Los Angeles Southwest (C34) Homes under $4 million

Welcome to the vibrant heart of Los Angeles Southwest (C34), a dynamic region that perfectly embodies the spirit of Southern California living. Nestled within the sprawling Los Angeles County, this area is a treasure trove of diverse neighborhoods, each offering its unique charm and character. From the sun-kissed beaches of Playa Vista to the bustling streets of Culver City, residents enjoy a lifestyle that blends urban convenience with the laid-back allure of coastal living.

Los Angeles Southwest is known for its rich cultural tapestry, where art, music, and culinary delights come together to create a vibrant community. The region boasts an array of parks, recreational facilities, and community events, making it an ideal place for families and individuals alike. With easy access to major freeways, public transportation, and the iconic LAX airport, commuting to work or exploring the greater Los Angeles area is a breeze.

For those seeking a home in this captivating region, you’ll be pleased to discover a variety of properties available for under $4 million. Whether you’re looking for a chic modern condo with stunning city views, a charming bungalow in a tree-lined neighborhood, or a spacious family home with a backyard oasis, Los Angeles Southwest has something to suit every taste and lifestyle.

With its blend of affordability, accessibility, and an array of amenities, Los Angeles Southwest (C34) is not just a place to live; it’s a community where you can truly thrive. Come explore the possibilities and find your dream home in this enchanting corner of Los Angeles!

Newest Los Angeles Southwest (C34) Homes under $4 million

$2,575,000

46 Beds ⋅ 39 Baths ⋅ ACTIVE Status

We are pleased to present 1177 W. 37th Place, a fully entitled, RTI ground up student housing development located approximately one-half block from the University of Southern California. This rare offering provides a developer or investor with the opportunity to acquire a shovel-ready, permit-ready project in one of Los Angeles' most supply-constrained and consistently performing rental submarkets. Current ownership has completed the time-consuming and capital-intensive work associated with architectural design, civil and structural engineering, construction documents, plan check, permits, and city approvals. An incoming buyer steps in at the finish line of the entitlement process, potentially avoiding an estimated 18 to 24 months or more of entitlement time and the associated discretionary risk. Subject to buyer verification and payment of any remaining permit fees, the buyer can pull permits and begin construction. The approved plans, prepared by California Development & Design Inc., call for a five-story, approximately 19,900-square-foot building consisting of four levels of Type V-A residential construction over a Type I-A podium with ground-level parking and a residential lobby. The project includes seven residential units plus a multi-level ADU, for eight units total, with 46 bedrooms and 39 bathrooms. Purpose-built for a rent-by-the-bedroom student-housing model, the fully sprinklered NFPA-13 building also includes rooftop open space, on-site parking income, and a low-income housing subsidy component.At stabilization, 46 bedrooms leasing at approximately $1,500 per bed, together with parking and subsidy income, are projected to generate approximately $860,400 in scheduled gross income and $599,690 in net operating income. At a 6.0% capitalization rate, the projected stabilized value is approximately $10 million. This represents approximately $1.55 million in projected value creation, an 18.3% development margin on total cost, and an approximate 7.1% return on cost before refinancing, rent growth, and long-term appreciation. All plans, permits, construction costs, rents, income, and return projections are estimates and should be independently verified by the buyer.

1177 W 37th Pl, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Davis Saadian - CA DRE#01921748

$579,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE Status

INVESTOR'S GEM IN THE HEART OF LOS ANGELES! Opportunity awaits with this 3-bedroom, 1-bath fixer offering a blank canvas for an investor, developer, or buyer ready to bring their vision to life. An additional bathroom has also been added to the property. Situated on a nice-sized lot with a detached one-car garage, the property offers plenty of room to reimagine, renovate, and create something truly special. Whether restoring the existing home or exploring other possibilities, bring your creativity and discover the potential this property has to offer. Conveniently located near USC, SoFi Stadium, Crypto Arena, the 110 Freeway, and many of Los Angeles' major destinations, this property combines location with opportunity. Bring your contractor, your imagination, and your vision-this could be the project you've been waiting for! Property is being sold AS-IS in its present condition. Seller will make no repairs. Buyer to verify square footage, additions, permits, zoning, and all property information to their satisfaction.

