Los Angeles, CA Real Estate Search

Los Angeles, CA Multi-Family Homes for Sale

Los Angeles, CA, is a vibrant hub for real estate investment, particularly in the multi-family homes sector. With its diverse neighborhoods and robust rental market, the city offers a variety of multi-family properties that attract both seasoned investors and first-time buyers. From classic duplexes in historic districts to modern apartment complexes near urban hotspots, the landscape caters to varied preferences and investment strategies. The demand for multi-family homes is driven by the city's booming population and a continual influx of residents seeking rental opportunities, making it a lucrative choice for generating passive income. Additionally, the unique zoning laws and development incentives in certain areas create further opportunities for expansion and remodeling, adding to the appeal of multi-family real estate in this iconic Californian metropolis.

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Newest Los Angeles, CA Multi-Family Homes for Sale

$815,000
DW26162994 MLS Active Status
Exceptional Duplex Opportunity – Ideal for Owner-Occupants or Investors! Welcome to this Amazing duplex offering two separate homes on one lot, perfectly designed for multi-generational living or income-producing potential. The front residence features 2 spacious bedrooms and 1 bathroom, highlighted by refinished hardwood floors, an inviting living room with abundant natural light, and a charming decorative fireplace. The updated kitchen includes a cozy dining area and convenient indoor laundry hookups. Privately situated in the rear, the second residence offers 1 bedroom, 1 bathroom, fresh interior finishes, hardwood flooring, and its own attached 2-car garage, providing excellent flexibility for rental income, extended family, or a private home office. The double-car garage is a perfect opportunity for an ADU that could generate a third income. Situated on an approximately 4,952 sq. ft. lot, this property offers ample parking, a shared outdoor space for entertaining or relaxing, and separate entrances for added privacy. Conveniently located near shopping, dining, schools, parks, major freeways, and public transportation, this is an outstanding opportunity to own a versatile duplex in a highly accessible Los Angeles location. Whether you're looking to live in one unit while generating rental income from the other or expand your investment portfolio, this property delivers exceptional value and endless possibilities

6554 E Olympic, Los Angeles

$4,875,000
5 Beds 5 Baths 26854555 MLS Active Status
Coolidge Haven presents a rare opportunity to acquire a fully furnished luxury residence with an established short-term rental operation and multiple potential revenue streams. The property includes an expansive four-bedroom main residence and a private one-bedroom ADU with a separate entrance and dedicated outdoor space. The configuration allows the main house and ADU to operate independently or together, providing flexibility for short-term stays, extended furnished rentals, corporate housing, owner occupancy, multigenerational living, and guest accommodations. The main residence offers premium custom finishes, open living spaces, a designer kitchen, and a finished basement with 10-foot ceilings, a wet bar, game room, full bathroom, and 150-inch home theater. The property is being offered turnkey with its furnishings and operating infrastructure, allowing a new owner to avoid the substantial cost and time required to furnish, launch, and establish a comparable luxury rental. Under current ownership, the property has developed an operating history, repeat guest demand, and strong guest reviews through professional short-term rental management. The main house currently is getting $950/night and is approx. 70% occupied. The separate ADU provides an additional and comparatively easy-to-manage income source, particularly for business travelers, couples, and extended-stay guests, with approximately 70% occupancy and an average nightly rate of $300. The property also has potential for corporate housing, medium-term rentals, and location-production bookings. Coolidge was intentionally constructed as a high-performance Healthy Home. Building systems include two energy recovery ventilation systems, continuous filtered fresh air, MERV-13 filtration, five-zone heat pump HVAC, an airtight building envelope, high-performance insulation, all-electric appliances and mechanical systems, low and no-VOC materials, and Schluter waterproofing throughout the bathrooms. These features differentiate the property from conventional rental inventory while supporting guest comfort, health, energy efficiency, durability, and long-term asset quality. A detailed investor package is available to qualified buyers and may include historical revenue, occupancy, main-house and ADU performance, operating expenses, furnishings and equipment, guest review history, and an overview of current operations. The sale provides an investor, owner-user, or second-home buyer with the opportunity to acquire a distinctive luxury property that is already furnished, established, and positioned for continued hospitality and furnished-rental use. Buyer to independently verify zoning, licensing, permitting, rental regulations, and the continuation or transferability of any existing rental operations.

