90007 Homes under $2 million

Welcome to the vibrant community of 90007, nestled in the heart of Los Angeles, California. This dynamic zip code is known for its rich cultural tapestry, diverse neighborhoods, and convenient access to some of the city's most iconic landmarks. Whether you're a first-time homebuyer or looking to invest in a thriving area, 90007 offers an array of homes under $2 million that cater to various lifestyles and preferences.

The real estate landscape in 90007 is as diverse as its residents. You can find charming single-family homes, modern condos, and spacious townhouses, all within a budget-friendly range. This area is particularly appealing for those who seek a blend of urban living and suburban comfort. With its proximity to downtown Los Angeles, residents enjoy easy access to a plethora of dining, shopping, and entertainment options, making it a prime location for both work and play.

Families will appreciate the nearby parks, schools, and community centers that foster a sense of belonging and encourage an active lifestyle. The rich history of 90007 is reflected in its architecture, with many homes showcasing unique designs that tell a story of the past while offering modern conveniences.

Living in 90007 means being part of a community that thrives on diversity and creativity. Whether you're strolling through the local farmers' market, enjoying a quiet evening at home, or exploring the vibrant arts scene, this area has something for everyone. Discover your dream home in 90007, where affordability meets opportunity in one of Los Angeles's most exciting neighborhoods!

Newest 90007 Homes under $2 million

$1,485,000

TR26223865 MLS ⋅ Active Status

Discover this beautifully remodeled two-unit property in a prime Los Angeles location near USC! Each unit features 3 bedrooms and 1.5 bathrooms, offering spacious living and excellent potential for rental income. Both units have been thoughtfully updated with new kitchens and appliances, new flooring, fresh interior paint, new interior doors, and their own HVAC systems for year-round comfort. Laundry hookups are also available in each unit for added convenience. One unit offers even more versatility with an additional versatile front room and a third-floor loft, providing extra space for studying, working, or relaxing. Conveniently located near the University of Southern California, this property is ideally situated for access to the university, plenty of parking making of at least 6 vehicles making it an attractive opportunity for investors interested in the student rental market or buyers seeking a multi-unit property. With extensive recent improvements, modern amenities, and a desirable location, this duplex offers a fantastic opportunity to own a renovated income-producing property in Los Angeles.

2924 S Normandie, Los Angeles

$1,100,000

2 Beds ⋅ 2 Baths ⋅ 26101637 MLS ⋅ Active Status

Featured in Dwell, The A.C. Tobias Residence: A designated Los Angeles Historic-Cultural Monument and a remarkable expression of early Arts & Crafts design. Designed in 1908 by the architectural partnership of George J. Webster and Neal Dow Barker as the personal residence of developer Archibald Clark Tobias, the home was built during Los Angeles' transformation from a landscape of orange groves and farmland into a growing metropolis. Today, it stands as an enduring example of the craftsmanship, materials, and thoughtful design that defined the era.Beyond the deep front porch, richly stained woodwork, leaded glass windows, box-beam ceilings, built-in cabinetry, and period lighting create a sequence of spaces defined by warmth, scale, and craftsmanship. Thick square columns frame the formal living and dining rooms, while a handsome brick fireplace flanked by built-in bookcases anchors the heart of the home. Throughout, original millwork and thoughtfully composed sightlines speak to the home's architectural pedigree. Over the years, the current owners have undertaken a stewardship-minded restoration that honors the home's historic character while enhancing daily living. The kitchen was thoughtfully reimagined with custom millwork cabinetry, African mahogany counters, a copper sink, unlacquered brass fixtures, vintage lighting, and a restored vintage refrigerator. Nearby, the laundry room was rebuilt with custom cabinetry, period-appropriate hardware, and the restoration of the home's original 1908 utility sink.The home's bathrooms offer a compelling dialogue between preservation and thoughtful evolution. A charming guest bath retains its vintage character with restored wood detailing and classic proportions, while the architect-designed primary suite introduces a beautifully executed en-suite bath whose materials and craftsmanship pay homage to the home's Arts & Crafts roots.Outside, drought-tolerant gardens, herringbone brick pathways, a rebuilt rear deck, and extensive infrastructure improvements reflect the same level of care found indoors. A detached studio provides flexible space for creative pursuits, a home office, fitness studio, or workshop.Ideally positioned near Exposition Park, USC Village, Mercado La Paloma and Michelin-starred Holbox, the residence enjoys convenient access to DTLA, Culver City, West Adams, and some of Los Angeles' most exciting cultural and culinary destinations. Trader Joe's, Whole Foods, neighborhood cafes, parks, museums like the Lucas Museum of Narrative Art, which is opening later this year and everyday conveniences are all within easy reach. Along with local favorites including Picala, Johnny's Pastrami, Highly Likely, Vicky's All Day, Cento, Cento Raw Bar, Alta, Damn I Miss Paris, Fleur et Sel, and Chulita. Outdoor enthusiasts will appreciate nearby Kenneth Hahn State Recreation Area, offering scenic hiking trails and panoramic views. Together, these amenities create a lifestyle that pairs historic architecture with the best of contemporary Los Angeles living.

