The Re-birth of Downtown Los Angeles Real Estate

Owners of Downtown Los Angeles property have an amazing menu of cultural and recreation to choose from, all within walking distance from their homes. These include events at venues such as Staples Center, The Disney Concert Hall, the Museum of Contemporary Art, the Mexican cultural row, Plaza Olvera, numerous art galleries and much more. Beginning in the 1990s, developers began seeing the potential of the area. They converted historic office space into thousands of housing units. There are now more than 40,000 people living in downtown Los Angeles property. As a result, new amenities continue to appear, including a Ralph’s supermarket, exercise studios, dog walking services and more. More and more restaurants are also opening. Some of these are chains such as Morton’s The Steakhouse but others are ones that reflect Southern California palates such as like Roy’s Hawaiian Fusion. There’s also old standbys like small, century-old Fugestsu-do, specializing in mochi, a Japanese rice-based snack on Historic First Street. While the Los Angeles Unified School District’s area schools are not top performers, its new Central Los Angeles High School #9 is being compared to New York City performing arts high schools. The high school building is as architecturally interesting as its neighbor, the Disney Concert Hall.