Los Angeles Southwest (C34) Homes with Multi Level Stories

Welcome to the vibrant and diverse region of Los Angeles Southwest (C34), a hidden gem nestled in the heart of Los Angeles County. This dynamic area is known for its rich cultural tapestry, offering a unique blend of urban living and suburban charm. With its close proximity to downtown Los Angeles, residents enjoy easy access to a plethora of dining, shopping, and entertainment options, all while being surrounded by the stunning natural beauty that Southern California is famous for.

One of the standout features of homes in the Los Angeles Southwest region is the availability of multi-level story residences. These homes not only maximize living space but also provide an opportunity for stunning views and architectural diversity. Whether you’re looking for a cozy two-story home or a more expansive multi-level property, the options here cater to a variety of lifestyles and preferences. Imagine waking up to the warm California sun pouring through your windows, or entertaining guests on a spacious upper-level deck that showcases breathtaking sunsets over the city skyline.

The community is also characterized by its friendly atmosphere and welcoming neighborhoods, making it an ideal place for families, young professionals, and retirees alike. With parks, schools, and recreational facilities nearby, residents can enjoy a balanced lifestyle that embraces both relaxation and activity.

Explore the charm of Los Angeles Southwest (C34) and discover a home that reflects your personal style, all while being part of a vibrant community that truly feels like home. Your dream multi-level story residence awaits in this captivating corner of Los Angeles!

Newest Los Angeles Southwest (C34) Homes with Multi Level Stories

$899,000

4 Beds ⋅ 2 Baths ⋅ 26862877 MLS ⋅ Active Status

Classic Craftsman charm meets incredible opportunity! This spacious 2,294 sq. ft. home sits on an expansive 6,962 sq. ft. LAR2-zoned lot, offering endless possibilities for multigenerational living, rental income, or future ADU/additional unit potential. Behind the inviting covered front porch, you'll find a flexible floor plan featuring a formal entry hall, office/den, oversized living room, formal dining room with classic beamed ceilings and built-ins, a bright updated kitchen with marble countertops and newer appliances, an updated full bath, and a large laundry room with abundant storage. Upstairs offers three bedrooms, another updated bath, and a versatile sunroom/flex space off the primary bedroom. Public records reflect 4 bedrooms, while the home is currently configured with 5 bedrooms plus an office/den. The gated property also includes a detached garage, long driveway, attached carport, generous backyard, and plenty of storage throughout. Conveniently located near USC, Exposition Park, Downtown Los Angeles, and major freeways, this classic Craftsman offers the perfect blend of character, space, and future potential for homeowners and investors alike.

4020 Brighton Avenue, Los Angeles

$1,189,000

6 Beds ⋅ 3 Baths ⋅ 26856219 MLS ⋅ Active Status

Some homes simply offer more possibilities! Positioned on an LAR4-zoned corner lot in one of Los Angeles' most centrally located neighborhoods, you'll enjoy convenient access to USC/University Village, Exposition Park, BMO Stadium, The Lucas Museum, CA Science Center, DTLA and easy access to the Westside. It's just steps from the Expo Line, offering the perfect landing place for students or commuters. Whether you're searching for a long-term investment, a multi-generational residence, or simply a home with room to grow, opportunities with this level of flexibility are increasingly rare. Beautifully updated and remarkably versatile, this striking two-story Craftsman is rich in character and thoughtfully refreshed. Currently functioning as two separate living spaces, each with its own kitchen and laundry area, the home offers incredible flexibility for a variety of living arrangements. The main level features two spacious bedrooms and 1.25 baths, while the upper level offers four bedrooms and one bath, creating an ideal setup for extended family, rental income or student housing. And then there's the bonus space. Detached from the main residence and complete with its own bathroom, it opens the door to even more possibilities, whether envisioned as a home office, creative studio, fitness space, or additional living area. Natural light pours through generous windows, highlighting hardwood floors, spacious living areas, and original details that give the home warmth and personality. Outside, multiple gathering spaces invite you to slow down and enjoy SoCal living. Brick patios, mature fruit trees, drought-conscious landscaping, and a private garden creates an inviting setting for entertaining, relaxing, or spending time with family and friends. A home with character. A property with possibilities. An investment in both your present and your future!