1441 W Gage Ave, Los Angeles

Courtesy of Keller Williams Larchmont, Terry Lloyd - CA DRE#01280429

$2,895,000

20 Beds ⋅ 16 Baths ⋅ ACTIVE Status

Live in one unit while generating income from the others. Buyer incentives are available, including rate buydown options through our preferred lender for qualified buyers, subject to lender approval and negotiated terms. Exceptional 4-unit Los Angeles income opportunity at 4150 S Normandie Ave. The property features two spacious upper units with 5 bedrooms and 5 bathrooms each, plus two lower units with 5 bedrooms and 3 bathrooms each. The two upper units are currently occupied, while both lower units are vacant, offering immediate flexibility for lease-up and additional income potential. Current upper-unit rents are approximately $4,000 per unit/month. The combination of large unit configurations, existing rental income, and two vacant units creates an attractive opportunity for investors or buyers seeking a multifamily property with value-add potential. Conveniently located in Los Angeles with access to major employment centers, entertainment, education, and transportation.

4150 S Normandie Ave, Los Angeles

Courtesy of The Dana Real Estate & Investments Inc., Mezdan Mota - CA DRE#01833661

$785,000

4 Beds ⋅ 2 Baths ⋅ ACTIVE Status

Classic Los Angeles character with room for your next chapter. Set on an approximately 6,800-square-foot lot, this 1911 Craftsman offers four bedrooms, approximately 1,350 square feet of living space, and an opportunity to bring your own vision to an established home near USC and Exposition Park.A welcoming covered front porch, broad window groupings, period trim, and warm wood flooring give the home an inviting starting point. The single-story layout offers flexibility, while the generous backyard, covered outdoor area, and long driveway provide space to imagine a garden, outdoor dining, or a more personalized retreat.Offered in its present condition, the property will appeal to buyers ready to renovate a home to their taste, as well as contractors and investors evaluating their next project. Reported LAR2 zoning adds another avenue to investigate, including potential expansion, an ADU, or other residential development, subject to buyer verification and applicable City approvals.Enjoy access to the cultural and recreational destinations surrounding Exposition Park, from the Natural History Museum and California Science Center to the Rose Garden, Coliseum, and BMO Stadium. Nearby Metro E Line service offers connections to Downtown Los Angeles, Culver City, and Santa Monica.Bring your plans and an appreciation for the home's original characterthere is an opportunity here to shape both the house and the space around it.

1528 W 36th St, Los Angeles

Courtesy of Keller Williams Studio City, Anita Rich - CA DRE#00782527

$589,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE Status

A unique opportunity with two separate living areas and incredible flexibility for an owner-user. The main residence features 3 bedrooms and 2 bathrooms and has recently been refreshed with new interior paint, new flooring, electrical updates, and plumbing repairs.At the rear of the property is a detached structure currently configured with 1 bedroom, 1 bathroom, a kitchen, and an additional bonus room/office. Public records reflect the structure as an approximately 360 SF permitted accessory garage with a Certificate of Occupancy. The property is situated on an approximately 5,248 SF R2-1-CPIO lot and may offer additional possibilities, including potential Junior ADU/ADU opportunities, subject to City requirements and buyer verification. Both spaces are delivered completely vacant, giving the next owner flexibility from day one. Conveniently located near major freeways with access to USC, Downtown Los Angeles, shopping, dining, and other local amenities.Updated, vacant, and offering a rear structure with an existing residential-style configuration this is a property with options worth exploring.

1428 W 54th St, Los Angeles

Courtesy of Compass, Juan Pena - CA DRE#01883397

$850,000

5 Beds ⋅ 2 Baths ⋅ ACTIVE Status

FIXER with great potential! Rare USC/Exposition Park investment opportunity featuring TWO DETACHED HOMES on an approximately 6,800 SF LAR2 lot, including a permitted detached ADU. Property is in need of repairs and updating, offering an excellent value-add opportunity for investors or owner-users. BOTH UNITS WILL BE DELIVERED VACANT AT CLOSE OF ESCROW, providing maximum flexibility to renovate, occupy, or lease. Located near USC, the property may offer excellent potential for student housing or other rental investment opportunities. Live in one and rent the other, or explore the income potential of both units. Conveniently located near USC, Exposition Park, the Lucas Museum, Metro E Line, Downtown LA, Koreatown, and major freeways. No HOA.

