South Central LA Homes under $2 million

South Central LA Homes under $2 million

Welcome to South Central LA, a vibrant and culturally rich neighborhood located in the heart of Los Angeles County, California. Known for its deep-rooted history and diverse community, South Central LA is a tapestry of cultures, art, and music, making it one of the most dynamic areas in the city. The neighborhood boasts a unique blend of urban energy and suburban charm, offering residents a lively atmosphere filled with local shops, delicious eateries, and community events that celebrate its rich heritage.

For those looking to invest in this thriving area, South Central LA offers an array of homes priced under $2 million, making it an attractive option for first-time buyers, families, and investors alike. Here, you’ll find a variety of architectural styles, from charming bungalows to modern townhomes, each with its own character and appeal. The affordability of homes in this neighborhood allows for a unique opportunity to own a piece of Los Angeles without breaking the bank.

Living in South Central LA means being part of a community that values resilience and creativity. Residents enjoy access to parks, recreational facilities, and cultural landmarks, ensuring that there’s always something to do and explore. Plus, with convenient public transportation options and proximity to major freeways, commuting to other parts of Los Angeles is a breeze.

Whether you’re drawn to its rich cultural scene or looking for a place to call home, South Central LA offers a welcoming environment where you can thrive. Discover the charm of this remarkable neighborhood and find your dream home today!

Newest South Central LA Homes under $2 million

1321 E Adams, Los Angeles
$1,200,000
DW26219668 MLS ⋅ Active Status
EXCELLENT INVESTMENT TO RENT THEM OUT OR TO LIVE AND PAY PENNIES

1321 E Adams, Los Angeles
134 E 31st Street, Los Angeles
$925,000
PW26221449 MLS ⋅ Active Status
3 BEDROOM 2 BATH UNIT VACANT AT COE, offering a new owner the opportunity to OWNER OCCUPY the unit or lease it while benefiting from income generated by the remaining units. Including the pro forma rent for the vacant 3-bedroom unit, the property generates just under $7,000 in monthly rental income. 134 E 31st Street is a 4-unit multifamily opportunity featuring a unit mix of (1) 3+2, (2) 2+1, and (1) 1+1. The remaining units are occupied by long-term tenants, providing dependable in-place income and stability from day one. This creates an attractive balance of reliable current cash flow, immediate lease-up potential, and long-term rental upside as units turn over over time. Located just east of USC and Exposition Park, the property benefits from proximity to Downtown Los Angeles, major employment centers, transit, the LA Memorial Coliseum, BMO Stadium, the California Science Center, and other major destinations. Its central location, established tenancy, and immediate vacancy make 134 E 31st Street a compelling opportunity for both investors and owner-users seeking long-term value in Los Angeles.

134 E 31st Street, Los Angeles
1373 E 23rd Street, Los Angeles
$705,000
4 Beds ⋅ 2 Baths ⋅ 26996343 MLS ⋅ 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 Street, Los Angeles
726 E 31st, Los Angeles
$960,000
PF26214605 MLS ⋅ Active Status
Discover a rare investment opportunity in the heart of Los Angeles, just minutes from Downtown LA, Koreatown, and USC. This well-maintained, non-rent-controlled property features upgraded units, ample rear parking, and a dedicated space with laundry hookup potential—valuable amenities in a high-demand rental market. With its central location and strong income potential, this property is a smart addition to any investor’s portfolio. Don’t miss your chance to own a standout asset in one of LA’s most desirable areas. NO RENT CONTROL BUILDING.

726 E 31st, Los Angeles
201 E 31st, Los Angeles
$1,400,000
TR26213551 MLS ⋅ Active Status
Excellent opportunity to own a four-unit residential income property in a convenient Los Angeles location. Situated on a spacious 6,280 sq. ft. lot with approximately 3,736 sq. ft. of living space, the property offers ample parking and numerous recent upgrades throughout. All electrical panel boards, including interior and exterior panels, are brand new, along with new electrical outlets throughout all units. Each unit features brand-new flooring and interior paint, while the bathrooms have been updated with new sinks, toilets, and mirrors. The stairway has been upgraded with new flooring, and all units feature brand-new A/C systems. Separate washer and dryer units are provided for each unit, with the exception of Unit 205. Conveniently located near the 10 and 110 Freeways, the property offers easy access to USC, Exposition Park, Downtown Los Angeles, the Fashion District, LA LIVE, restaurants, shopping, and entertainment. With its four-unit configuration, substantial lot size, ample parking, extensive upgrades, and desirable central location, this property offers an excellent opportunity for investors seeking a well-positioned Los Angeles income property.