2915 S Budlong Avenue, Los Angeles

2710 South Normandie Avenue, Los Angeles

$1,200,000

DW26215011 MLS ⋅ Active Status

Prime Investment Opportunity in Adams-Normandie | Near USC Located in the highly desirable Adams-Normandie neighborhood of Los Angeles, 2710 S. Normandie Avenue presents an excellent opportunity for investors and owner-occupants seeking a property in a prime location near USC. This multi-unit property features two separate buildings, offering a versatile layout with strong rental potential. The property consists of three units, including a spacious 4-bedroom, 2-bathroom front unit, a remodeled 1-bedroom, 1-bathroom upstairs unit, and a detached 1-bedroom, 1-bathroom rear unit. With additional potential for future development or expansion, subject to verification of zoning, permits, and applicable city approvals, this property offers an exciting opportunity to maximize its investment potential. Built in 1924, the property features approximately 2,928 square feet of building space on a generous 6,012-square-foot lot, zoned LA-R1.5. Enjoy convenient access to the University of Southern California, West Adams, Exposition Park, Downtown Los Angeles, Crypto.com Arena, L.A. LIVE, Metro E Line, major freeways, restaurants, shopping, and entertainment. A fantastic opportunity to own a property in a sought-after rental market with long-term investment potential.

2710 South Normandie Avenue, Los Angeles

$1,295,000

P1-29171 MLS ⋅ Active Status

3000 Kenwood Avenue, Los Angeles

$1,425,000

11 Beds ⋅ 6 Baths ⋅ 26997821 MLS ⋅ Active Status

Welcome to 1375 W. 37th Drive, a high-performing student housing investment near the University of Southern California (USC), combining strong in-place income, a proven rental history, and additional upside. The property features 11 bedrooms and 6 bathrooms across two residences, along with 4 on-site parking spaces. The front residence is a renovated 4-bedroom, 2-bathroom home, while the rear 7-bedroom, 4-bathroom residence was built in 2018. Together, the two residences have been successfully operated as rent-by-the-room student housing, currently generating $12,255 per month and $147,060 annually, resulting in a 6.82% current cap rate. One of the property's strongest attributes is its rental track record, with total rental income increasing each of the past four years. The rent-by-the-room configuration has created a proven income stream while still offering additional upside through future rental growth and optimization of the existing bedroom configuration. Additionally, the property is located within the USC DPS Patrol Zone, providing an added benefit for student renters seeking housing near campus. With newer rear construction, a renovated front residence, four parking spaces, and an established history as a student rental, 1375 W. 37th Drive offers a compelling combination of current yield and future upside in the USC rental market, with convenient access to USC, USC Village, Exposition Park, and the Metro E Line.

1375 W 37th Drive, Los Angeles

$889,888

2 Beds ⋅ 1 Baths ⋅ DW26216972 MLS ⋅ Active Status

Welcome Home! Discover this charming and cozy property in the heart of Downtown Los Angeles, ideally located just a block and a half from the Santa Monica Freeway and San Pedro freeway. Its convenient location puts you close to some of Los Angeles’ most prominent landmarks, including Exposition Park, the Rose Garden, Los Angeles Memorial Coliseum, California Science Center, Natural History Museum, The Staple center, California African American Museum, and the USC campus. The main home features 2 bedrooms and 2 bathrooms, along with three additional bedrooms that may not be permitted. The property has been recently painted and features several cosmetic upgrades, making it a great opportunity for an owner-occupant, extended family, or investor. The property also includes a studio that may not be permitted, which is currently rented and provides additional potential rental income. Another great feature is the fully paid-off solar panel system, which will remain with the property—a valuable benefit for the next owner. The spacious backyard offers plenty of potential and may be ideal for building an ADU, subject to the appropriate permits, plans, and city approval. This creates an exciting opportunity to add value and potentially increase future rental income. Whether you're looking to expand your real estate portfolio, live in the property while generating rental income, or accommodate an extended family, this property offers plenty of possibilities. Don't miss this opportunity! Schedule your private showing today and come see the potential for yourself.