4034 Coolidge Avenue, Los Angeles

$1,799,000
10 Beds 6 Baths 26863985 MLS Active Status
Located in the heart of Silver Lake, this well-maintained 1941 fourplex presents a rare investment opportunity in one of Los Angeles' most desirable neighborhoods. Fully tenant-occupied with strong in-place rental income, excellent rental demand, and within close proximity to some of Silver Lake's most popular destinations, the property offers immediate cash flow with long-term upside. Spanning approximately 3,751 square feet across four units, the building comprises two 3-bedroom, 2-bathroom units and two 2-bedroom, 1-bathroom units, all housed within a stately two-story structure. Set atop four street-level garages, a secure entry gate and front staircase lead to the exterior entrances of all four units. Units 947 and 949 are located on the main level, while Units 947 1/2 and 949 1/2 are located on the upper level. Each lower unit features three bedrooms, two bathrooms, and a living room with a bay window. Each upper unit offers two bedrooms, one bathroom, and a comfortable, light-filled living room. All units include separate rear entrances with access to the shared patio and garden. This fully tenant-occupied property presents a compelling investment opportunity in a highly sought-after neighborhood, set moments from Silver Lake's best commercial offerings. Current gross rental income is approximately $12,441 per month, with projected market rents of approximately $13,290 per month ($159,480 annually), offering additional upside potential. Each unit is separately metered for gas and electricity, while the housing provider pays for water and trash. Additional amenities include a shared outdoor coin-operated laundry area and four individual one-car garages. Ideally located and highly desired by tenants and owner-users alike, the property sits in the heart of Silver Lake, a short distance to Sunset Junction, Erewhon Market, Intelligentsia Coffee, Pine & Crane, and the Silver Lake Farmers Market. Residents also enjoy convenient access to Los Feliz, Echo Park, Downtown Los Angeles, and major commuter routes. Whether maintained as a long-term investment or repositioned over time, 947-949 N. Vendome Street offers stable income, rental upside, and an exceptional location in one of Los Angeles' strongest rental markets.

947 N Vendome Street, Los Angeles

$5,275,000
35 Beds 30 Baths 26864985 MLS Active Status
6590 Hazeltine Ave presents an exceptional opportunity to acquire a well-maintained 14-unit apartment community ideally located in the heart of Valley Glen, one of the San Fernando Valley's most established and tightly held residential submarkets. Built in 1988, this offering stands apart for the sheer scale of its residences a rare collection of oversized two and three bedroom floor plans that live more like townhomes than apartments, in a submarket where large-format rental product of this caliber almost never trades.Situated on a 16,443 square foot lot, the property totals 18,080 square feet of gross building area, averaging an exceptional 1,291 square feet per unit across a single building. The asset features a unit mix of seven (7) two bedroom, two bath units, five (5) three bedroom, two bath units, and two (2) three bedroom, three bath units with every residence in the building delivering two or more bedrooms and two or more bathrooms, a floor plan composition rarely assembled in the Valley Glen submarket.In-place rents generate a scheduled monthly income of $40,984 and scheduled yearly income of $491,808, with laundry income contributing an additional $4,800 annually supporting durable, diversified cash flow at the property. Notably, the offering will be delivered with eight (8) vacant units, affording an incoming investor immediate operational flexibility across the majority of the building from day one. The property operates under California's AB 1482 statewide rent cap framework.Valley Glen's enduring residential appeal further strengthens the investment profile of 6590 Hazeltine Ave. The property is embedded within a tree-lined neighborhood anchored by Los Angeles Valley College and the landmark Great Wall of Los Angeles along the Tujunga Wash Greenway. The location offers convenient access to the shops, dining, and entertainment of the NoHo Arts District, Westfield Fashion Square, and the Ventura Boulevard corridor in neighboring Sherman Oaks. Proximity to the 101, 170, and 405 freeways and major employment hubs across the Burbank Media District, Van Nuys Civic Center, and Kaiser Permanente Panorama City supports sustained rental demand at the property.With its prime Hazeltine Avenue address, exceptionally large two and three bedroom floor plans, strong in-place income, gated parking and on-site laundry, and eight vacant units offering immediate flexibility 6590 Hazeltine Ave represents a rare opportunity to acquire a pride-of-ownership asset in one of the most stable and enduring residential submarkets in the San Fernando Valley.

