Downtown L.A. (C42) Homes with Mixed Use Subtype

Downtown L.A. (C42) Homes with Mixed Use Subtype

Welcome to Downtown Los Angeles (C42), where urban sophistication meets vibrant culture! Nestled in the heart of Los Angeles County, this dynamic neighborhood is a melting pot of creativity, commerce, and community. With a rich history dating back to the late 19th century, Downtown L.A. has evolved into a bustling hub that perfectly captures the essence of Southern California living.

One of the standout features of this region is its diverse real estate landscape, particularly the homes with a mixed-use subtype. These properties are designed for those who desire the convenience of living and working in the same space, making them a perfect choice for entrepreneurs, artists, and professionals alike. Imagine stepping out of your chic loft and into a vibrant café or boutique right downstairs—this is the lifestyle that Downtown L.A. offers.

The mixed-use homes in this area are thoughtfully designed, blending modern amenities with historical charm. You’ll find everything from stylish condos with rooftop terraces to converted warehouses that showcase original architectural details. Each property offers a unique opportunity to immerse yourself in the lively atmosphere of Downtown, where art galleries, theaters, and world-renowned restaurants are just a stone's throw away.

In addition to its residential appeal, Downtown L.A. boasts excellent public transportation options, making it easy to explore the greater Los Angeles area. With a thriving arts scene, trendy nightlife, and a plethora of dining options, this neighborhood is not just a place to live; it’s a lifestyle. Embrace the energy of Downtown L.A. and discover your perfect mixed-use home today!

Newest Downtown L.A. (C42) Homes with Mixed Use Subtype

$2,100,000
CV26193897 MLS ⋅ Active Status
Discover an incredible opportunity with this delightful 8-unit complex, showcasing stunning Mid-Century modern architecture in a highly sought-after area. Ideally situated within walking distance to USC and the Lucas Museum, this property is just a stone's throw from the Expo Center and the Los Angeles Memorial Coliseum. Its prime location makes it exceptionally well-suited for student housing, while the potential for increased rental income is undeniable. The thoughtfully designed unit mix features (7) 2-bedroom, 1-bathroom units and (1) 1-bedroom, 1-bathroom unit, catering to a diverse tenant base. Key updates include copper plumbing, a new electric motor on the security gate, and modern vinyl windows that enhance both security and energy efficiency. The seismic retrofit work has been completed, ensuring peace of mind for future occupants. Currently, the property offers parking for 8 vehicles, with the potential to expand this capacity or add an ADU. Its desirable LAR3 zoning and TOC Tier 4 designation present exciting development possibilities, allowing for the conceptual addition of up to 18 units "By Right" (subject to city verification). Don’t miss out on this remarkable investment opportunity in one of Los Angeles's most sought-after neighborhoods! Call now to explore the potential of this property and secure your future.

3823 Wisconsin, Los Angeles
$1,150,000
SB26166589 MLS ⋅ Active Status
Welcome to a rare mixed use investment opportunity that blends immediate income with exciting future potential. Spanning approximately 4,412 square feet, this versatile property features a highly visible storefront retail space paired with residential units, creating multiple streams of value for investors and owner users alike. The commercial space is currently occupied by a tenant with approximately one year remaining on the existing lease, providing dependable near term income while allowing flexibility for future planning. A major capital improvement has already been completed, with the roof fully replaced approximately four years ago, helping reduce future maintenance concerns. Behind the property, gated parking accommodates approximately seven to eight vehicles, offering a valuable convenience for both tenants and customers. The residential component presents an attractive opportunity to enhance returns, with the two bedroom unit offering rental upside of approximately $2,600 per month, while a possible three bedroom vacancy creates additional repositioning and income growth potential. Whether you're looking to expand your investment portfolio or secure a property with both stability and room to increase value, this is an opportunity filled with possibilities.

