Priced out of the exorbitant single-family market, many Angelenos are looking to condominiums as the new starter home. Downtown Los Angeles is dotted with new construction and adaptive reuse projects, providing plenty of choice for buyers on a budget. If you’re shopping for a new home in an amenity-rich neighborhood for less than $500,000, consider one of these four active listings.
1. 939 Broadway Lofts, #B3
Square footage: 849 square feet
Address: 939 South Broadway
Housed in the former Western Costume Building, 939 Broadway Lofts is a collection of industrial-style residences in the Historic Theatre District beside the Ace Hotel. #B3 is a two-bedroom, two-bathroom unit featuring a galley kitchen, one full bathroom and striking skyline views (can you spot the Eastern Columbia Building?). Onsite amenities include a rooftop pool and spa, a well-equipped gym, and a two-story, Gothic-inspired Art Deco lobby that’s original to the building.
2. Metropolis Tower 2, #623
Square footage: 482 square feet
Address: 877 Francisco Street
Studios with private outdoor space are a rare find, but Unit #623 at Metropolis Tower 2 boasts a large terrace with west-facing views. The sleek, streamlined kitchen is outfitted with Caesarstone countertops, Italian-sourced cabinetry, under-cabinet LED lighting and integrated Bosch appliances. Unwind in the spa-like bathroom, featuring a deep soaking tub with a stone surround, custom vanity, and premium Hansgrohe & Duravit plumbing fixtures. Metropolis is a four-tower community in the South Park neighborhood, complete with extensive onsite retail and amenities. Highlights include a 1.5-acre sky park, pool and spa, screening room, fitness center with yoga studio, and a meditation garden.
3. Perla on Broadway, #919
Square footage: 474 square feet
Address: 400 South Broadway
Not ready to move just yet? Perla on Broadway is a new luxury residence expected to wrap up construction within the next few months. Spanning 474 square feet, Unit 919 is a functional studio with a linear kitchen, two spacious closets, in-suite laundry, European white oak flooring, and a rejuvenating, three-piece bathroom. Floor-to-ceiling windows provide sweeping east-facing views of the city and welcome in ample natural light. Once complete, Perla will tout over 44,000 square feet of indoor and outdoor amenities, including multiple lounges, a clubroom, pool terrace, wine tasting room, theatre, fitness studio and a private dining room.
4. Metropolis Tower 1, #3107
Square footage: 526 square feet
Address: 889 Francisco Street
Located on the 31st floor of the first tower in Metropolis’ master-plan, Unit 3107 is a one-bedroom, one-bathroom residence offering panoramic views of DTLA. This open-concept layout is characterized by oak flooring, Caesarstone countertops, Bosch appliances (including a stacked washer and dryer), and custom cabinetry. The sale also includes one assigned parking space and one storage space. Situated in up-and-coming South Park, the residence is within walking distance of the STAPLES Center, LA LIVE, Nokia Theatre, FIDM and the Los Angeles Convention Center.