1476 W 37th Drive, Los Angeles

$2,975,000

46 Beds ⋅ 39 Baths ⋅ 26855605 MLS ⋅ Active Status

We are pleased to present 1177 W. 37th Place, a fully entitled, ready-to-issue (RTI) ground-up student housing development located half a block from the University of Southern California. This is a rare opportunity for a developer or investor to acquire a shovel-ready, permit-in-hand project in one of Los Angeles' most supply-constrained and consistently performing rental submarkets, and to build and hold a brand-new, income-producing asset in the heart of the USC rental corridor. The current ownership has already carried the project through the time-consuming, capital-intensive, and risk-laden work of design, civil and structural engineering, full construction documents, plans, permits, and city approvals to a ready-to-issue status. An incoming buyer effectively steps in at the finish line of the entitlement process: this work is already complete, eliminating an estimated 12 to 18+ months of entitlement timeline and the associated discretionary risk. The buyer simply pulls permits and breaks ground. The approved plans, prepared by California Development & Design Inc., deliver a five-story, 19,900 GSF building - four levels of Type V-A residential over a Type I-A podium with ground-level parking and a residential lobby - comprising seven residential units plus a multi-level ADU (eight units total), 46 bedrooms and 39 bathrooms, purpose-built for a rent-by-the-bedroom student-housing model. The building is fully sprinklered (NFPA-13) and topped by a rooftop open space, and it additionally benefits from on-site parking income and a low-income housing subsidy component, diversifying the income stream beyond bedroom rents alone. On the economics, a developer acquires the RTI site at $2,975,000 and completes construction for an estimated all-in basis of roughly $8.85M - construction of approximately $5.09M plus financing and remaining costs. At stabilization, 46 bedrooms leasing at approximately $1,500 per bed, together with parking and subsidy income, generate approximately $860,400 of gross income and approximately $599,690 of net operating income, supporting a projected stabilized value of $10,000,000 at a 6.0% cap (12.1x GRM). That represents approximately $1.15M of value created over total cost and a ~6.8% return on cost, comfortably above prevailing market cap rates, with meaningful additional upside through refinance, rent growth, and a long-term hold.

1177 W 37th Place, Los Angeles

$3,498,000

44 Beds ⋅ 44 Baths ⋅ 26852685 MLS ⋅ Active Status

We are pleased to present 1158 W. 37th Place, a fully entitled, ready-to-issue (RTI) ground-up student-housing development located less than half a block from the University of Southern California. This is a rare opportunity for a developer or investor to acquire a shovel-ready, permit-in-hand project in one of Los Angeles' most supply-constrained and consistently performing rental submarkets, and to build and hold a brand-new, amenity-rich asset in the heart of the USC rental corridor. Critically, the current ownership has already invested approximately $800,000 into the project's soft costs, including architectural design, full construction documents, civil and structural engineering, plans, permits, city fees, and holding costs, carrying the project all the way through to a ready-to-issue status. An incoming buyer effectively steps in at the finish line of the entitlement process: the time-consuming, capital-intensive, and risk-laden work of design and city approvals is already complete, eliminating an estimated 12 to 18+ months of entitlement timeline and the associated discretionary risk. The buyer simply pulls permits and breaks ground. The approved plans deliver a six-story, 24,137 GSF building (5-over-1, Type III-A over a Type I-A concrete podium) comprising seven residential units plus a multi-level ADU - 44 bedrooms and 44 bathrooms - purpose-built for a rent-by-the-bedroom student-housing model. By design, the project carries zero on-site parking under its TOC density-bonus entitlement, maximizing rentable area and lowering construction cost per buildable foot. The building was engineered for maximum profitability, sustainability, and tenant comfort as an intended owner-operated, long-term hold, and delivers a full amenity package: a fitness center, elevator, Parcel Pending package lockers in the lobby, a rooftop recreation deck with fire pit and BBQs, and secured bicycle parking. On the economics, a developer acquires the RTI site at $3,498,000 (inclusive of the ~$800,000 of completed entitlement work) and completes construction for an estimated all-in basis of roughly $8.88M - construction of $4.83M plus financing and remaining soft costs. At stabilization, 44 bedrooms leasing at approximately $1,500 per bed generate ~$792,000 of gross income and ~$636,079 of net operating income, supporting a projected stabilized value of $10,000,000 at a 6.36% cap (12.6x GRM). That represents approximately $1.12M of value created over total cost and a ~7.2% return on cost, comfortably above prevailing market cap rates, with meaningful additional upside through refinance, rent growth, and a long-term hold. Positioned within the USC rental corridor and the USC Department of Public Safety (DPS) 24/7 patrol area, 1158 W. 37th Place pairs premium, year-round, frequently parental-guaranteed student demand with a fully approved, permit-ready plan. For a developer or long-term investor, it is a rare chance to capture both the entitlement value already created and the durable, high-yield cash flow of a brand-new core asset. Located just steps from the USC campus and minutes from the Los Angeles Coliseum and BMO Stadium, this site puts world-class sports and entertainment right at your doorstep, from USC Trojans football to LAFC and Angel City FC. The opportunity grows even larger in 2028, when Los Angeles hosts the Summer Olympics (July 14) and the neighboring Coliseum takes center stage as the home of the Opening and Closing Ceremonies and Olympic track and field, becoming the first venue in history to host three Olympic Games. With the Metro E Line and rapid-transit options close by, this is a rare chance to own in one of the city's most dynamic and sought-after neighborhoods, positioned to thrive both today and under the global spotlight of 2028.