2922 -2924 Maple Avenue, Los Angeles
$1,200,000
CV26180194 MLS ⋅ Active Status
Address is 2134 Magnolia Ct and 1309-1315 W 22nst st. Five-unit income property featuring a detached 2-bedroom, 1-bath single-family residence fronting Magnolia Ct, plus a fourplex accessible from 22nd Street. Each of the four units offers 1 bedroom and 1 bathroom, with two vacant units -an excellent opportunity for an owner-user, investor, or buyer seeking immediate rental upside. Located just blocks from USC and within the USC patrol area, this property offers a desirable central location with convenient access to campus, transportation, dining, and local amenities. A strong addition to any investment portfolio with potential to maximize income and long-term value.

2134 Magnolia, Los Angeles
$1,550,000
CV26175614 MLS ⋅ Active Status
Multi-family property comprised of 11 units ideally located in in the heart of Los Angeles’ thriving Westlake neighborhood, just minutes from Downtown LA. Situated on a prominent corner at Linwood Avenue and Witmer Street. This property benefits from strong visibility and dual street frontage. As rental rates in surrounding areas continue to climb, Westlake has emerged as a natural overflow market, attracting tenants seeking proximity to employment centers, transit, and lifestyle amenities at more attainable price points. This market trend supports consistent occupancy, minimal vacancy downtime, and the ability to capture rent increases upon tenant turnover, resulting in reliable collections and income stability. The property features a two-building configuration totaling 11 units, offering both stable in-place income and operational flexibility. The main structure is a two-story, 3,520 square foot apartment building comprised of 10 units: 8 studios and 2 one-bedroom/one-bath units (addressed as 1317 Linwood Ave). Complementing the apartment building is a separate 1,342 square foot single-family residence (addressed as 741 Witmer St), configured for two tenants and featuring 5 bedrooms and 2.5 bathrooms, creating an additional income stream and unique value-add potential. Ideally situated, the property offers close proximity to major employment centers, public transportation, shopping, dining, entertainment venues, parks, and cultural institutions. The surrounding area continues to attract young professionals, students, and creatives, driving consistent rental demand and long-term growth. With an in-place cap rate of 6.36%, the asset delivers day-one cash flow, while presenting a clear path to increased returns through rental repositioning, light renovations, and optimized management. The property has been well-maintained over the years. The property’s layout and location also make it well-suited for both traditional and alternative rental strategies, including co-living or furnished rentals.

1317 Linwood, Los Angeles
$4,000,000
SR26162857 MLS ⋅ Active Status ⋅ Alvarado Apartments BLDG.
Alvarado Apartments - a 35-unit mixed-use value-add in the heart of Westlake / MacArthur Park, comprising 24 residential units (23 studios + 1 one-bedroom) and 11 ground-floor commercial spaces including two restaurants and retail. Fully repiped and rewired in 2018 with fire sprinklers throughout. Offered at a 7.13% in-place cap rate rising to a 8.21% pro forma. Designated Residential Hotel on C2-2 zoning with a Transit Oriented Communities and State Density Bonus path to substantial added density. On-site parking, ground-floor retail income, and steps to the Metro B/D lines. Meaningful upside through studio mark-to-market, parking lease-up and Section 8 / HACLA-supported income. Buyer to verify all figures, unit legality, square footage and development potential.

725 S Alvarado Street, Los Angeles
$12,999,000
SR26162855 MLS ⋅ Active Status ⋅ Royal Viking Apartments BLDG.
The iconic Royal Viking — a 62-unit Westlake mixed-use value-add: 59 efficiency studios plus 3 ground-floor commercial spaces, fully gut-renovated in 2024 with 21 newly built units and all residential units registered and legal with LAHD. Offered at a 6.68% in-place cap rising to a 7.27% pro forma on all-charges income (rents, parking, laundry and utility reimbursement). Rare rent flexibility: 7 non-rent-controlled units plus an active legacy hotel license for short-term / hospitality optionality. Amenities include 47 on-site parking spaces, a pool and a resort-style roof deck. Sited on a large +/-39,907 SF (0.92-acre) R4-1/C2-1 transit-adjacent parcel — significant long-term density, ADU and redevelopment upside beyond the 19,995 SF of improvements. Additional upside through commercial lease-up, studio mark-to-market and full parking utilization. Steps to the Metro B/D lines. A rare combination of in-place cash flow, operational flexibility and development optionality in supply-constrained Westlake.

