Downtown L.A. Homes under $4 million

Welcome to Downtown Los Angeles, a vibrant urban hub where the pulse of the city beats strongest. Nestled in the heart of California's largest city, this dynamic neighborhood is a melting pot of culture, creativity, and opportunity. With its stunning skyline, historic architecture, and a rich tapestry of art and entertainment, Downtown L.A. is an ideal location for those seeking a lively lifestyle.

From the iconic Walt Disney Concert Hall to the bustling Grand Central Market, Downtown L.A. offers a plethora of attractions that cater to all tastes. Food enthusiasts can indulge in a diverse culinary scene, featuring everything from gourmet dining to trendy food trucks. Art lovers will find themselves captivated by the numerous galleries and museums, including The Broad and the Los Angeles County Museum of Art, which are just a stone's throw away.

For those considering a move to this thriving area, you’ll be pleased to discover a range of homes available for under $4 million. Whether you’re seeking a chic loft in a historic building, a modern condo with breathtaking views, or a spacious townhouse with all the amenities, Downtown L.A. has something to suit every lifestyle.

With convenient access to public transportation, major freeways, and a plethora of shopping and entertainment options, living in Downtown Los Angeles means embracing the best of city life. Experience the excitement and energy of this remarkable region—your dream home awaits!

Newest Downtown L.A. Homes under $4 million

$2,000,000

16 Baths ⋅ ACTIVE Status

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 Blvd, Los Angeles

Courtesy of Compass, Max Berger - CA DRE#02054048

267 S San Pedro St Unit 320, Los Angeles

$349,000

2 Beds ⋅ 2 Baths ⋅ ACTIVE Status ⋅ Little Tokyo Teramachi Owners Association BLDG.

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 St Unit 320, Los Angeles

Courtesy of Berkshire Hathaway HomeServices California Propert, Thomas Inatomi - CA DRE#01276827

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

$2,100,000

18 Beds ⋅ 18 Baths ⋅ 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 Dr, Los Angeles

Courtesy of Fred Leeds Asset Group Inc., Chandler Rockwell - CA DRE#02080782

$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

$1,650,000

16 Beds ⋅ 7 Baths ⋅ 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 St, Los Angeles

Courtesy of Beverly & Company Luxury Properties, Nicholas Hedberg - CA DRE#02016456

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