Downtown Los Angeles, or DTLA, remains the vibrant cultural and financial heart of one of America’s largest cities. It’s densely packed with event venues, retail spaces and office buildings, but the area also has some lofts and luxury condos. Residents can enjoy nightlife, career opportunities and professional sports — all without the hassle of heavy traffic.
While a quiet, suburban setting may be a dream for some people, Downtown LA is an ideal choice for others. “It’s not for everyone — you have to like big city living,” says David Shin, Realtor with Dream Realty and resident of LA since 1995. “It’s a condensed environment with a lot of great places to eat and hang out, like rooftop bars where you can look out over the skyline.”
For young professionals, living downtown puts you close to a wide range of opportunities, from tech and financial jobs to careers in health care. The Crypto.com Arena also draws sports fans to the community. Shin says that some of his clients buy second homes in the area so they can use their Los Angeles Lakers season tickets and spend the weekend exploring downtown.
Housing options are a mix of apartments, condos and lofts. Units tend to sell between the low $300,000s to around $1.8 million, and owners often pay HOA fees that run from around $750 to $1,300 per month. Amenities typically include assigned parking spaces, security coverage and community pools or fitness facilities. Luxury complexes usually feature 24-hour concierge service as well.
Downtown is made up of several smaller neighborhoods, or districts, which include:
A steady stream of visitors from around the globe keeps Downtown LA active. “The city got dark for a while during the pandemic, but now it’s full of life and vitality again,” Shin says. During the day, people tour the art museums or browse the Fashion District and Toy District for unique finds, and there are a variety of acclaimed restaurants to try.
Evenings are a time to enjoy plays, concerts and pro sports games. In the Historic Core, the energy continues into the night at clubs like Exchange LA and The Reserve. Weekends bring cultural festivals, exhibitions and art fairs to area parks and the many indoor venues.
Unlike many Angelenos who spend their mornings stuck in traffic, residents of Downtown LA tend to have a much simpler commute. Some people walk to work, while others use the Metro’s buses, bikes and rail service. Parking is scarce, so if you own a car, it may be easiest to leave it at home and opt for public transportation instead. For travel outside the community, Interstate 10 runs directly south, and interstates 5, 110 and 710 are all within a few miles.
Marcus Schaible
Emerald Realty
(707) 633-0942
233 Total Sales
1 in Downtown LA
$335,000 Price
Gayane Yaffa
Christie's International Real Estate SoCal
(213) 933-9827
52 Total Sales
1 in Downtown LA
$1,500,000 Price
Victoria Waldorf
Equity Union
(747) 293-4720
88 Total Sales
2 in Downtown LA
$425,000 Price Range
Judy Schlegel
Re/Max Tri-City Realty
(818) 412-9626
23 Total Sales
1 in Downtown LA
$461,518 Price
Drew D'Angelo
Kase Real Estate
(949) 867-6319
73 Total Sales
2 in Downtown LA
$727K - $935K Price Range
Alena Lehrer
Compass
(888) 316-9634
11 Total Sales
1 in Downtown LA
$735,000 Price
Airport
Los Angeles International
26 min drive
Train
Union Station
Subway
Little Tokyo-Arts District
Subway
Union Station
Subway
Pershing Square Station
Subway
Civic Center/Grand Park
Subway
7Th Street/Metro Center Station
Subway
Grand Station
| 1 - Low Crime, 10 - High Crime | Downtown LA | US |
|---|---|---|
| Homicide | 8 | 4 |
| Sexual Assault | 10 | 4 |
| Assault with Weapon | 9 | 4 |
| Robbery | 9 | 4 |
| Burglary | 10 | 4 |
| Motor Vehicle Theft | 10 | 4 |
| Larceny | 10 | 4 |
| Crime Score | 9 | 4 |
Source: WhatIsMyCrimeRisk.com
On average, homes in Downtown LA, Los Angeles sell after 87 days on the market compared to the national average of 56 days. The median sale price for homes in Downtown LA, Los Angeles over the last 12 months is $597,000, down 4% from the median home sale price over the previous 12 months.
|
Median List Price
$642,000
|
Median Sale Price
$597,000
|
|
Median Single Family Sale Price
$545,000
|
Median 2 Bedroom Sale Price
$738,000
|
|
Median Change From 1st List Price
5%
|
Last 12 months Home Sales
212
|
|
Median Home Sale Price YoY Change
-4%
|
Average Price Per Sq Ft
$656
|
|
Number of Homes
5,380
|
Number of Homes for Sale
315
|
|
Median Year Built
1982
|
Months of Supply
17.80
|
|
Average Single Family Home Size Sq Ft
1,550
Below the national average
1,933
|
Average Townhouse Size Sq Ft
2,201
|
|
Average 2 Bedroom Size Sq Ft
1,375
|
Average 1 Bedroom Size Sq Ft
902
|
|
Average Studio Size Sq Ft
817
|
Median Lot Size Sq Ft
10,236
|
$2,549 - $22,507 per month
$2,069 - $3,062 per month
$2,615 - $23,345 per month
$1,726 - $6,124 per month
$1,890 - $5,042 per month
$2,773 - $4,867 per month
|
Number of Homes for Rent
187
|
Median Rent
$3,000
|
|
Median Single Family Home Rent
$2,900
|
Median 4 Bedroom Single Family Home Rent
$25,000
|
|
Median Townhouse Rent
$3,400
|
Median 3 Bedroom Townhouse Rent
$7,300
|
|
Median Condo Rent
$3,000
|
Median 2 Bedroom Condo Rent
$3,975
|
|
Total Population
79,055
|
Median Age
39
|
|
Population Density
22 ppl/acre
|
Population under 18
11.7%
Below the national average
23.8%
|
|
Population over 65
12.5%
Below the national average
19.1%
|
|
|
Median Household Income
$65,218
Below the national average
$79,597
|
Average Household Income
$96,672
|
|
High School Graduates
85.9%
|
College Graduates
50.5%
Above the national average
34.1%
|
|
Advanced Degrees
19.7%
Above the national average
13.3%
|
% Population in Labor Force
60.4%
|
|
Annual Precipitation
14''
|
Average Winter Low Temperature
48°F
|
|
Average Summer High Temperature
83°F
|
Annual Snowfall
0''
|
Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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