2025 W 3rd Street, Los Angeles
$3,900,000
SB26135648 MLS ⋅ Active Status
694 S Burlington Ave is a 32-unit mixed use building located in the Pico Union neighborhood. This massive 30,319 sqft building is offered at only $122k/unit and $129/sqft. The property is currently operating at a 7.72% CAP and 7.25 GRM. There is still over 56%+ upside available once the property is stabilized. The property is individually metered for gas and electric. The property is comprised of 26 apartment units and 6 commercial spaces, consisting of (13) 1Bed+1Bath units, (13) Studio+1Bath units, and multiple ground-floor retail/commercial tenants. Current scheduled income is approximately $533,762 annually, with market scheduled income projected at approximately $839,606 annually once stabilized. At market rents, the property projects to a 15.22% CAP and 4.65 GRM, offering an investor a clear path to substantial future income growth. 694 S Burlington Ave is individually metered for gas and electric, helping reduce utility exposure and improve operating efficiency. Currently, two studio units are being delivered vacant, allowing a buyer to immediately renovate, lease at market rents, and capture upside right away. The building also benefits from diversified income through both residential and retail tenancy, reducing reliance on one income source.

694 S Burlington Avenue, Los Angeles
$1,825,000
PW26132375 MLS ⋅ Active Under Contract Status
1023 E. 28th Street is a seven-unit asset consisting of three buildings with (1) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA units. This asset presents a strong opportunity to acquire a high-yield, partially repositioned property with substantial remaining rental upside in one of the most rapidly evolving pockets of South Los Angeles. The property combines newly constructed, non-rent- controlled units with an existing value-add component, creating a compelling blend of stable in-place cash flow, operational efficiency, and future NOI growth potential. The front portion of the property includes two newly constructed buildings completed in 2026 and exempt from California rent control, offering investors long-term operational flexibility and unrestricted future rent growth potential. These buildings include a stand-alone 3BD/1BA unit with private front yard space and two 2BD/1BA units. The newly constructed buildings were intentionally designed for long-term operational efficiency and reduced maintenance costs, featuring solar panels servicing both buildings, separately metered utilities, individual water heaters, all-electric systems, and MiniSplit HVAC systems in every unit. The rear four-unit building, originally constructed in 1962, consists of (2) 2BD/1BA units and (2) 1BD/1BA units and offers the primary value-add opportunity at the property. Ownership has already demonstrated the achievable rental upside by fully renovating one of the 1BD/1BA units with updated finishes, MiniSplit HVAC, and in-unit washer/dryer, allowing the unit to achieve near-market rents. The remaining classic units provide a clear path for a new owner to continue the renovation program and substantially increase income. Additional upside opportunities include implementing parking income for the four existing parking spaces, which are currently included in rent, as well as converting an existing storage room into an onsite laundry facility to create supplemental ancillary income. Recent capital improvements to the 1962 building include a new roof and upgraded main and sub electrical panels, helping reduce near- term capital expenditure requirements. Offered at a 7.29% current cap rate on existing income, the property has the potential to achieve a projected 9.51% market cap rate through the completion of the proven renovation program and implementation of additional income streams.

1023 E 28th, Los Angeles
$1,025,000
SB26085337 MLS ⋅ Active Status
247 W Florence Avenue presents an opportunity to acquire a mixed-use investment property in South Los Angeles. The asset consists of eight total units, including (5) one-bedroom/one-bath residential units and (3) ground-floor commercial spaces, offering a diverse income stream. Priced at $128,125 per unit and $159 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.21% cap rate and 8.56 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The property is located along the active Florence Avenue corridor in South Los Angeles, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation routes including Interstate 110 and Interstate 105, connecting tenants to employment centers and amenities throughout the city.