1448 W 36th St, Los Angeles

Courtesy of KORUS Real Estate, Michelle Suh - CA DRE#01335563

$2,590,000

14 Beds ⋅ 10 Baths ⋅ ACTIVE Status

We are pleased to present 1372 W 35th Pl, a newer construction 5-unit, 15-bed student housing asset built in 2022 and ideally located within walking distance of USC's University Park Campus. The property is fully leased for the 2026-2027 Academic Year and is THE LOWEST entry point for newer construction student housing in the USC submarket, providing investors with an attractive entry point into a high-demand rental market.1372 W 35th Pl is offered at a 7.23% CAP rate and 8.99 GRM on in-place income, with monthly gross income exceeding $22,000. The efficient unit mix includes two 3BR/3BA units, two 4BR/3BA units, and one 1BR unit, offering flexibility to accommodate a broad range of student tenants. The property offers additional upside through rent growth and the potential to convert select units to double occupancy, giving new ownership multiple paths to increase income. Smaller, efficiently configured units can attract a broader tenant pool, lease quickly, and carry lower turnover risk than larger group-oriented layouts. Located within walking distance of USC's University Park Campus, USC Village, and surrounding amenities, the property benefits from strong and durable student housing demand. USC enrolls over 46,000 students, with approximately 65% living off campus, supporting continued demand for well-located housing near campus. Beyond its strong in-place cash flow, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act, creating potential tax advantages and making the property an attractive candidate for a cost segregation study. A turnkey opportunity to acquire newer construction student housing with strong current income, meaningful rental upside, and a prime location near USC.

1372 W 35th Pl, Los Angeles

Courtesy of Lyon Stahl Investment Real Estate, Inc., Benjamin Lee - CA DRE#02123715

$1,350,000

7 Beds ⋅ 5 Baths ⋅ ACTIVE Status

We are pleased to present 1318 W. 35th Place, a 3-unit student housing and redevelopment investment located within the prestigious DPS patrol zone and within walking distance to the Campus and USC Village. The property will be delivered 100% vacant, providing an investor with the flexibility to immediately renovate, reposition, lease, or redevelop the asset. The investment is situated on an approximately 6,803-square-foot LARD1.5-zoned lot and features three spacious residences totaling 7-bedrooms and 5-bathrooms across approximately 2,879 square feet. The unit mix consists of (1) 4-bedroom + 3-bathroom unit, (1) 1-bedroom + 1-bathroom unit, and (1) 2-bedroom + 1-bathroom unit. The property will be delivered 100% vacant and fully furnished, providing a new owner with a turnkey opportunity to immediately lease the units to USC students at market rents. Based on projected rents, the existing unit mix offers the potential to generate approximately $10,000 in monthly gross rental income following lease-up. The property offers convenient access to USC Village, Trader Joe's, Target, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, the Natural History Museum, the California Science Center, dining, shopping, and the Metro E Line.With 100% vacant delivery, a flexible existing unit mix, strong projected rental potential, and multiple value-add and redevelopment strategies, 1318 W. 35th Place represents a compelling opportunity to acquire a well-located student housing investment in the highly desirable USC submarket. Please contact the listing agent for the financial analysis and executive summary.

1318 W 35th Pl, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Davis Saadian - CA DRE#01921748

$2,795,000

15 Beds ⋅ 15 Baths ⋅ ACTIVE Status

We are pleased to present 1259 W. 36th Place, a turnkey, 2018-constructed student housing investment located within the prestigious DPS patrol zone, and within walking distance the campus and village. The investment is comprised five (5) spacious 3-bedroom + 3-bathroom residences, totaling 15-bedrooms and 15-bathrooms across approximately 4,931 rentable square feet on an approximately 7,217-square-foot lot. Each unit is fully furnished and features private bedroom and bathroom suites, vinyl-plank flooring, quartz countertops, mini-splits within each bedroom, stainless-steel appliances, tiled showers with glass enclosures, in-unit laundry, and modern finishes. The building also benefits from copper plumbing, dual-pane windows, a newer roof, and separately metered gas, electricity, and water.The property is 100% fully occupied by USC students and generates $23,387 in monthly gross income. Its history of parental lease guarantees and consistently strong academic-year occupancy contribute to an attractive and stable operating profile.The location offers convenient access to the USC Campus, USC Village, Trader Joe's, Target, Exposition Park, the Los Angeles Memorial Coliseum, BMO Stadium, museums, dining, and the Expo/Vermont Metro E Line station. Offered at a current 8.0% capitalization rate and 10.7x GRM, 1259 W. 36th Place represents a compelling opportunity to acquire a stabilized, low-maintenance student-housing asset near USC. Please contact the listing agent for the financial analysis and executive summary.