201 E 31st, Los Angeles
1352 23 rd, Los Angeles
$977,500
6 Beds ⋅ 3 Baths ⋅ CV26214435 MLS ⋅ Active Status
Completely remodeled Duplex offers an excellent opportunity for investors or owner-occupants looking for flexibility and income potential. Unit 1 features 4 bedrooms and 2 bathrooms, while Unit 2 offers 2 bedrooms and 1 bathroom. Both units are turnkey, vacant, and ready for their next owners or tenants. The property also features an unpermitted garage conversion, providing additional space and an opportunity for the new owner to explore its potential and possible future use. Conveniently located near USC, major hospitals, the 10 Freeway, BMO Stadium, Crypto.com Arena, the Lucas Museum of Narrative Art, and many other popular destinations. With easy access to transportation, entertainment, employment, and educational institutions, this property offers both convenience and versatility. A great opportunity to own a vacant, turnkey duplex in a highly accessible Los Angeles location!

1352 23 rd, Los Angeles
1145 E 33rd Street, Los Angeles
$899,000
3 Beds ⋅ 5 Baths ⋅ 26994291 MLS ⋅ Active Status
Presenting 1145 E 33rd St, Los Angeles, a 5-unit multifamily investment opportunity offered at $899,000 just $179,800 per unit. The property features four studio units and one 3-bedroom/1-bathroom unit located at the rear. Based on 2025 actuals, the property generated $66,492 in rental income and $56,228 NOI, representing a 6.25% cap rate, despite two vacancies during the year. Two vacant units offer immediate income potential, with additional upside through stabilized occupancy, increased rental income, and improved overall cash flow. Do not disturb tenants.

1145 E 33rd Street, Los Angeles
610 E 24th Street, Los Angeles
$990,000
12 Beds ⋅ 6 Baths ⋅ 26992987 MLS ⋅ Active Status
610 East 24th St is a 4-unit property in Historic South Central, offered at $990,000 with approx. 53% rental upside. Built in 1910, the property includes 3 separate buildings totaling approx. 4,048 SF, on a spacious 9,644 SF corner lot. The unit mix is comprised of (2) 4-bdrm. /2-bath residences and (2) 2-bdrm./1-bath units, giving the property larger floor plans than are typically found in a fourplex. The property has a distinctly residential feel, led by a Craftsman-influenced front residence with gabled rooflines, exposed eaves, a covered front porch, bay window, and fenced yard. The additional buildings are positioned toward the rear of the property, creating greater separation between the four units, while a large central parking area provides substantial off-street parking for residents. Current gross rents total $6,730 per month, ompared with projected rents of $10,300 per month, representing approx. 53% rental upside. Located just south of Downtown Los Angeles, 610 East 24th Street provides convenient access to USC, Exposition Park, the LA Fashion District, and surrounding South Los Angeles neighborhoods. USC is approx. 1.5 miles away, the Fashion District approx. 1.4 miles, and Exposition Park approx. 1.7 miles, placing education, employment, retail, museums, sports, and entertainment within a relatively compact radius. 610 East 24th Street brings together larger residential units, three separate buildings, and a location with convenient access to USC, Exposition Park, and Downtown Los Angeles. With current rents below the projected rents shown in the property's rent roll, there is also a clear path for income to grow over time.

610 E 24th Street, Los Angeles
3818 Crawford, Los Angeles
$879,000
DW26208880 MLS ⋅ Active Status
Beautifully remodeled duplex featuring two detached units, offering privacy, flexibility, and plenty of space. Front unit is a 3-bedroom 2 bath and the back unit is a 2-bedroom 1 bath. Both units have been thoughtfully upgraded inside and out, with modern finishes, updated kitchens and bathrooms, fresh flooring, stylish fixtures, and improvements throughout. The property boasts excellent curb appeal, a large driveway with ample parking, and a spacious yard that provides plenty of room for outdoor entertaining, gardening, or additional recreational space. The detached layout creates a comfortable sense of separation between the two residences, making this an ideal opportunity for multigenerational living, extended family, rental income, or an owner-occupant looking for additional space. Property is also located near freeways, BMO Stadium, the Coliseum, USC and so many other places that are minutes away. Look no more - this one is golden!

