Downtown Los Angeles June Condo Sales

See the full list of DTLA condo sales for June 2017

 Downtown LA June 2017 Condo SalesJune 2017 Summary

In June 2017, there were 41 Condo sales in Downtown Los Angeles totaling $35,908,000.  Downtown LA June 2017 Condo Sales

The sales were in Arts District (8 sales), Bunker Hill (2 Sales), City West (2 Sales), Financial District (3 Sales), Historic Core (7 Sales), Little Tokyo (6 Sales), South Park (13 Sales). Downtown LA June 2017 Condo Sales

Highest Sale of the Month

The highest sale of the month was a 6,590 Sqft. 3-Bed, 4-Bath Penthouse at the Ritz-Carlton at L.A. Live which sold for $9,125,000.

It’s the Ritz so you’re downtown, nightlife and of course world-class amenities!!

Currently, there are few active Condos at the RITZ ranging from $1.1 to $7.9 Million so if you’re looking to for luxurious downtown living and a neighborly chat with Floyd Mayweather, you’re in luck !!

Downtown LA June 2017 Condo Sales
Ritz-Carlton at L.A. Live

Arts District

The Arts District had 8 sales totaling $6,817,000 with an average sales price of $852,125.

The average price for properties less than 1 Million is $637,500***. 

The highest sale was in the 940 E 2nd St. building was originally built in 1906 as a sugar beet storage facility. It was fully upgraded into a collection of 38 Luxury Lofts by Rockefeller Partners Architects in 2011.

The selling unit was a 2-Bed, 3-Bath, 2,340 Sqft. corner unit with 4 stories of light filled space, exposed brick walls, steel beams, wide plank wood floors, skylights, & clerestory windows.

It incorporated open loft-style living rm with vaulted ceilings, dining area and chef’s kitchen with Viking & Sub Zero appliances. Luxurious, artistic living at it’s best !!

*** Average based on properties selling less than $1,000,000. Total sales count includes all sales.

Downtown LA June 2017 Condo Sales
940 E 2Nd St – Arts District 

Bunker Hill

There were two sales in Bunker Hill totaling $909,500 with an average sales price of $454,750.

The highest sale was a 2-Bed, 2-Bath, 1,348 Sqft. in Promenade West which sold for $527,500. This full service condo was built in 1982. The selling unit was an original unit with lots of upside.

Downtown LA June 2017 Condo Sales
Promenade West – Bunker Hill

City West

In City West, there were two sales in June, both at the 1100 Wilshire. A 2-Bed, 2-Bath, 1,340 Sqft. for $940,000 and a 1-Bed, 1-Bath, 800 Sqft. for $565,000. The average price was $752,500.

The 2-Bed, 2-Bath unit was a desirable Northeast unit with panoramic views of Downtown, Stainless Steel appliances, bamboo floors, washer/dryer in unit and Vaulted ceilings. It quickly sold for Cash$$ after 9 days at list price.

Downtown LA June 2017 Condo Sales
1100 Wilshire – City West – Photo provided by Christiano Sampaio

Financial District

In the Financial District, there were three sales in June and all of them were at the Library Court at 630 W 6th Street.

The average sales price for the three properties was $437,000.

The highest sale was a 1-Bedroom, 1-Bath, 700 Sqft. that sold for $464,000. 

Downtown LA June 2017 Condo Sales
Library Court – Financial District

Historic Core

The Historic Core had 7 sales totaling $5,156,000 with an average sales price of $526,000*** for properties less than one Million.

The highest sale was Johnny Depp’s 2-Bed, 3-Bath, 2,490 Sqft. Penthouse at the Eastern Columbia Building which sold for 2 Million. It had been on the market since 11-04-2016 with an original list of $2,385,000.

Depp had originally owned 5 Penthouses and began unloading them last year.

The Eastern Columbia which opened on September 12, 1930, was renovated/converted in 2006 and is considered the greatest surviving piece of Art Deco architecture left in Los Angeles.

*** Average based on properties selling less than $1,000,000. Total sales count includes all sales.

Downtown LA June 2017 Condo Sales
Eastern Columbia Building – Historic Core

Little Tokyo

In Little Tokyo there were 6 sales totaling $2,919,500.00 with an average sales price of $486,584.

The highest sale was a 1-Bed, 1-Bath, 1,128 Sqft. in the Little Tokyo Lofts which sold for $620,000. It had previously been purchased for $420,000 on 11-05-2015.

The Little Tokyo Lofts were originally built in 1922 and were the headquarters of Westinghouse until 1948. It opened as a residential building in 2006. In 2008, the Little Tokyo Lofts building was listed as a Los Angeles Historic-Cultural Monument.

Little Tokyo Lofts – Little Tokyo – Photo courtesy of Stephen Shiu.

South Park

As usual, South Park had the most sales in June with 13, sales. There were 13 sales totaling $17,292,000 with an average sales price of $1,330,153.

Less than One Million, the average price was $635,181.

The highest sale was at the Ritz-Carlton at L.A. Live (see above).

The 13 South Park sales were distributed as follows: Elleven lofts (2 Sales, $588,000 average), Evo (3 Sales, $711,333.33 average), LUMA (2 Sales, $627,500 average), Market Lofts (4 Sales, $605,000 average), Ritz (1-Sale Highest Sale), Sky Lofts (1 Sale, 1,180,000).

*** Average based on properties selling less than $1,000,000. Total sales count includes all sales.

Dino Buiatti

Dino the Real Estate writer for Happening in DTLA.

Originally from Hollywood, he began his professional career building sophisticated software solutions in New York. He left the software industry in 2007 to move back home and join the emerging DTLA Metropolis!!

Having traveled extensively and lived in New York, London and Munich, he knows L.A.’s the greatest of them all. He is passionate about writing about all things L.A.; especially DTLA, it's history, the beautiful Pacific and INTERESTING things, people, ideas and stories!!
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