1158 W 37th Place, Los Angeles

$2,699,000

16 Beds ⋅ 15 Baths ⋅ 26829759 MLS ⋅ Active Status

Prime investment opportunity with immediate cash flow. Built in 2022, this fully occupied 5-unit multifamily property is located near Vermont Square in South Los Angeles. The property consists of two 3-story, townhomes totaling approximately 6,995 square feet of living space.The unit mix includes two 4-bedroom/5-bath units, two 4-bedroom/3-bath units, and one 1-bedroom/1-bath ADU with a separate private entrance. Designed with contemporary finishes and expansive floor plans to offer flexible living options suitable for roommate-style or multigenerational occupancy. Residents have access to a central common area. Parking includes a 2-car attached garage plus four uncovered spaces, for a total of six parking spaces. All five units are currently leased, offering immediate income with no lease-up period.

4224 S Western Avenue, Los Angeles

$939,900

3 Beds ⋅ 3 Baths ⋅ OC26124654 MLS ⋅ Active Status

INCREDIBLE USC AREA TRIPLEX OPPORTUNITY!!! Exceptional opportunity to acquire a versatile triplex just a short 10-minute walk from USC. This well-maintained property offers tremendous flexibility for investors, developers, student housing operators, or owner-occupants looking to capitalize on one of Los Angeles' strongest rental markets. The property consists of a spacious 3-bedroom, 1.5-bath front house and a separate duplex featuring two ADU studio units situated above three garages. The ADU conversions are complete. Unique opportunity offering exceptional flexibility for owner-users and investors. Contact the listing agent for occupancy details. Opportunities like this in the USC area are increasingly difficult to find and provide numerous possibilities for rental income, student housing, owner occupancy, or long-term investment strategies. Additional features include a solar system to help offset utility costs, excellent overall condition, garage space, and a prime location near USC, Downtown Los Angeles, Exposition Park, BMO Stadium, shopping, dining, public transportation, and major freeway access. Properties offering multiple units, solar, garage space, ADU potential, and close proximity to USC are becoming increasingly rare. Do not miss this exceptional investment opportunity. Buyer to verify all information, square footage, solar, permits, zoning, ADUs, and development opportunities to their own satisfaction.

1522 W 29th, Los Angeles

$1,350,000

4 Beds ⋅ 12 Baths ⋅ 26835457 MLS ⋅ Active Status

1014 W 57th Street, Los Angeles

$1,695,000

12 Beds ⋅ 8 Baths ⋅ 26769931 MLS ⋅ Active Status

DO NOT MISS THIS OPPORTUNITY to secure the cheapest new construction 4 unit property in the city of Los Angeles. Unbeatable price will allow you to capitalize on a 7%+ cap rate. Completing construction in 2026, this 4 unit is conveniently located on Gage and Central and is highlighted by 8 on site parking spots, SEPARATE UTILITIES FOR ALL UNITS, and a massive private back yard. Each unit comes equipped with modern brand new kitchens, open floor plans, laundry hookups, and assigned parking. All four units are perfect for roommates or families and are situated near public transportation and the 110 freeway allowing easy access to downtown LA, USC, and South Bay. Do not miss your chance to lock in to a brand new 4 unit for an unbeatable price and achieve unmatched return on investment.