6590 Hazeltine Avenue, Los Angeles

$2,900,000
10 Beds 12 Baths 26864835 MLS Active Status
The subject property is a twelve-unit multifamily asset located at 5912 Willoughby Avenue in the heart of Hollywood. Built in 1979 and zoned LAR3, the asset is governed by California's AB 1482 statewide rent cap rather than the stricter Los Angeles RSO. The unit mix comprises (1) Studio / 1-Bath and (9) 1-Bedroom / 1-Bath units, plus two brand-new ADUs (a Studio and a 1-Bedroom), across 6,924 building SF on a 6,495 SF lot, of wood-frame and stucco construction with individually metered utilities and on-site parking. The building delivers strong in-place cash flow, and the two brand-new ADUs, now nearing completion, are positioned to capture top-of-market rents upon delivery. Positioned within one of Los Angeles' most dynamic and walkable submarkets, the property sits minutes from the region's largest employment base in media and entertainment, including Paramount Pictures, Netflix, and Sunset Bronson Studios, along with the Melrose Avenue dining and retail corridor and the boutiques of Larchmont Village. Everyday conveniences including Pavilions, Trader Joe's, and Erewhon are within easy reach, and the Metro B (Red) Line at Hollywood/Vine offers a direct rail link to Downtown Los Angeles and the San Fernando Valley. Built in 1979, the property is exempt from the Los Angeles RSO and instead falls under California's AB 1482 statewide rent cap, allowing annual rent increases of up to 5% plus CPI, a meaningfully higher rent-growth ceiling than a locally rent-controlled asset. Hollywood remains a supply-constrained, high-demand rental market, drawing durable tenant demand from the surrounding studios, creative offices, and entertainment workforce.

5912 Willoughby Avenue, Los Angeles

$3,350,000
PW26163423 MLS Active Status
FOUR UNIT NEW CONSTRUCTION LUXURY COMPLEX IN HOLLYWOOD OFFERED FULLY LEASED OR VACANT AT A 6% CAP! We are pleased to announce a beautiful new construction, NON-RENT- CONTROLLED, Green Certified and Solar equipped four-unit complex. The property is in the heart of Hollywood and West Hollywood adjacent, between Santa Monica Blvd. and Sunset, which house Netflix, Capitol Records, Sunset Gower Studios, The Dome Entertainment Centre, Dolby Theatre and many more tech and entertainment companies pouring into the highly desirable neighborhood. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding entertainment hubs, tourism and supporting services providing high-paying and stable jobs. Hollywood continues to be a very hot market and with continued new development we anticipate further growth and demand. The property can be delivered fully vacant or leased. This non-rent-controlled luxury complex is comprised of two duplexes, totaling four new construction townhomes, each with private laundry rooms and private parking spaces and private yard spaces. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.

1231 N June, Los Angeles

$639,000
PW26163119 MLS Active Status
Exceptional opportunity to own this great duplex in the heart of LA! Whether you are looking to expand your investment portfolio with a solid investment, or if you are planning to owner occupy one unit while generating income from the other unit to offset your mortgage, this duplex presents an excellent opportunity to accomplish these goals. The beautifully updated 2-bedroom/1-bath unit blends modern touches with timeless character. Recent improvements to this vacant unit include luxury vinyl plank flooring, new taller baseboards and fresh neutral interior paint. Architectural details such as beautifully crafted original built-ins featuring glass doors and scalloped trim edges add warmth and appeal. Large windows throughout provide an abundance of natural light making the space bright and inviting. The bedrooms feature plenty of closet space, and even a walk-in closet in one. Set between the bedrooms is the bathroom with a pedestal sink, tub/shower combo, and window for ease of ventilation. Ample storage is provided as there is a coat closet as well as a large linen closet in the hallway. The spacious 1-bedroom/1-bath unit offers a comfortable layout with ample storage, and already generates great income. Each unit includes its own indoor laundry room with a generous pantry closet, and water heater along with separately metered gas and electricity for added convenience. Outside, enjoy a spacious back yard with both a grassy lawn as well as hardscape offering plenty of room for relaxing, gardening, or entertaining. A detached two-car garage with individual motorized doors and additional storage further enhance the property's appeal. Ideally situated with convenient access to public transportation, SoFi Stadium, Intuit Dome, LAX, major freeways, shopping, dining, and Downtown Los Angeles, this property offers outstanding versatility for both investors and owner-occupants and strong desirability for tenants. Don't miss this opportunity to own a well-maintained, income-producing duplex in one of Los Angeles' most convenient and sought-after locations.

