equipped with stainless steel appliances. The bathroom features a large soaking tub and washer & dryer. Bonus feature: 2 parking spaces on title. In addition, rare for Downtown L.A., there are 25 guest parking spaces on-site. Centrally located and walkable to any neighborhood in DTLA. Building amenities include 24/7 security, an open-air lounge patio, a heated pool and hot tub, barbecue area, fitness room and dog run. Adjacent to Little Tokyo - which is now 1-of-3 remaining historic Japantowns left in the nation. Bordered by the Arts District, an eclectic neighborhood with a diverse range of Michelin star restaurants, concept coffee shops, breweries and world class museums. Exploring the city is easy with a Metro Bike Share Station outside the buildings front doors. Near public transportation and easy access to freeways. The Little Tokyo Lofts is a six-story condominium building. The building stands as a testament to the industrial history of Downtown Los Angeles. Originally constructed in 1922 as the Westinghouse Electric Company, the trademark historic Art Deco building was transformed into residential lofts in 2006, offering a blend of historic charm and modern living. The HOA monthly fee covers water, trash, 24/7 security and maintenance of the common areas.

420 S San Pedro St Unit 410, Los Angeles

Courtesy of eXp Realty of California Inc, Alma Lam - CA DRE#01926963

$599,000

1 Beds ⋅ 1 Baths ⋅ ACTIVE Status ⋅ EVO BLDG.

ONE OF THE MOST DESIRABLE ONE BEDROOM FLOOR PLANS IS AVAILABLE TO PURCHASE IN THE EVO BUILDING. UNIT 905, PART OF THE "05" STACK, IS RARELY AVAILABLE. This spacious, 1bed/1bath, plus bonus room/office area. Bedroom offers amazing windows, not the typical one bedroom that is behind the kitchen without windows. Amazing bright unit offers East views of Los Angeles and beyond. Spacious utility room in the unit offers full size washer and gas dryer. One car parking space in premium location with EV charger included. EVO is a LEED-certified Green building with amazing amenities including outdoor rooftop lounge with breathtaking DTLA skyline views, available to use or rent for events; fitness center on the top floor of the building, pool , hot tub, and outdoor dining areas along with a kitchen to make for easy entertaining. Located just steps from LA LIVE, Wholefoods, and the new Erewhon opening in 2027! Now is the perfect time to invest in DTLA! So much more is coming! LIVE, WORK, PLAY IN DTLA!

1155 S Grand Ave Unit 905, Los Angeles

Courtesy of RE/MAX Signature, Art Avaness - CA DRE#01450817

$1,090,000

8 Beds ⋅ 4 Baths ⋅ ACTIVE Status

Remodeled four-unit multifamily investment opportunity featuring four 2-bedroom, 1-bathroom units and an exceptional 8-car parking setup. Each unit has been thoughtfully updated with brand-new windows, remodeled kitchens and bathrooms, new flooring, and a new roof, offering a fresh and cohesive look throughout the property. The consistent unit mix and substantial recent improvements make this a compelling opportunity for an investor seeking a well-positioned multifamily asset with strong tenant appeal. Each unit also benefits from 2 tandem parking spaces, providing a total of 8 parking spaces, a valuable feature for a four-unit property. Conveniently located near the I-110 Freeway, offering easy access to Downtown Los Angeles and surrounding neighborhoods. Situated near local shopping, dining, schools, parks, and everyday conveniences. With four remodeled 2-bedroom units, significant capital improvements, and abundant parking, the property presents an attractive opportunity to add a renovated multifamily asset to a portfolio.

456 W 52nd St, Los Angeles

Courtesy of Compass, Karla Reuben - CA DRE#01935848

$675,000

2 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ Sky Loft BLDG.

Enjoy the convenience of living in one of the best units at Sky Lofts. This nor-facing unit features an open floor plan, panoramic city views, and floor-to-ceiling windows that fill the space with natural light. With two full bathrooms, the spacious layout can easily be configured as a two-bedroom by installing a partition. The unit features hardwood floors, recessed lighting, walk-in closets, and a gourmet kitchen with stainless steel appliances. Two underground parking spaces with convenient lobby access are included.Located in the heart of South Park, Sky Lofts is just steps from Whole Foods Market, LA Live, Crypto.com Arena, Philz Coffee, the Metro station, 7th & Fig Shopping Center, and a variety of restaurants and entertainment. Building amenities include 24-hour security, a private theater room, resident lounge, and fitness center.

801 S Grand Ave Unit 2106, Los Angeles

Courtesy of Redpoint Realty, Michelle Moon - CA DRE#01189443

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