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Downtown Los Angeles

California - Los Angeles

15.8°C

Downtown Los Angeles - Los Angeles

Downtown LA is known for its different neighborhoods, such as Chinatown, Lincoln Heights or even Westlake, each of them having its own special features. Downtown is also famous for being the central business district of Los Angeles. It is a place where fashion, flower and art districts meet, with architectural treasures regarding Historic Downtown. This hotspot is a bunch of many things in one area.

Market overview

The American real estate market has suffered from an important crisis, due to seizure of properties. This phenomenon had a huge consequence on prices, which plummeted. Therefore, investing in a property in L.A. is currently a safe investment and is interesting as the market benefits from favorable conditions.

Besides, the American population is mobile and often changes its accommodations. The law is particularly secured for financial backers and the American system is based on MLS (Multiple Listing System) which gathers all properties on sale, which is a guaranty of  ease to find one.

Thanks to a nice economic expansion, Los Angeles enjoys a large and diversified property portfolio with competitive prices for a city such vibrant, enormous and sunny. All in all, this area is a real heaven for owners and real estate investors.

Who buys?

Thanks to its multicultural aspects, Los Angeles is a global city which constantly attracts show business celebrities, fashion leaders, wealthy tourists as well as powerful financial people who are looking for an upscale quality of life, in a magnificent green oasis where are gathered culture, entertainment, glamor and leading-edge technology.

Buying basics

"Before any investment, the potential buyer will have to contact a professional of the real estate sector. The latter will need his client's passport and other administrative and bank documents to testify his identity and his solvency. The buying process is really fast (around one month). You do not need to have the American citizenship nor the famous Green card but you are required to provide a social security number (SSN), which is obligatory to fill in the tax return (that is only $100 for a property).

Besides, it is highly recommended to purchase an insurance regarding the ownership title in order to be secured in case of potential recording error. "

Peak Season
Jun 01 - Aug 31

From June to August, summers are particularly sunny and hot because of Santa Ana, a warm and dry wind that creates heatwaves. Therefore, temperatures can sometimes reach 35 degrees.

High Season
Apr 01 - Dec 01

The period from April to November is generally one of the best periods of the year to visit Los Angeles as temperatures are pleasant. Spring is also the period with shorter visitor queues and lower prices. However, between April and May, there is a "June Gloom" phenomenon (also called "May Grey") which corresponds  to a thick fog that appears at dawn and persists until midday.

Low Season
Dec 01 - Mar 31

Thanks to a Mediterranean climate, Los Angeles has a sweet climate throughout the year. Winters are mild and slightly rainy. Temperature scarcely drop below 10 degrees during the period from December to March.

Iglesia de Nuestra Señora la Reina de los Angeles

This Catholic church was the first one to be built in the city of Los Angeles, between 1814 and 1822 by the Franciscan Fray Luis Gil y Taboada. This church was registered as a historical monument in 1962. It became and is still a a sanctuary place where refugees threatened of deportation retreat. For instance, Elvira Arellano, a pro-immigration activist, was arrested in this church before being extradited to Mexico in 2007.

Bradbury Building

Built in 1893, this Neo-Renaissance style building is the oldest commercial building in Downtown Los Angeles. This elegant building has unexpected secrets such as marble stairs. It is currently the headquarters of various companies and the Los Angeles Police Department was even located in this building during the 1990s. Inside the monument, there is the Charlie Chaplin's statute, created in 1989 by a Russian artist.

Grand Central Market

Opened in 1917 and without any interruption since then, it is the oldest and biggest covered market in Los Angeles. It is an entire building block that hosts old-established suppliers as Wexler's Deli but also new trendy food stores. Nowadays, most of its merchants and customers are Hispanic.

Walt Disney Concert Hall

Also called "Walt Disney Symphony Hall", this building was created by Frank Ghery in the 2000s. The philharmonic orchestra of Los Angeles is accommodated in it. Its name refers to Mickey Mouse's creator because his widow donated several millions of dollars. This monument hosts a theater for children, a small concert hall, an art gallery and even a reception room.

The PRESTIGE MLS agents

Syd Leibovitch
Director
Rodeo Realty
Mark A. McLaughlin
Director
Pacific Union International
Los Angeles
Discover Hotspots in Los Angeles
The second most populous city in the US, Los Angeles is spread over a very diversified geographical area. Mainly a desert basin, the area is surrounded by the San Gabriel Mountains and divided by the Santa Monica Mountains.The climate of Southern California has often been described as ""perfect"" and for good reasons. Most days are sunny and warm, with delicious ocean breezes in summer. Moisture is low with little rain. In fact, there are no unpleasant seasons in Los Angeles.Los Angeles is considered the cultural capital of the United States, and has more museums and theaters than any other city in the United States. Moreover, the city is known for its many tourist attractions among which is the best known and famous Hollywood Walk of Fa...
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