Los Angeles

$2,299,999
57 Beds 57 Baths 26864791 MLS Active Status
Welcome to 1020 N ARDMORE AVE, a fully entitled project for 57 units RTI( Ready to Issue) property perfect for Developers, Investors, Contractors and Builders, ready to pull permits and to start building right away, located just minutes from Larchmont and Silverlake and in between both. This SHOVEL READY 100% Affordable ED1 project features 57 units including a manager's office that can be converted into a unit, 40-1 bedroom, 17- studios across a Type V, four story, fully stacked designed which features all wood frame floors on an almost 9,000 square foot lot plus an alley. This design has a significant savings in construction costs and time maximizing the most units with much lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of Los Angeles most vibrant and high demand area, the property located in Hollywood close to Sunset BLVD with a walk score of 87, close to restaurants, coffee shops and shopping centers. Due to its central location, the area is within top employment hubs and is minutes from Larchmont, Silverlake, Hollywood Walk of FAME, Paramount Studios, Melrose Hills and it is a highly desirable and attractive area that has other brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area, close to the Vermont/Sunset Metro Subway Station, making this very walkable and bike friendly. The stackable design features 25,292 square feet of building area with units ranging from approx 300-456 square feet. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 57 units would bring a estimated monthly gross income of $123,044 and yearly gross income of $1,476,528, or a buyer can look into achieving higher rents with Section 8 vouchers (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area. Each unit is designed for maximum affordability and optimized rental income. This development presents a rare and immediate opportunity for developers to bring much-needed affordable housing to one of LA's most sought-after areas. BUYER TO VERIFY ALL!

1020 N Ardmore Avenue, Los Angeles

$2,099,999
64 Beds 64 Baths 26864777 MLS Active Status
Welcome to 6526 Brynhurst a fully entitled, RTI( Ready to Issue) in hand permits ready to build, 100% Affordable ED1 project featuring 64 units plus a managers office that can be converted into a unit, 55-1 bedroom, 9- studios across a Type V, four story, fully stacked designed which features all wood frame floors. This design has a significant savings in construction costs and time maximizing the most units with the lowest construction costs compared to 5 stories and higher. The property is located in Hyde park which is just outside the border of the City of Inglewood, while being able to deal with Los Angeles Building and Safety codes, and inspections. The area is surrounded by brand new construction apartment/retail buildings all over and directly across the street from the site, the City of LA purchased a 5 story 41 unit building for $17.3 million as part of the Project Homekey, $421k per door. The property is located in a TOC Tier 3 area, walking distance to the dynamic and new Crenshaw metro rail line, Restaurants, and close to SOFI STADIUM( home of the 2026 World Cup & 2028 Olympics), KIA FORUM, LAX, HOLLYWOOD PARK, Intuit Dome, and Baldwin Hills Crenshaw Plaza, a $1 Billion retransformation project . The building is fully 100% ADA Compliant for seniors but the housing covenant allows to rent to anyone. The new design features no parking with 32,252 square feet of building area and there are several contractor bids in hand. Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a 100% Fully vacant Fourplex, located close to West Adams, Downtown, Culver City and minutes from the soaring employment hub of Inglewood that continues to grow daily. A developer can break ground right away and there has been a lot of money invested in the area. Buyer to Verify all!

6526 Brynhurst Avenue, Los Angeles

$1,020,000
PW26162171 MLS Active Status
Turnkey 7-Unit Mixed-Use Investment | 10 Cap Rate Welcome to 1357 W Temple Street — a rare, turnkey mixed-use investment opportunity in the heart of Echo Park, one of Los Angeles's most dynamic and rapidly appreciating eastside neighborhoods. This professionally maintained property features four studio units upstairs, plus a downstairs one-bedroom, one-bath unit and two office spaces with an additional bath — the latter offering excellent potential for conversion to residential use, creating additional upside beyond current income. Built in 1912 and thoughtfully modernized over the last 15 years — including roof, plumbing, and electrical updates — the property combines character with functional, income-ready infrastructure. Investment Highlights: 10 CAP rate on current rents, with pro forma upside exceeding 13 CAP Rate Seven units total — flexible mixed-use configuration with residential conversion potential Turnkey condition with recent roof, plumbing, and electrical upgrades Zoned LACW Prime signalized corner on high-traffic Temple Street with easy access to the 101 and 110 Freeways Situated at the crossroads of Echo Park, Silver Lake, and East Hollywood, this property is within walking distance to Echo Park Lake and just minutes from Dodger Stadium, Downtown Los Angeles, Disney Hall, and the Arts District. The surrounding corridor continues to see strong demand from creative, wellness, and media tenants, supporting sustained rental growth and long-term appreciation in a supply-constrained market. Link for OM / Property info / expenses: Call Jason Kim for more info

