Downtown Los Angeles: The Historic Core Area

February 24, 2011

The near geographic center of Los Angeles is the downtown area. Within this defined area are several unique and distinctive neighborhoods including the Arts, Fashion, Financial, Flower, Furniture and Decorative Arts, Jewelry, Old Bank, Toy and Wholesale Districts. The veritable center of the center is called the Historic Core. In 1999, the Adaptive Re-Use Ordinance began allowing for the conversion of unused office buildings to residential apartments and lofts. Several century-old structures have been converted to lofts in the Old Bank District. The Higgins, Security Bank and Pacific Electric Buildings have also been renovated to include residential developments. Los Angeles real estate downtown redevelopment projects are divided about evenly between condominium and apartment rentals. Your Los Angeles real estate professional can provide up to date listings in these affordably priced condo projects in the downtown area. The price points shown are for 1 bedroom, 1 bath units.

Shybary Grand Lofts – 312 West 5th Street Lofts –low-mid $100Ks
Little Tokyo Lofts – 420 South San Pedro –high $100Ks
Rowan Lofts – 460 South Spring Street –mid $300Ks
The Barker Block – 510 South Hewitt –high $300Ks
The Molino Street Lofts – 500-530 Molino Street – high $400Ks

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