247 W Florence, Los Angeles
$4,500,000
6 Beds ⋅ 4 Baths ⋅ WS26009741 MLS ⋅ Active Status
9,285 SF Two-Story Artist In Residence Building. 2 Fenced Parking Lots (33+ spaces). Corner Location with 3 Entry Gates. Permitted as multi-unit artist live/work. Commercial, Residential, and Industrial Uses Allowed. Many Prior Film Shoots. Adjacent to Several Recent Large Residential Developments. Property Description: Hard to find multi-unit Artist-In-Residence permitted building with classic red brick construction. Lovely natural lighting via skylights and numerous windows, abundant fenced parking on two sides with 3 gated entrances, hardwood floors, and multiple restrooms with showers. The kitchen and bar include a refrigerator, oven, stovetop, microwave and dishwasher. The 2nd floor is a large open space with natural lighting. Approximately half the size of the first floor, the basement living space has a kitchen and restroom with two stairwells. A detailed property brochure is available upon request that includes: floor plans, photos, zoning info, and sale comps. Unit count depends on what unit sizes new buyer wants to offer. Originally built as a church.

606 E 6th Street, Los Angeles
$1,000,001
RS25183980 MLS ⋅ Active Under Contract Status
The subject property is comprised of 12,592 square feet of land and includes a 2,310-square-foot building. It is being sold together with APN 6008-031-002. For more information, please see MLS #RS25183928. Together with its adjoining parcel, this site also totals 16,421 square feet, offering ample space for mixed-use development. Positioned next to a shopping center and near transportation and schools, this property provides an excellent opportunity for a variety of uses. Post Office address for property is 6211 Compton Avenue, Los Angeles, CA 90001

6205 Compton Avenue, Los Angeles
$5,800,000
AR24169232 MLS ⋅ Active Status
Located in the heart of downtown Los Angeles, just moments away from the prestigious University of Southern California (USC), lies a rare gem of real estate: two parcels totaling 13,390 square feet, awaiting a visionary investor or developer. Located at 2819 S Flower Street, this expansive property offers an exceptional canvas for realizing your dreams of urban development. Unbeatable Location: Situated in one of the most dynamic and sought-after neighborhoods in Los Angeles, this land enjoys unparalleled proximity to USC, making it an ideal investment for student housing, mixed-use development, or commercial ventures catering to the vibrant university community. Fully Entitled Development: This rare offering comes with the invaluable advantage of full entitlements for a 47-guest room hotel, streamlining the development process and expediting your journey from vision to reality. With all necessary approvals in place, you can begin construction without delay, saving both time and resources. Generous Size: With a total area of 13,390 square feet spread across two parcels, this property presents ample space for creative construction and versatile design concepts. Whether you envision a multi-story residential complex, retail establishments, or a combination of both, the possibilities are endless. Thriving Urban Environment: Surrounded by a diverse array of cultural attractions, dining options, entertainment venues, and convenient amenities, this location offers an unparalleled urban lifestyle experience. Residents and visitors alike will appreciate the convenience of living in close proximity to downtown LA's bustling scene. Investment Potential: As downtown Los Angeles continues to undergo rapid revitalization and gentrification, savvy investors have recognized the immense potential for growth and profitability in this area. Secure your stake in the future of one of the nation's most dynamic real estate markets. Accessibility: Enjoy easy access to major transportation arteries, including highways, public transit routes, and bike lanes, facilitating seamless connectivity to all corners of the city and beyond. Whether you're looking to capitalize on the thriving student population, capitalize on the burgeoning urban renaissance, or simply secure a strategic investment for the future, 2819 S Flower Street beckons with limitless potential.

2819 S Flower 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.