1357 W Temple, Los Angeles

$1,129,000
8 Beds 4 Baths 26862873 MLS Active Status
Calling All Investors! Rare opportunity to acquire a fully occupied fourplex on a beautiful treelined Street, in one of Los Angeles' most established and steadily appreciating neighborhoods. This well-maintained income property features four spacious 2-bedroom, 1-bath residences, each exceeding 1,300+ square feet, a unit size rarely found in today's multifamily market and a significant advantage for long-term tenant retention. All Units with the original Hardwood floors. Full of irreplaceable Period Character. Three of the four units have been upgraded, and ownership has completed several important capital improvements, including updated plumbing, upgraded electrical panel, and updated windows. Each unit is separately metered, allowing for efficient utility management, and laundry in each unit provides an attractive amenity for residents. Situated on an R3-zoned lot (buyer to verify). Ideally located in the heart of Leimert Park, the property offers convenient access to neighborhood restaurants, shopping, parks, public transportation, the Metro K and E Lines, and the Crenshaw/LAX Transit Corridor, with easy access to Culver City, USC, Exposition Park, Downtown Los Angeles, and connectivity to major employment centers. Whether you're completing a 1031 exchange, expanding an existing multifamily portfolio, or seeking a long-term appreciation investment, this property offers a compelling combination of location, income, and future potential. Listing Agents have not viewed Interior of units. Please Do Not Disturb Tenants. Interior Shown with Accepted Offer Only. Prefer All CASH Offers. Call for Details.

4250 8th Avenue, Los Angeles

$500,000
4 Beds 4 Baths 26863525 MLS Active Status
Marcus & Millichap presents 3109 George Street, a four-unit multifamily investment opportunity located in Lincoln Heights, one of Los Angeles' most historic and rapidly evolving neighborhoods. The offering consists of two separate parcels totaling approximately 9,000 square feet of land. The four-unit building is situated on the front parcel and features four (4) spacious one-bedroom units totaling 2,704 square feet. The separate rear parcel provides investors with an opportunity to explore additional development or other value-add possibilities. The property represents an exceptionally attractive basis of $125,000 per unit and $185 per square foot of building area. With approximately 74% upside in rental income, investors have a compelling opportunity to substantially increase cash flow as units turn over.3109 George Street is conveniently located near the USC Health Sciences Campus, Lincoln Park and the Metro A Line, providing convenient access to Downtown Los Angeles and several major employment and transportation corridors. The property is also situated near A34, a five-acre, transit-oriented development featuring 468 residential units and approximately 16,000 square feet of retail space near the Heritage Square Metro station.With its two-parcel configuration, significant rental upside, attractive price per unit and potential for future development, 3109 George Street presents a rare opportunity to acquire a multifamily asset at an exceptionally low basis in a neighborhood poised for continued growth.

3109 George Street, Los Angeles

$750,000
MB26161097 MLS Coming Soon Status
Value-Add Fourplex on Large R3-1 Lot in Lincoln Heights Built in 1930, this charming two-story Craftsman-style property has been converted into four one-bedroom, one-bathroom units. Rich in character and architectural appeal, the building presents an exceptional opportunity for investors seeking a value-add asset. The property requires substantial rehabilitation, making it ideal for buyers looking to renovate and maximize its long-term potential. It is subject to Los Angeles rent control, with long-term tenants currently in place, providing stable occupancy while offering future upside. Situated on a generous R3-1 zoned lot, the property may offer the potential to add two ADUs or two additional dwelling units, subject to buyer verification and approval by the City of Los Angeles. Located in the highly desirable Lincoln Heights neighborhood, the property is just 10 minutes from Downtown Los Angeles and enjoys convenient access to major freeways, public transportation, shopping, dining, schools, parks, and other neighborhood amenities. The area is well established and continues to benefit from ongoing investment and redevelopment, making this an attractive opportunity for investors with a vision. Property Highlights: Built in 1930 Two-story Craftsman-style building Four 1-bedroom, 1-bathroom units Significant rehabilitation needed Subject to Los Angeles Rent Stabilization Ordinance (rent control) Long-term tenant occupancy Large R3-1 zoned lot with potential for additional development (buyer to verify) Possible opportunity for two ADUs or two additional units Prime Lincoln Heights location Approximately 10 minutes to Downtown Los Angeles Close to public transportation, shopping, restaurants, schools, parks, and major commuter routes This is a rare opportunity to acquire a classic Los Angeles income property with renovation and development potential in one of the city's historic and evolving neighborhoods. Buyer is advised to independently verify all zoning, development potential, and applicable regulations with the City of Los Angeles.