1259 W 36th Pl, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Davis Saadian - CA DRE#01921748

$1,100,000

12 Beds ⋅ 7 Baths ⋅ ACTIVE Status

We are pleased to offer 972 W. 47th Street, a fully occupied five-unit multifamily investment property located in Los Angeles, California 90037. The property offers an attractive unit mix consisting of three two-bedroom, one-bathroom units, and two three-bedroom, two-bathroom units. The improvements total approximately 4,300 rentable square feet and are situated on two adjacent parcels (APN #'s 5018-010-020 & 5018-010-023) totaling approximately 6,760-square-feet. The property also provides ample on-site parking for residents. Offered at $1,100,000, the property represents a stable, income-producing investment opportunity with an attractive 7.30 gross rent multiplier and a 9.07% capitalization rate. The property is currently fully occupied, providing an investor with immediate and consistent rental income from the date of acquisition. Recent capital improvements include all five of the units being recently renovated within the last five years prior to tenant move-in as well as a recently installed Ring security system. The property also allows future ADU potential with a large rear garage/storage area that can be converted to increase rental income (buyer to verify). With its strong current cash flow, favorable unit mix, recent improvements, and full occupancy, 972 W. 47th Street offers investors a compelling opportunity to acquire a stabilized multifamily asset at an attractive basis in the Los Angeles market.

972 W 47th St, Los Angeles

Courtesy of BRC Advisors- BH, Griffin White - CA DRE#02031785

$2,557,500

12 Beds ⋅ 12 Baths ⋅ ACTIVE Status

Exciting opportunity to acquire a fully renovated AND 100% student-occupied ('26-'27), off-campus student housing 4plex. Located near the coveted University of Southern California's west side entrance on Downey Way, the property offers four spacious 3-bedroom, 3-bathroom units for a total of 12 bedrooms and 12 bathrooms, with each bedroom featuring its own private ensuite bath. This 3-bed/3-bath configuration is one of the most sought-after layouts in the student housing market as every resident gets a fully private bedroom and bathroom, eliminating the shared-bath friction. The moderate, four-unit scale strikes an ideal balance between privacy and community: small enough that residents aren't forced to share excessive common space or navigate conflict with a large roster of unfamiliar housemates. It's a layout that lets tenants control their own space while still having the option to connect with roommates, exactly the balance today's graduate and upper-undergrad student renters are actively seeking. Extensively renovated down to the studs in 2019, the building includes major upgrades to electrical, plumbing, drywall, flooring, kitchens, appliances, paint, lighting, and more delivering a modern, low-maintenance asset for the next owner. Interiors were thoughtfully designed for student living with generously sized bedrooms, built-in mirrored closets, large windows, modern vinyl-plank flooring, and functional shared living spaces that reinforce this privacy-meets-community appeal. Property amenities include fully gated premises, 24-hour exterior surveillance cameras, five assigned rear parking spaces with automatic gate access, a dedicated app-based laundry room for added income, and an owner/storage room for management supplies or potential tenant use. Upstairs units feature central heating and air conditioning, while downstairs units include mini-split systems in each bedroom and living area. All units are individually metered for gas and electricity, allowing future ownership flexibility to pass through utility costs or structure an attractive all-inclusive rent. The property has historically achieved 100% occupancy, supported by consistent demand for quality off-campus housing near USC and has been independently managed by the owners. New owners have the option to continue self-managing or contract one of many local student-housing management companies, and professionalize operations, optimize rents, and build on an already proven housing model. Additional upside includes approximately seven bedrooms that may function as doubles to help maximize rental income, plus potential by-right development of 2 to 3 additional units totaling an extra estimated 2,800 - 3,500 square feet. Minimal landscaping and low ongoing maintenance needs further support immediate cash-flow potential. Situated within the USC-DPS patrol zone, it is close enough for residents to walk, bike, or scooter to campus while remaining just outside the busiest corridors, this asset combines location, layout, renovations, and income upside in one of Los Angeles' most resilient student housing submarkets.

1273 W 36th Pl, Los Angeles

Courtesy of West Shores Realty, Inc., Gabriela Pineda - CA DRE#02092770

$499,000

3 Beds ⋅ 1 Baths ⋅ ACTIVE Status

Attention experienced investors! This 1908 Craftsman home hasn't been on the market in 60 years and is ready for its next chapter. Whether you're an investor, developer, or buyer with vision, this is a fixer upper that will provide you the opportunity to restore, reimagine, and create something truly special. The home is zoned R2-1 and offers 1291 sq ft of living space, including 3 bedrooms, 1 bathroom, decorative fire place, formal dining and living rooms, and an expansive back yard that is situated on a 7503 sq ft lot. Beneath its current condition lies an architectural gem that is ready to be revealed. A new roof was installed in 2022 along with the leased solar panels. It is nestled between Vermont Square and Exposition Park and minutes away from USC and Downtown L.A. This property is being sold AS-IS. All buyers must see the property prior to submitting an offer.

4108 Halldale Ave, Los Angeles

Courtesy of Keller Williams Larchmont, Dolann Adams Crane - CA DRE#02173477

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