Let’s take a look at how Downtown Los Angeles condos fared over the past year.
For the purposes of this report I have broken the price ranges down to under $500K, $500K to $1 Million, and the over $1 Million bracket. The largest movement is in the under $under 500K category.
Market absorption indicates the amount of time it will take to sell the existing inventory on the market. Six months is a balanced market; under six months a sellers’ market; over six months a buyers’ market.
Downtown Los Angeles Condos under $500,000 are a hot commodity, and definitely a strong sellers’ market, indicated by the low inventory.
91 of the past year’s sales were studios, which are extremely popular and hard to find, especially in good condition. 34 of these were short sales or foreclosures.
Out of the remaining 275 condos sold over the past year, 71 were either a foreclosure or short sales.
The median price has declined slightly over the previous 12 months, but the sold to list price has increased.
Only two sales in this category were either a short sale or foreclosure.
The media price has increased, as has the sold price to list price.
With a little over six months’ worth of inventory, the $500K to $1M Los Angeles Downtown condos price range is fairly stable, leaning slightly towards buyers.
The over $1 Million Downtown Los Angeles condo market is basically based on two buildings, the Ritz Carlton Residences at L.A. Live, and EVO, and sales in this price range are slow, with over two years’ worth of inventory.
Search Condos for Sale in Downtown Los Angeles
- MLS® #: 23-340673
- 24844 Malibu Rd
- Malibu CA
- $39,000,000
- 4 Bed | 5 Bath | 4,021 SqFt
- 0.13 Acres
- MLS® #: 24-381047
- 812 - 814 N Bedford Dr
- Beverly Hills CA
- $38,500,000
- 10 Bed | 14 Bath | 12,125 SqFt
- 0.93 Acres
- MLS® #: 24-370667
- 23736 Malibu Colony Rd
- Malibu CA
- $38,500,000
- 6 Bed | 5 Bath | 0 SqFt
- 0.41 Acres
- MLS® #: 23-340553
- 150 S Rockingham Ave
- Los Angeles CA
- $38,500,000
- 6 Bed | 7 Bath | 8,144 SqFt
- 1.41 Acres
- MLS® #: 24-355701
- 5046 Carbon Beach Ter
- Malibu CA
- $38,000,000
- 5 Bed | 9 Bath | 12,637 SqFt
- 17.16 Acres
- MLS® #: 24-358901
- 1550 Amalfi Dr
- Pacific Palisades CA
- $37,995,000
- 8 Bed | 15 Bath | 16,773 SqFt
- 1.8 Acres
- MLS® #: 24-364483
- 11870 Ellice St
- Malibu CA
- $37,900,000
- 6 Bed | 10 Bath | 20,000 SqFt
- 1 Acres
- MLS® #: 24-374265
- 2911 Antelo View Dr
- Los Angeles CA
- $36,900,000
- 9 Bed | 14 Bath | 15,360 SqFt
- 5.36 Acres
- MLS® #: SR23205476MR
- 25079 JIM BRIDGER RD
- HIDDEN HILLS CA
- $35,950,000
- 6 Bed | 10 Bath | 16,779 SqFt
- 2 Acres
- MLS® #: 24-377851
- 1305 Collingwood PL
- LOS ANGELES CA
- $35,000,000
- 6 Bed | 8 Bath | 11,800 SqFt
- 0.43 Acres
- MLS® #: 24-364749
- 32752 Pacific Coast Hwy
- Malibu CA
- $35,000,000
- 8 Bed | 7 Bath | 0 SqFt
- 2.63 Acres
- MLS® #: 23-339061
- 10690 Somma Way
- Los Angeles CA
- $35,000,000
- 7 Bed | 13 Bath | 28,000 SqFt
- 3.98 Acres
- MLS® #: SR23213915MR
- 24105 HIDDEN RIDGE RD
- HIDDEN HILLS CA
- $34,950,000
- 6 Bed | 10 Bath | 21,670 SqFt
- 2 Acres
- MLS® #: 23-289893
- 23800 Malibu Crest Dr
- Malibu CA
- $34,900,000
- 7 Bed | 10 Bath | 15,500 SqFt
- 2.51 Acres
- MLS® #: 24-343915
- 23826 Malibu Rd
- Malibu CA
- $34,900,000
- 5 Bed | 6 Bath | 4,500 SqFt
- 0.34 Acres
- MLS® #: 24-359319
- 4533 Cockerham Dr
- Los Angeles CA
- $34,800,000
- 9 Bed | 11 Bath | 20,000 SqFt
- 2.01 Acres
- MLS® #: 22-185237
- 23754 MALIBU RD
- MALIBU CA
- $34,500,000
- 4 Bed | 6 Bath | 3,857 SqFt
- 0.27 Acres
- MLS® #: 23-292039
- 9950 COTHARIN RD
- MALIBU CA
- $34,000,000
- 7 Bed | 8 Bath | 8,000 SqFt
- 20 Acres
- MLS® #: 24-373997
- 1050 Stradella Rd
- Los Angeles CA
- $33,800,000
- 7 Bed | 16 Bath | 0 SqFt
- 0.9 Acres
- MLS® #: 24-379923
- 23917 Malibu Rd
- Malibu CA
- $32,900,000
- 5 Bed | 10 Bath | 8,200 SqFt
- 1.32 Acres
- MLS® #: 24-377631
- 9344 Nightingale Dr
- Los Angeles CA
- $31,999,000
- 6 Bed | 8 Bath | 0 SqFt
- 0.58 Acres
- MLS® #: 24-379281
- 450 Trousdale Pl
- Beverly Hills CA
- $30,000,000
- 6 Bed | 7 Bath | 6,955 SqFt
- 1.02 Acres
- MLS® #: SB23213904MR
- 1000 The Strand
- MANHATTAN BEACH CA
- $30,000,000
- 10 Bed | 9 Bath | 5,967 SqFt
- 0 Acres
- MLS® #: 24-354979
- 10697 Somma Way
- Los Angeles CA
- $30,000,000
- 8 Bed | 21 Bath | 41,000 SqFt
- 1.68 Acres
- MLS® #: 24-351655
- 1116 Chantilly Rd
- Los Angeles CA
- $29,995,000
- 10 Bed | 16 Bath | 18,500 SqFt
- 0.69 Acres
- MLS® #: 24-352975
- 407 Robert Ln
- Beverly Hills CA
- $29,995,000
- 9 Bed | 12 Bath | 13,404 SqFt
- 1.09 Acres
- MLS® #: 24-364831
- 1675 Carla Rdg
- Beverly Hills CA
- $29,995,000
- 4 Bed | 5 Bath | 7,000 SqFt
- 0.58 Acres
- MLS® #: 24-370375
- 380 Trousdale Pl
- Beverly Hills CA
- $29,995,000
- 8 Bed | 13 Bath | 8,922 SqFt
- 0.99 Acres
- MLS® #: 22-213107
- 1100 Bel Air Rd
- Los Angeles CA
- $29,995,000
- Bed | 0 Bath | 0 SqFt
- 4.58 Acres
- MLS® #: 23-318145
- 1362 Bella Oceana Vis
- Pacific Palisades CA
- $29,995,000
- 6 Bed | 12 Bath | 12,900 SqFt
- 0.85 Acres
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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Jane, This is a wonderful report for your Downtown Los Angeles area. You certainly are my go-to LA agent for my clients and have never let me down! Your clients are very fortunate to have you sharing your knowledge along the way.
Thank you very much, Debe. I appreciate it very much.