1460 W 23rd Street, Los Angeles

$1,250,000

14 Beds ⋅ 8 Baths ⋅ 26996775 MLS ⋅ Active Status

2717 S. Budlong Ave is an 8-unit property in University Park, offered at $1,250,000 with approx. 74% rental upside. Built in 1931, the property totals approx. 7,318 SF on a 7,775 SF lot and includes (6) 2-bdrm./1-bath units and (2) 1-bdrm./1-bath units. At $156,250 per unit and $171 per SF, the property is positioned at a relatively accessible basis for an 8-unit building this close to USC and Exposition Park. The 2-story building has the character of a vintage Spanish-style property, with mature landscaping, distinctive architectural details, and 8 on-site parking spaces at the rear. Six of the eight units are 2-bdrm. apartments, giving the property larger floor plans that can work well for roommates, students, or young families. Current monthly income totals approx. $9,569, compared with projected market income of approx. $16,610 per month. That difference represents approx. 74% rental upside, with projected market performance of a 10.87% CAP and 6.27 GRM. Located directly across from Elinor and Don Richardson Family Park, 2717 S. Budlong sits in a residential pocket of University Park approx. 1.1 miles from USC, USC Village, and Exposition Park. That places the property within a compact radius of campus employment, dining, retail, museums, sports, and cultural destinations including the Natural History Museum, California Science Center, LA Memorial Coliseum, BMO Stadium, and the Lucas Museum of Narrative Art. With USC, USC Village, and Exposition Park just over a mile away, 2717 S. Budlong sits close to a concentration of education, employment, culture, and activity that gives the property a meaningful connection to the surrounding area. The larger 2-bdrm. floor plans and substantial rental upside add to a property that feels both residential in character and well positioned for long-term income growth.

2717 S Budlong Avenue, Los Angeles

$969,000

5 Beds ⋅ 4 Baths ⋅ 26995147 MLS ⋅ Active Status

*Passive investment or partial owner occupied rental property opportunity* Two 1 bedroom, 1 bathroom units downstairs with a 3 bedroom, 2 bathroom unit upstairs. Located blocks away from the 110 freeway for easy access to Downtown LA.

1956 Magnolia Avenue, Los Angeles

$1,275,000

10 Beds ⋅ 7 Baths ⋅ 26994683 MLS ⋅ Active Status

Welcome to 1420-1422 W. 22nd Street, a turnkey student housing investment located within the USC DPS Patrol Zone, just minutes from the University of Southern California (USC). The property consists of a substantially renovated front residence and a newly constructed rear ADU, offering a total of 10 bedrooms, 7 bathrooms, and a strong 8.31% cap rate. Six on-site parking spaces, a rare offering in the area, provide a significant leasing advantage and added appeal for student renters. The front residence at 1420 W. 22nd Street has undergone extensive permitted improvements, including updated plumbing, electrical systems, and fully permitted bathroom renovations, and is configured as a 5-bedroom, 4-bathroom residence. Complementing the property is the newly constructed rear residence at 1422 W. 22nd Street, completed in 2024 and thoughtfully designed as a 5-bedroom, 3-bathroom ADU featuring modern construction, high-quality finishes, and minimal future capital expenditure. The entire exterior was also upgraded in 2024 with new hardscape and paving, creating an attractive, low-maintenance environment that enhances both curb appeal and tenant appeal. The property's efficient layout, modern improvements, and proximity to USC make it well suited for rent-by-the-room student housing, offering immediate cash flow in one of Los Angeles' strongest rental markets. Conveniently located near USC, USC Village, Exposition Park, and the Metro E Line, the property benefits from exceptional student housing demand driven by its walkable location and close proximity to campus. Buyer to verify all permits, square footage, and property information to their own satisfaction.

1420 W 22nd Street, Los Angeles

$849,000

SB26212022 MLS ⋅ Active Status

DELIVERED WITH ONE UNIT VACANT AT CLOSE OF ESCROW. This 4-unit value-add asset is located within walking distance to USC and just minutes from the 10 Freeway, offering investors a strong rental location with long-term upside. The property is currently operating at a 5.67% cap rate and 12.12 GRM, with approximately 52% upside in rents. With one unit delivered vacant, a new owner has the opportunity to immediately renovate, lease at market, and begin capturing upside from day one. With a motivated seller, strong location fundamentals, and clear rental upside, this building is ready for a new owner to step in and take advantage of the long-term value-add opportunity.

1545 W 22nd, Los Angeles

$1,695,000

PW26208614 MLS ⋅ Active Status

Excellent USC-area income opportunity featuring an updated front residence plus a newer permitted rear ADU on an approximately 6,250 sq. ft. lot. The front residence offers approximately 1,827 sq. ft. with a current 6-bedroom / 4-bath configuration, while the rear ADU offers 3 bedrooms / 4 bathrooms. The property provides strong bedroom and bathroom utility, substantial off-street parking, and a flexible setup for investment or owner-user strategies. Conveniently located near USC and within the broader USC rental market. Buyer to verify all square footage, bedroom/bathroom counts, permits, use, unit configuration, and other property information to their satisfaction.

1302 W 35th, Los Angeles

$1,350,000

7 Beds ⋅ 5 Baths ⋅ 26990815 MLS ⋅ 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 Place, 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.