850 W Gage Avenue, Los Angeles

$1,695,000

4 Beds ⋅ 12 Baths ⋅ 26724037 MLS ⋅ Active Status

Part of a Portfolio! Can be sold individually or as a portfolio. 1061 W 57th St offers investors excellent in-place cash flow on day one with the benefit of additional upside in rents. The subject property offers an investor a great unit mix consisting of (1) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath and (3) Studio / 1 Bath units. The 6,997 square foot building sits on a 5,170 square foot lot that is zoned LARD2 and was built in 1929.

1061 W 57th Street, Los Angeles

$1,975,000

10 Beds ⋅ 13 Baths ⋅ 26685067 MLS ⋅ Active Status

We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon Avenue. The property benefits from over 28,000 vehicles per day on Western Avenue, Metro Local bus stops at both cross streets, and convenient access to major employment hubs throughout the region.All three retail units are fully leased to faith-based tenants, among the most reliable commercial tenants in the market. Faith-based organizations historically demonstrate low turnover, consistent payment, and deep community ties that anchor them to a location long term, adding durability and predictability to the income stream that compares favorably to the vacant or month-to-month commercial exposure found in competing listings. Offered at a 6.72% CAP rate and 7.87 GRM on current income, the asking price of $186 per square foot represents a basis that is difficult to find on a cash-flowing mixed-use asset anywhere in Los Angeles today. Current rents reflect a solid in-place foundation with meaningful room to grow as leases turn over. The residential component consists of six one-bedroom and four two-bedroom units appealing to a broad renter base across the South LA submarket. A majority of units have been updated with stainless steel appliances, wood-style flooring, and refreshed bathrooms, reducing near-term CapEx on a portion of the portfolio while presenting clear value-add opportunity on the remaining units.1645 W 48th Street may also qualify for accelerated depreciation benefits under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. Investors are encouraged to request a cost segregation feasibility study to maximize available tax advantages. A rare combination of immediate yield, irreplaceable corner positioning, and significant upside to market rents, 1645 W 48th Street delivers durable cash flow today with meaningful long-term appreciation potential.

1645 W 48th Street, Los Angeles

$1,495,000

12 Beds ⋅ 8 Baths ⋅ 26671253 MLS ⋅ Active Status

Look at this Gross Income - $160,080.!! (Can be Delivered Vacant) Located in the coveted USC Security Patrol Zone and just 3 blocks from campus, this exceptional student housing investment is a high-performing asset in one of Los Angeles' most sought-after rental markets. The University of Southern California is world renown and one of the top rated institutions in the country. Because of proximity to campus, this property consistently commands premium rents, catering to both USC students and young professionals. Property includes two beautifully restored Craftsman residences totaling 12 bedrooms, with the potential to accommodate up to 19 occupants. Originally built in 1913 and beautifully renovated, the residences feature polished hardwood floors, granite countertops, stainless steel appliances, laundry, central HVAC, and updated systems including copper plumbing, electrical, and roofing. Each bedroom is spacious and well-appointed with furnishings such as beds, desks, armoires, and mini-fridges, along with individual climate controls. The property also offers on-site parking, secure entry, and additional amenities that enhance tenant appeal. This is a turnkey investment with excellent operating fundamentals. With the addition of the brand-new George Lucas Museum, the LAFC Stadium, upcoming 2028 Olympic events and much more, this location will continue to see increasing demand, and huge long-term growth.

1327 W 35th Street, Los Angeles

$1,249,000

7 Beds ⋅ 5 Baths ⋅ 26670219 MLS ⋅ Active Status

Authentic Los Angeles Victorian-style duplex with recently refurbished interiors, spacious living areas, and cavernous bedrooms. Both the downstairs and upstairs units feature multiple bedrooms, along with a quaint outdoor area that can be used for overflow parking or as a community patio. The detached garage has excellent potential and can be easily converted into an ADU. The property currently generates a strong cash flow of $6,750/month between the two units. The roof is only 1.5 years old, and all windows are 7-year-old double-pane units with a lifetime warranty from American Vision Windows. Both units have been fully remodeled, with the most recent renovations completed just 4 years ago.

4051 S Normandie Avenue, Los Angeles

Start Your Search

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.