3212 Baldwin, Los Angeles

$1,600,000
11 Beds 11 Baths 26863481 MLS Active Status
We are pleased to present 2127 Portland Street, an 11-bed USC student housing asset located less than one mile from USC Village and within the USC Department of Public Safety patrol zone. The offering consists of two separate structures on a 6,152 square foot lot: a large-format 7 bedroom / 7 bathroom main house and a newer townhome-style 4 bedroom / 4 bathroom ADU at the rear. The main house was taken down to the studs and fully renovated with new mechanical, electrical, and plumbing systems behind a classic North University Park facade. The rear ADU is newer construction built to current code. A buyer acquires renovated and new-build product without new-construction pricing, and without the deferred maintenance that typically comes with a pre-war USC rental. Seven-bedroom floor plans are scarce in the USC submarket and draw stronger rents from fraternities, sororities, athletic teams, and returning friend groups that need a full house under one lease. The 4+4 ADU serves the opposite end of the demand curve: individual students, graduate students, and young professionals who want newer, private, apartment-style living. Ownership can lease the property one group at a time, by the bed, or both, and can adjust that strategy every leasing season without a capital event. At $1,600,000, the pricing equates to $145,455 per bed and $430.69 per square foot, meaningfully below replacement cost for comparable new student housing product. Current rents of $8,200 per month on the main house and $5,000 per month on the ADU, plus $1,100 per month in utility income, produce $171,600 of scheduled gross income and $112,103 of net operating income, reflecting a 7.01 CAP and a 9.32 GIM on in-place numbers. USC Village sits less than a mile away and anchors the neighborhood commercially. The $700 million development delivered a Target, a Trader Joe's, and roughly 15 restaurants across 115,000 square feet of ground-floor retail, alongside 2,700 student beds and a 30,000 square foot fitness center. Tenants walk to groceries, dining, banking, and pharmacy without a car. The Harbor Freeway (110) is minutes away with on-ramps at Adams Boulevard, and the Santa Monica Freeway (10) sits just north of the property. The Metro E Line's LATTC/Ortho and Jefferson/USC stations serve North University Park with trains every 8 to 10 minutes during the day, putting Downtown employment centers roughly three miles north within reach of graduate students, medical residents, and recent graduates. The main house is a legal single-family residence and can be repositioned as a conventional owner-user or luxury single-family rental at any point, with the ADU providing separate income or family housing, so ownership retains the option to exit into the single-family market rather than only the student housing market. Separately, under the One Big Beautiful Bill Act, which permanently restored full first-year expensing for qualifying assets acquired after January 19, 2025, a buyer can pair a cost segregation study with accelerated depreciation to immediately deduct the short-life components of both structures. Given the extent of the recent renovation and the newer rear structure, that allocation is likely to be substantial.

2127 Portland Street, Los Angeles

$1,599,900
PW26158293 MLS Active Status
Rare Elysian Heights Fourplex! One VIEW unit is available for immediate occupancy, with a rare opportunity to reside in one residence and generate income from the remaining three. Within this highly sought-after hillside neighborhood this exceptional fourplex delivers the perfect blend of lifestyle, owner-user flexibility, and long-term investment value. The property features an excellent unit mix of (3) spacious 2BD/1BA units and (1) oversized 3BD/2BA unit with its own private patio. The vacant 2BD/1BA unit, situated in one of the most desirable locations within the property, enjoys spectacular downtown Los Angeles skyline views from both the kitchen and its adjacent private balcony. Bright and inviting, the kitchen features granite countertops and stainless-steel appliances. This specific residence has been thoughtfully refreshed with all-new interior paint and carpet, making it move-in ready for immediate owner occupancy or an outstanding opportunity to lease at today's market rents. Significant capital improvements have already been completed, including a new roof and building seismic retrofit in 2019, along with a freshly painted exterior that enhances the property's curb appeal. Additional amenities include a community laundry room, storage and on-site parking for up to eight vehicles, a rare and valuable convenience in this highly desirable neighborhood. Ideally located just moments from Echo Park Lake, Dodger Stadium, Downtown Los Angeles, Silver Lake, and the vibrant restaurants, cafés, boutiques, and nightlife along Sunset Boulevard, this property offers the perfect blend of neighborhood charm and urban convenience. Whether you're looking to live in one unit while enjoying income from the others or seeking a premier multi-family investment, this is a truly exceptional opportunity that rarely becomes available.

2017 Vestal Avenue, 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.