The 1999 opening of the Staples Center — home to the Los Angeles Lakers, Clippers and Kings — kick-started a renaissance in downtown Los Angeles’ South Park. Over the last few years, new construction has turned the area from a place where people go visit, with restaurants and nightlife but not much housing, to a place in Los Angeles where people live.
Living in South Park offers plenty of new options for housing. Curbed recently published a map of 27 different construction projects in the neighborhood, noting the huge influx of condos over the past few years. That massive construction run may also be why the average sales price of $743,449 is almost a full $45,000 less than the listing price. Los Angeles is generally known to be a seller’s market, but this is one of the few areas where new housing stock is keeping up with demand. It’s also why the $537 average price per square foot is less than the overall average for downtown LA, which sits at $618. If you’re interested in learning more about homes in downtown LA, visit Owners.com to view recent listings.
Living in South Park gives you access to a wide variety of nightlife options. The Staples Center is generally busy thanks to the professional sports teams as well as the huge musical acts that play the venue. The southern blocks of the Broadway Theater District run into the neighborhood’s boundaries, meaning classic Los Angeles movie palaces like the Theater at the Ace Hotel (formerly the United Artists Theater) and the Orpheum call South Park home.
Dining out here is also a draw. The blocks around the arena are lively even when all the teams are on the road; everything from food trucks to the upscale steakhouse The Palm can be found here.
There are very few grocery stores in the neighborhood, and they’re concentrated in its northern part so it is helpful to have the eating out options.
Getting Around Town
Downtown Los Angeles is generally a transit hub. The Expo and Blue Line trains each have stops within South Park, and the Red and Yellow Lines can be found in neighboring areas. And buses with stops in the neighborhood can take you all the way to Venice to the west and Montebello to the east without requiring transfers. South Park is also bounded by the 110 and 10 freeways to the west and south, respectively, meaning that the entire freeway-accessible city is within easy reach for drivers.
Those looking for a lively home will find sports, music, movie premieres and even a growing infrastructure for bicycle transit in South Park, one of downtown Los Angeles’s most rapidly developing neighborhoods.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Owners.com, Altisource or any other Altisource® business or entity. The foregoing content is not intended to constitute, and in fact does not constitute, financial, investment, tax or legal advice by the author, Owners.com, Altisource or any other business or entity.
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