3818 Crawford, Los Angeles
620 E 28th Street, Los Angeles
$980,000
DW26208508 MLS ⋅ Active Status
Introducing a thoughtfully reconfigured early-1900s residence offering exceptional flexibility for investors, owner-users, and multi-generational living. This distinctive property has been transformed into a versatile multi-occupant residence designed to maximize functionality and rental potential. The main house features three first-floor bedrooms, thoughtfully converted from the original living and dining rooms, along with a spacious kitchen, laundry room, service room, and full bathroom. Upstairs, the former primary suite has been converted into a private studio apartment with its own kitchenette, full bathroom, and separate exterior entrance. Two additional spacious bedrooms and a second full bathroom provide even more flexibility for occupants, extended family, or rental use. The property also features an enclosed porch that has been converted into a permitted upstairs laundry and flex space, with the potential to create an additional studio. Adding further income-producing potential, the rear duplex at 620 and 620 ½ consists of two separate one-bedroom units, each offering a full living area, kitchen, dining space, and bathroom. Ample on-site parking is currently being used for storage but can readily be reclaimed for tenant parking. With its flexible configuration and multiple living spaces, this property presents a unique opportunity for investors seeking rental income or buyers looking for a versatile multi-generational residence. A rare Los Angeles property offering multiple occupancy options, substantial flexibility, and significant potential.

620 E 28th Street, Los Angeles
1335 E 21st Street, Los Angeles
$925,000
8 Beds ⋅ 4 Baths ⋅ 26990899 MLS ⋅ Active Status
This 4-unit property presents a compelling turnkey investment opportunity with room to grow, featuring a two-story, approximately 3,188 SF building on nearly 6,047 SF of LA[Q]R4-1 zoned land. All 4 units are appx 800 SF 2Br+1Ba units with 8 total parking spaces. The property benefits from stable tenants, many capital improvements, and one fully remodeled unit. Offered at 13.7 GRM and a 5.1% CAP Rate, this is a solid building with strong tenants and good bones. An ideal investment for under $1,000,000 in an area with extremely low historic vacancy, near DTLA, and with significant upside. 70% upside in rents! Additionally, the Seller has multiple feasibility studies and proposals to build up to 2 ADU's in the rear (Buyer to verify). The Seller also has a SB721 Balcony inspection report shows no needed repairs. Conveniently located near Central Avenue, the 10 Freeway, USC, Exposition Park, Downtown Los Angeles, the Fashion District, and LA LIVE, the property offers a combination of current income, value-add potential, and future development upside.

1335 E 21st Street, Los Angeles
933 E 28th Street, Los Angeles
$850,000
13 Beds ⋅ 7 Baths ⋅ 26856169 MLS ⋅ Active Status
Offered is a value-add South Central property consisting of a vacant 1,500+ SF house and quadruplex with 1 vacant unit. The house is in need of a full gut renovation and reconfiguration, ideal for a Jr. ADU conversion. The vacant unit in the 4plex is also in need of remodeling. Once rented, the owner will have 2 (or 3!) units at market rent, with significant upside in rent for the legacy tenants. Located on a corner lot with 2 curb cuts, there are 11 open parking spaces currently leased by the tenants on separate parking leases. The property will be sold with a recently passed SCEP Inspection. At under $200/SF and operating with all 2-4 bedroom units, this is an incredible deal at an affordable price point with huge upside. Located directly across from the YMCA and a church, and minutes from USC and the vibrant Exposition Park district, home to famous venues including BMO Stadium and Los Angeles Memorial Coliseum. Residents and tenants also benefit from immediate access to major cultural institutions such as the Natural History Museum and the California Science Center. This is a compelling value-add opportunity in a high-demand rental submarket, with multiple pathways for income growth through renovation, repositioning, and future development. Marketing package available with more info. Potential to be sold with other multifamily properties from same owner.

933 E 28th Street, 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.

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