Downtown Los Angeles

Downtown Los Angeles is the central business district of the city, as well as a diverse residential neighborhood of some 50,000 people. Downtown Los Angeles is experiencing an urban renaissance.

Downtown Los Angeles declined economically and suffered a downturn for decades until its recent renaissance starting in the early 2000s. Currently, aging structures are being repurposed, skyscrapers are under construction, and outlook for the Downtown market is trending positive.

Some of the most beloved Los Angeles landmarks are in this area, such as the Central Library, Angels Flight, and the Bradbury Building.
Downtown Los Angeles is flanked by Echo Park to the north and northwest, Chinatown to the northeast, Boyle Heights to the east, Vernon to the south, Historic South Central and University Park to the southwest and Pico-Union and Westlake to the west.

Downtown is bounded on the northeast by Cesar Chavez Avenue, on the east by the Los Angeles River, on the south by the Los Angeles city line with Vernon, on the southwest by East Washington Boulevard and on the west by the 110 Freeway or Beaudry Avenue, including the entire Four Level Interchange with Highway 101.

Downtown Los Angeles is the center of the region’s growing rail transit system, with six commuter lines operated by Metrolink, and two subway lines, three light rail lines and local and regional bus service operated by Los Angeles County Metropolitan Transportation Authority (Metro).

Major subway and light rail stations downtown include Los Angeles Union Station, Civic Center Station, Pershing Square Station, 7th Street/Metro Center Station, Pico/Chick Hearn Station, and Little Tokyo/Arts District Station.

The Downtown Los Angeles Central Business District (DCBID) began a period of Urban Renaissance that began with the Adaptive Reuse Ordinance (ARO), which permitted converting functionally obsolete buildings to residential. This sparked three key developments: the Staples Center Area, the Cathedral of Our Lady of the Angels; and the Walt Disney Concert Hall. Expansion is continuing to include the Downtown LA Arts District, Creative Office Development, and more to come.
Downtown Los Angeles is home to several public parks, plazas, gardens and other open space. Several future park proposals for downtown make use of public-private partnerships between developers and the city of Los Angeles, including a public park at the proposed Nikkei Center development in Little Tokyo; a 1-acre park at the Medallion development in the Historic Core; and a pocket park at the Wilshire Grand Hotel replacement project, currently in the planning phase.

Additionally, the city of Los Angeles recently completed a new park located on the 400 block of South Spring Street in the Historic Core neighborhood.

View Current Properties Available For Sale & Lease

Map of Madison Partners Downtown Los Angeles Investment Sales

Select Madison Partners Downtown Los Angeles Closings