Why Live in Downtown LA
Downtown Los Angeles (DTLA) in Del Valle Finance is characterized by its urban landscape, featuring apartment-style condos and lofts. Housing options range from historic buildings to modern high-rises, often with scenic views of the city or mountains. The area is known for its cultural and entertainment attractions, including The Music Center with venues like the Ahmanson Theater and Walt Disney Concert Hall, and the Crypto.com Arena for major concerts and sports events. Art enthusiasts can visit MoCA and The Broad, while architecture fans will appreciate the art deco movie palaces along Broadway. Dining options are diverse, with Grand Central Market, Bavel, and Michelin-starred 715 offering a variety of cuisines. Nightlife includes rooftop bars like Upstairs Bar and whisky bars such as Seven Grand. Parks in DTLA include Gloria Molina Grand Park, Spring Street Park, and Pershing Square, with Elysian Park a few miles north offering extensive green space and hiking trails. Grocery shopping is convenient with options like Nijiya Market and Whole Foods. While local public schools have mixed ratings, the Ramon C. Cortines School of Visual and Performing Arts is highly regarded, and private schools like the Colburn School provide elite education alternatives. The neighborhood has a crime rate lower than the national average, contributing to its appeal for residents.
Home Trends in Downtown LA, CA
On average, homes in Downtown LA, Los Angeles sell after 77 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown LA, Los Angeles over the last 12 months is $620,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$620,000
Median Single Family Sale Price
$510,000
Median Townhouse Sale Price
$1,767,500
Median 2 Bedroom Sale Price
$785,000
Median 1 Bedroom Sale Price
$575,000
Median Studio Sale Price
$449,999
Average Price Per Sq Ft
$691
Number of Homes for Sale
358
Last 12 months Home Sales
218
Median List Price
$649,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
0%